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What is the fundamental economic activity explored in The Theory of the Leisure Class?Conspicuous ConsumptionCannibalismCoin CollectingCarpentry
Who is the author of The Theory of the Leisure Class?
What is the central idea of the book?Leisure and consumption is primarily a display of social statusLeisure leads to lazinessExcessive consumption leads to wealthWealth accumulates through saving
In Veblen's view, owning things is not as important as...Being seen to own themThe actual use of themThe potential resale valueThe intrinsic value
What societal group does Veblen focus on in his book?The leisure classThe working classThe middle classAll of society equally
What term does Veblen borrow from anthropology to describe useless, yet society approved behaviors?