FINA 2330 EXAM QUESTIONS AND
ANSWERS 100% PASS 2026/2027
The popular book, The Millionaire Next Door, details the extravagant lives of the wealthiest
people in various communities throughout the United States. - ANS False
Schor states that "many of us are continually comparing our own lifestyle and possessions to a
select group of people we respect and want to be like." She calls this... - ANS Competitive
Acquisition
According to Schor, a/an __________ __________, is a group with which a person is more likely
to compare themselves and their lifestyle. - ANS Reference Group
Adam Smith was the author of which book? - ANS The Wealth of Nations
Schor says that daily exposure to an economically diverse set of people is one reason why
Americans began engaging in more upward comparison. - ANS True
Schor observed that a large majority of Americans are conscious of being motivated by social
status and intentionally make purchases that are knowingly meant to elevate that status. -
ANS False
@2026 ALLRIGHTS RESERVED 1
, According to Schor, very few economists have found that consumer satisfaction, and
dissatisfaction, actually depend less on what a person has in an absolute sense than on socially
formed aspirations and expections. - ANS False
__________ is what Schor calls the process of reducing work hours, thereby earning and
spending less, with the goal of leaving behind the pressures for upscale consumption. -
ANS Downshifting
According to Schor, the ______ were the so-called "decade of greed." - ANS 1980's
According to Schor, the most obvious social trend of the 1970's that was altering the nature of
comparative consumption was: - ANS an increase in married women entering the work force
According to Schor, Bourdieu argues that tastes and preferences don't just evolve out of
individual likes and dislikes but are instead more likely to be socially produced by: -
ANS inequalities in class.
Bourdieu defines habitus as: - ANS All of these are correct
According to Schor, a study by Russell Belk in the 1980's found that observers could predict
reasonably well a person's family income and occupation by investigating the contents of his or
her: - ANS purse or wallet.
According to Schor, in modern society, not having money can result in a profound: -
ANS social disability.
Schor highlights that many Homeowner's Associations ban things like campers in the driveway,
clothes lines (for hanging laundry outside to dry,) loud noise and rabbit hutches because: -
ANS these things "reek of the lower classes."
@2026 ALLRIGHTS RESERVED 2
ANSWERS 100% PASS 2026/2027
The popular book, The Millionaire Next Door, details the extravagant lives of the wealthiest
people in various communities throughout the United States. - ANS False
Schor states that "many of us are continually comparing our own lifestyle and possessions to a
select group of people we respect and want to be like." She calls this... - ANS Competitive
Acquisition
According to Schor, a/an __________ __________, is a group with which a person is more likely
to compare themselves and their lifestyle. - ANS Reference Group
Adam Smith was the author of which book? - ANS The Wealth of Nations
Schor says that daily exposure to an economically diverse set of people is one reason why
Americans began engaging in more upward comparison. - ANS True
Schor observed that a large majority of Americans are conscious of being motivated by social
status and intentionally make purchases that are knowingly meant to elevate that status. -
ANS False
@2026 ALLRIGHTS RESERVED 1
, According to Schor, very few economists have found that consumer satisfaction, and
dissatisfaction, actually depend less on what a person has in an absolute sense than on socially
formed aspirations and expections. - ANS False
__________ is what Schor calls the process of reducing work hours, thereby earning and
spending less, with the goal of leaving behind the pressures for upscale consumption. -
ANS Downshifting
According to Schor, the ______ were the so-called "decade of greed." - ANS 1980's
According to Schor, the most obvious social trend of the 1970's that was altering the nature of
comparative consumption was: - ANS an increase in married women entering the work force
According to Schor, Bourdieu argues that tastes and preferences don't just evolve out of
individual likes and dislikes but are instead more likely to be socially produced by: -
ANS inequalities in class.
Bourdieu defines habitus as: - ANS All of these are correct
According to Schor, a study by Russell Belk in the 1980's found that observers could predict
reasonably well a person's family income and occupation by investigating the contents of his or
her: - ANS purse or wallet.
According to Schor, in modern society, not having money can result in a profound: -
ANS social disability.
Schor highlights that many Homeowner's Associations ban things like campers in the driveway,
clothes lines (for hanging laundry outside to dry,) loud noise and rabbit hutches because: -
ANS these things "reek of the lower classes."
@2026 ALLRIGHTS RESERVED 2
