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The Smith Family Always Has the Latest Model of Luxury

Question 40

Multiple Choice

The Smith family always has the latest model of luxury vehicles even though they don't really need new vehicles every year. They also have the latest smartphones, tablets, and e-readers and a wide range of other luxury goods that they often manage to display to others. The Smith family is engaging in


A) conspicuous consumption.
B) counter-austerity.
C) economic posturing.
D) financial reciprocity.

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