|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. The amount of money spent on every season's election campaigns is the same as the amount spent by Americans yearly on what?
2. Which film boxer do the authors cite in their discussion of honesty in sports?
(a) Apollo Creed.
(b) Rocky Balboa.
(c) Jake LaMotta.
(d) Terry Malloy.
3. Which of the following is not a bit of specialty information Levitt says a real estate owner claims to have?
(a) The house's true value.
(b) State of the buyer's mind.
(c) Housing market.
(d) Architectural background.
4. How much did JT's revenue increase over the four year period chronicled in Booty's financial records?
(a) It quadrupled.
(b) It tripled.
(c) It doubled.
(d) It remained mostly consistent.
5. What percentage commission does a real estate broker generally take from a home sale?
6. What condition did Listerine claim to treat in 1920, increasing its sales dramatically?
(c) Jaw cancer.
7. According to Levitt, what do experts use their knowledge for?
(a) The furthering of the status quo.
(b) The benefit of the uninitiated.
(c) A personal agenda.
(d) The greater good.
8. Paul Feldman makes his living delivering what to offices?
(c) Ink cartridges.
(d) Cheese trays.
9. In his introduction, what does Levitt say he wants to replace with honest assessment?
(b) Social bias.
(c) Moral posturing.
(d) Conventional wisdom.
10. Which of the following real estate terms indicates that a home buyer should bid high?
(b) For sale by owner.
11. What is the median annual income of the neighborhood in which the Black Gangster Disciple Nation operates?
12. By how much did the homicide rate among young black males increase over the first five years of the crack boom?
(a) It tripled.
(b) It doubled.
(c) It increased by half.
(d) It quadrupled.
13. Which of the following is not a public figure that the author mentions as a wealthy man purchasing public office?
(a) Mike Bloomberg.
(b) Jon Corzine.
(c) Ross Perot.
(d) Arnold Schwarzenegger.
14. Which of the following is not affected by the rank of a sumo wrestler?
(a) His housing accomodations.
(b) His entourage.
(c) His food.
(d) His earnings.
15. What unethical practice are Atlanta police discovered to have undertaken throughout the 1990s?
(a) Selling confiscated drugs.
(b) Underreporting crime.
(c) Accepting kickbacks.
(d) Racial profiling.
Short Answer Questions
1. What event in California has allowed two Enron traders to jack up energy prices int he dialogue of this chapter?
2. How many bouts does a sumo wrestler have to win in order for his ranking to rise?
3. How many homeless people did Mitch Snyder tell a college class die every second?
4. Informational asymmetry indicates the use of information for what?
5. According to the authors, what is the easiest way to ensure your will not get a good response to your dating profile?
This section contains 469 words
(approx. 2 pages at 300 words per page)