Joel purchases a Rolex watch before he flies out to attend his ten-year college class reunion. He is an example of conspicuous consumption.

Name: Joel purchases a Rolex watch before he flies out to attend his ten-year college class reunion. He is an example of conspicuous consumption.
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Question

Quizplus · Accepted Answer

Conspicuous consumption refers to the purchase of goods or services for the direct purpose of displaying one's wealth or social status, and buying a Rolex watch, a luxury item, fits this definition.

Joel Purchases a Rolex Watch Before He Flies Out to Attend