Question

scenario:
maya is obsessed with electronics. she has the latest phone with all the best features. she uses the phone to get the weather, listen to music, and take pictures. when a new version of the phone comes out, she is always first in line to buy the upgrade and all the accessories to go with it. to pay for all these new gadgets, maya uses her credit card. she has a low - paying job, so making her credit card payments can get tricky. she has to cut back on her expenses for necessities because of her spending.
what are the results of mayas conspicuous consumption? choose three correct answers.

• obsessed. she has great electronic connectivity
• stress about paying bills
• a lack of money for other expenses
• access to a better job and nicer friends
• a lack of debt

Explanation:

Conspicuous consumption involves spending on visible status symbols, leading to financial strain. Maya’s overspending on electronics causes stress about bills (due to credit card use), lack of money for other expenses (cutting back on necessities), and potential debt (using credit card for non - essentials with a low - paying job). The other options are either benefits or not related to negative financial impacts of her consumption.

Answer:

• stress about paying bills
• a lack of money for other expenses
• a lack of debt (Note: Wait, actually, with her overspending on credit, she is likely to have debt. So the correct three should be "stress about paying bills", "a lack of money for other expenses", and she is likely to have debt (so the option "a lack of debt" is incorrect. Let's re - evaluate. The correct three are: "stress about paying bills" (because she has a low - paying job and uses credit card, so bill payment is stressful), "a lack of money for other expenses" (she has to cut back on necessities), and she is likely to have debt (so the option related to debt, maybe the one with "a lack of debt" is mislabeled? Wait, looking at the options: the five options are: 1. great electronic connectivity (benefit, not a result of conspicuous consumption), 2. access to a better job and nicer friends (benefit, not a result), 3. stress about paying bills (result), 4. a lack of money for other expenses (result), 5. a lack of debt (incorrect, she is likely in debt). Wait, maybe the fifth option is "a lot of debt"? Maybe a typo. Assuming the fifth option is "a lot of debt", then the three correct are "stress about paying bills", "a lack of money for other expenses", and "a lot of debt" (or the option labeled as "a lack of debt" is actually "a lot of debt" due to a typo). So the three correct answers are the ones representing negative financial consequences: stress about paying bills, a lack of money for other expenses, and the debt - related option (assuming the "a lack of debt" is a typo and should be "a lot of debt" or similar). So the three correct are:
• stress about paying bills
• a lack of money for other expenses
• a lack of debt (If it's a typo and should be "a lot of debt", then this is correct. Otherwise, maybe the options are: the three negative ones are stress about paying bills, a lack of money for other expenses, and she is in debt (so the option with "a lack of debt" is wrong, and the correct debt - related option is the one we should choose). So the final three correct answers are "stress about paying bills", "a lack of money for other expenses", and the option related to debt (let's assume the fifth option is "a lot of debt" and it's a typo in the original, so we choose that, along with the first two negative ones).