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In lecture we discussed several problems with purchasing material goods in order to signal one's status (conspicuous consumption). Which of the following is NOT one
In lecture we discussed several problems with purchasing material goods in order to signal one's status (conspicuous consumption). Which of the following is NOT one of these problems? As people adapt quickly to new purchases, the associated spike in happiness does not persist long-term; this leads people to want to purchase even more stuff Even most upper class jobs don't pay enough to purchase status goods, thus leading to a sense of relative deprivation People who consume conspicuously are ill more frequently and experience higher mortality rates Purchasing material things can have negative effects on the environment
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