Material and Economic Self Quiz

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Questions and Answers

Which of the following is NOT a component of the material self as defined by William James?

Reputation and work

Clothes

Dreams (correct)

House

What is meant by the statement 'we are what we have' in relation to the material self?

Our possessions have no impact on our identity.

Our identity is shaped solely by our possessions.

Possessions contribute to our self-identity by holding meaning. (correct)

Only monetary wealth defines our material self.

In the context of material possessions, what distinguishes needs from wants?

Wants are more critical than needs in personal development.

Needs are optional, whereas wants are mandatory.

Needs are essential for survival, while wants are additional luxuries. (correct)

Both needs and wants serve identical purposes.

Which of the following statements best describes economic self-sufficiency?

The capacity to maintain income to meet needs consistently. Signup and view all the answers

How does consumerism differ from materialism?

Consumerism focuses on society as a whole, while materialism is individual-centric. Signup and view all the answers

Which of the following is a suggested way to become wise in spending money?

Exercise intellectual independence. Signup and view all the answers

What is a significant effect of material possessions in a person's life?

They can serve as status symbols and carry deep meanings. Signup and view all the answers

Which of these best reflects the phrase 'I shop therefore I am'?

Purchasing goods is a reflection of self-worth. Signup and view all the answers

Which of the following best describes the economic self?

The process of purchasing goods and availing services Signup and view all the answers

Materialism and consumerism refer to the same concept.

False Signup and view all the answers

What is the primary role of family in relation to self-identity?

Family shapes and influences the development of self-identity. Signup and view all the answers

____ and bank accounts are part of our material self, according to William James.

Land Signup and view all the answers

Match the following components of the material self with their descriptions:

Body = Innermost part of the material self Clothes = Form of self-expression Home = Earliest nest of our selfhood Family = Influences self-identity development Signup and view all the answers

Which of the following best describes needs?

Basic requirements for survival Signup and view all the answers

The statement 'Consume less, live more' suggests a way to become wiser in spending money.

True Signup and view all the answers

How does utility differ from significance in relation to material possessions?

Utility refers to practical purpose while significance relates to the meaning assigned to an object. Signup and view all the answers

Study Notes

Material and Economic Self

Material self is defined as the sum total of everything a person considers their own, including body, psychic powers, possessions, and relationships.
This includes tangible items, people, or places that belong to a person.
Examples of possessions that constitute a person's material self: clothes, house, wife, children, friends, ancestors, reputation, work, land, and bank accounts.

Composition of the Material Self

Innermost comprises the body; we are inextricably bound to our bodies.
Clothing is a significant aspect of self-expression.
Family influence shapes identity development.
Home is the earliest environment forming selfhood.

Needs vs. Wants

Needs are essential requirements for survival.
Wants are desires beyond basic needs.
Utility is the practical purpose of something, while significance is its meaning.
Possessions can fulfill roles as status symbols.

Economic Self

Consumerism is the process of purchasing goods and services.
Economic self-sufficiency is the ability for individuals and families to maintain income sufficient for their needs.
Materialism is the belief that matter is fundamental, including consciousness.
Consumerism suggests that increasing consumption is beneficial.

Ways to Wisely Spend Money

Exercise intellectual independence.
Consume less, live more.
Improve financial management.

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Description

This quiz explores the concepts of material self and economic self, focusing on how possessions and consumerism shape personal identity and self-expression. Participants will engage with definitions, key components, and the distinction between needs and wants. Test your understanding of the influences on material and economic aspects of selfhood.