Final answer:
Conspicuous consumption involves purchasing items like expensive clothes or cars to symbolize social status.
Explanation:
Expensive clothes or cars are examples of conspicuous consumption, where individuals purchase these items not solely for their practical use but to symbolically communicate social standing or status. Unlike school supplies, lunch, or tickets to a dance, which serve utilitarian purposes, luxury items like expensive clothes or cars are purchased to make a social statement about status.
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