In the Sherman (2017) “What the rich won’t tell you” reading, how did Sherman’s interviewees mostly feel about being rich?They felt they had to engage in “conspicuous consumption” to gain status among their wealthy friends.They felt morally superior to people with less money.They felt pressure to act “normal” and spend “sensibly.”They felt that they deserved their privilege due to their own hard work.

In the Sherman (2017) “What the rich won’t tell you” reading, Sherman’s main point is best summarized by:Stereotypes of the rich are unjust and stigmatizing the actual rich who live relatively normal lives.High levels of inequality are morally problematic, regardless of how nice wealthy people are.Being very wealthy is unproblematic as long as wealthy people are morally good.Affluence among the 1% can best be characterized by never having to worry about money.

Which of the following did Senator Huey Long propose through his "Share the Wealth" program?Lower taxes on incomes of over $1 million$5,000.00 to every deserving American familyAn earning cap that would stagnate the distribution of wealthAn annual wage of $10,000

Which of the following theories suggests that the poor strive to imitate the rich and to restore their self- and public-image through the consumption of luxury goods? a. The theory of socialist capitalism. b. Marxism. c. Goffman’s dramaturgical theory. d. The theory of conspicuous consumption.

Read the passage and answer the question based on it.A fact that draws our attention is that, according to his position in life, an extravagant man is either admired or loathed. A successful business man does nothing to increase his popularity by being prudent with his money. A person who is wealthy is expected to lead a luxurious life and to be lavish with his hospitality. If he is not so, he is considered mean, and his reputation in business may even suffer in consequence. The paradox remains that he had not been careful with his money in the first place; he would never have achieved his present wealth.Among the low income group, a different set of values exists. The young clerk, who makes his wife a present of a new dress when he has not paid his house rent, is condemned as extravagant. Carefulness with money to the point of meanness is applauded as a virtue. Nothing in his life is considered more worthy than paying his bills. The ideal wife for such a man separates her housekeeping money into joyless little piles – so much for rent, for food, for the children’s shoes, she is able to face the milkman with equanimity every, month satisfied with her economizing ways , and never knows the guilt of buying something she can't really afford . As for myself, I fall neither of these categories. If I have money to spare I can be extravagant, but when, as is usually the case, I am hard up and then I am the meanest man imaginable.QUESTIONThe word ‘paradox’ in the last sentence of the first paragraph meansStatement based on the popular opinionA statement that seems self-contradictory but in reality expresses a possible truth.Statement based on factsA word that brings out the hidden meaningNone of the above

Read the passage and answer the question based on it.A fact that draws our attention is that, according to his position in life, an extravagant man is either admired or loathed. A successful business man does nothing to increase his popularity by being prudent with his money. A person who is wealthy is expected to lead a luxurious life and to be lavish with his hospitality. If he is not so, he is considered mean, and his reputation in business may even suffer in consequence. The paradox remains that he had not been careful with his money in the first place; he would never have achieved his present wealth.Among the low income group, a different set of values exists. The young clerk, who makes his wife a present of a new dress when he has not paid his house rent, is condemned as extravagant. Carefulness with money to the point of meanness is applauded as a virtue. Nothing in his life is considered more worthy than paying his bills. The ideal wife for such a man separates her housekeeping money into joyless little piles – so much for rent, for food, for the children’s shoes, she is able to face the milkman with equanimity every, month satisfied with her economizing ways , and never knows the guilt of buying something she can't really afford .As for myself, I fall neither of these categories. If I have money to spare I can be extravagant, but when, as is usually the case, I am hard up and then I am the meanest man imaginable.QUESTIONAccording to the passage the person, who is a successful businessman and wealthyIs expected to have lavish lifestyle.Should not bother about popularity.Is more popular if he appears to be wasting away his time.Must be extravagant before achieving success.None of the above