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Download SPMT 319 UNIT 2 WITH QUESTIONS AND CORRECT ANSWERS 100% VERIFIED 2025-2026!! and more Exams Advanced Education in PDF only on Docsity!
SPMT 319 UNIT 2 WITH QUESTIONS AND CORRECT ANSWERS 100% VERIFIED 2025-2026!! In the 70s Tv networks paid 50 million to show the NFL, in 2010 4 companies paid a total of 2.9 B to have rights to the NFL games. - ANSWER True Theory of leisure class- ANSWER Time is a major influence on all aspects of economics, and we as individuals have a finite amount of time available each day. Because of this, we must make decisions about how to use that time, and we typically allocate our time to either labor or leisure activities. Thus, the way in which individuals choose to spend their time determines the social status of individuals, and as a result two distinct classes emerge: the leisure class (which is the superior pecuniary, or socio-economic, class) and the laboring class (which is the inferior pecuniary, or socio-economic, class). They both have to do with money and wealth. EX: Rich guy playing golf in the middle of the workday with the most expensive everything How do people demonstrate their socioeconomic status? - ANSWER actions, behaviors, and material possessions Do lower classes try to imitate those with higher socio-economic status? - ANSWER Yes they do, it is referenced as “pecuniary emulation” and “keeping up with the Joneses" What is leisure - ANSWER “the non-productive consumption of time”. In other words, leisure is how we spend our discretionary, or free time, or what we do outside of our work, or laboring time. Who are in the leisure class - ANSWER people who typically have careers or employment which afford flexible schedules and free time, and also allow for great income earnings....or come from a family or background in which they already have money and wealth, and so the need to work or "labor" is not necessary. Unlike the leisure class, the “labor class” cannot avoid productive work, or employment, because their livelihood depends 
