Micromotives and Macrobehavior Quiz Questions | Quiz: Chapter 2: The Inescapable Mathematics of Musical Chairs

Quiz: Chapter 2: The Inescapable Mathematics of Musical Chairs

This quiz consists of 5 multiple choice and 5 short answer questions.

Multiple Choice Questions

Directions: Circle the correct answer.

1. What does Schelling compare to the process of tracking the circulation of money in an economy?
a) Musical chairs.
b) Rumors circulating.
c) The development and use of language.
d) Water's movement from the ocean to clouds to rivers to the ocean.

2. What case does Schelling use to illustrate the difficulty of making an economic proposition?
a) Ending the draft.
b) Raising the drinking age.
c) Raising the draft age.
d) Lowering the drinking age.

3. What does Schelling say is important in economics?
a) Randomness.
b) Individual behavior.
c) Natural laws.
d) Generalizations. ...
(read more)