Suppose there are three kinds of people living in Midtown: people who do not have a lot of money,and so cannot afford to conspicuously consume;people who come from old money,all of whom believe that conspicuous consumption is in exceedingly poor taste;and the newly rich,all of whom engage in conspicuous consumption.
In Midtown,if you observe someone driving an old Chevy you can assume that he or she
A) is neither old money nor newly rich.
B) is either not wealthy or comes from an old money family.
C) cannot afford a nicer car.
D) does not care what other people think of them.
Correct Answer:
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