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 a flashy new car you can assume that he or she
A) is either from an old money family or newly rich.
B) is deeply in debt.
C) does not from an old money family.
D) does not care what other people think of them.
Correct Answer:
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