Nobility Defined by Recognized Conspicuous Consumption Meant That

question 35

Multiple Choice

Nobility defined by recognized conspicuous consumption meant that:

• A)class boundaries were porous.
• B)class boundaries were closed and rigidly defended.
• C)a person's class was in no way tied to his or her economic status.
• D)a person's class was tied to his or her lineage.
• E)class boundaries had become obsolete.

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Definitions:

Nonrival Consumption

A situation where one individual's consumption of a good does not reduce the amount available for consumption by others.

Private Goods

Goods that are excludable and rivalrous in consumption, meaning they can only be used by one person at a time.

Rival Consumption

A situation where the consumption of a good or service by one person reduces its availability for consumption by another person.

Excludable

A characteristic of a good or service that means it can be limited to only paying customers or those who meet certain criteria.