All of the Following Are True About the Trickle-Down Theory

question 52

Multiple Choice

All of the following are true about the trickle-down theory of fashion,EXCEPT:

• A) it is useful when a stable class structure exists.
• B) status symbols trickle down from upper to lower classes.
• C) upper and lower classes are easily identified.
• D) consumers tend to be more influenced by opinion leaders.

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Definitions:

Commonly Accepted Idea

A belief, notion, or opinion that is widely accepted or held to be true by the majority.

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, known also as the "knew-it-all-along" effect.

Testable Predictions

Hypotheses that can be empirically investigated through experiment or observation to be proven true or false.

Research

The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.