Objectivism Is Based on the Idea That

question 21

Multiple Choice

Objectivism is based on the idea that

• A) there are no universal moral principles.
• B) morality has an existence outside the human mind.
• C) morality and law are identical.
• D) there is no such thing as free will.
• E) God does not exist.

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Definitions:

Conspicuous Waste

The act of spending money on and acquiring luxury goods and services to publicly display economic power.

Conspicuous Consumption

The practice of purchasing goods or services for the direct purpose of displaying wealth or social status rather than for practical reasons.

Leisure Class

A social class that has the means to live without the necessity for active economic productivity, often associated with conspicuous consumption and leisurely lifestyles.

Veblen

Pertains to theories or concepts related to economist Thorstein Veblen, especially concerning conspicuous consumption and social status.