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    The document summarizes an excerpt from economist Thorstein Veblen's writings. According to Veblen, the most reliable signal of true wealth is an individual's ability and willingness to engage in "conspicuous consumption" - spending money in a visibly wasteful or irrational way.

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    The document summarizes an excerpt from economist Thorstein Veblen's writings. According to Veblen, the most reliable signal of true wealth is an individual's ability and willingness to engage in "conspicuous consumption" - spending money in a visibly wasteful or irrational way.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    13 views2 pages

    CAT Exam Review

    Uploaded by

    Prasant Goel
    The document summarizes an excerpt from economist Thorstein Veblen's writings. According to Veblen, the most reliable signal of true wealth is an individual's ability and willingness to engage in "conspicuous consumption" - spending money in a visibly wasteful or irrational way.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 2

    10/3/2015 CatExams

    CATExamReview
    YouwereINCORRECT

    Question30of41

    AccordingtothewritingsofThorsteinVeblen,theeconomist,themostreliablesignalofatrulywealthyindividualis
    hisorherabilityandwillingnesstoengagein"conspicuousconsumption"tospenditinawaythatispatently
    absurdorirrational.

    ThorsteinVeblen,theeconomist,themostreliablesignalofatrulywealthyindividualishisorherability
    andwillingness
    ThorsteinVeblen,theeconomist,themostreliablesignalthatoneistrulywealthyiswhetheroneis
    capableandwilling
    economistThorsteinVeblen,themostreliablesignalofone'struewealthiswhetheranindividualis
    capableandwilling
    theeconomistThorsteinVeblen,anindividual'struewealthismostreliablysignaledbytheirabilityand
    willingness
    theeconomistThorsteinVeblen,themostreliablesignaloftruewealthisanindividual'sabilityand
    willingness

    HideExplanation
    ThissentencedescribesanassertionfromthewritingsoftheeconomistThorsteinVeblen:namely,thatindividual
    wealthismostreliablysignaledbytheabilityandwillingnesstoengagein"conspicuousconsumption,"aconcept
    thatthesentencethendefines.

    (A)Thepronounitinthephrasespenditinawayshouldlogicallyrefertowealthormoneyhowever,nosuchnoun
    existsinthesentence(wealthyisanadjective).

    (B)Thepronounitinthephrasespenditinawayshouldlogicallyrefertowealthormoneyhowever,nosuchnoun
    existsinthesentence(wealthyisanadjective).Whetherisalsoillogical,suggestingthatwhethersomeoneiswilling
    orisnotwillingtoengagein"conspicuousconsumptionisasignalofwealth.Rather,someonemusthaveboththe
    abilityandthewillingnesstodoso.Finally,intheparallelstructurecapableandwillingtoengage,theidiomwillingto
    +verbisacceptable,buttheidiomcapableto+verbisnot(thesentenceshouldsaycapableofengaging).

    (C)Theshiftfromone'stoanindividualisunacceptableitillogicallysuggeststhatthepersonpossessingthe
    wealthisnotnecessarilythesamepersonwhoengagesin"conspicuousconsumption."Whetherisalsoillogical,
    suggestingthatwhethersomeoneiswillingorisnotwillingtoengagein"conspicuousconsumptionisasignalof
    wealth.Rather,someonemusthaveboththeabilityandthewillingnesstodoso.Finally,intheparallelstructure
    capableandwillingtoengage,theidiomwillingto+verbisacceptable,buttheidiomcapableto+verbisnot(the
    https://www.manhattanprep.com/gmat/onlineexams/cat_disp.cfm?act=IR_Run&IR_Act=cat_rev_Qview&questionid=3019 1/2
    10/3/2015 CatExams

    sentenceshouldsaycapableofengaging).

    (D)Thepluralpronountheircannotrefertothesingularnounanindividual's.

    (E)CORRECT.Thissentencecontainsthesingularnounwealth,whichservesasalogicalantecedentforit.Both
    abilityandwillingnesscombineidiomaticallywithto+verb.
    EndExamYoumustselectananswertoproceed.Next>>ProblemList<<Prev

    https://www.manhattanprep.com/gmat/onlineexams/cat_disp.cfm?act=IR_Run&IR_Act=cat_rev_Qview&questionid=3019 2/2

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