|Name: _________________________||Period: ___________________|
This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 2: The Inescapable Mathematics of Musical Chairs.
Multiple Choice Questions
1. What does Schelling say individual behaviors have in economic analysis?
(a) Statistical predictability.
(b) Mathematical equality.
(d) Statistical insignificance.
2. What does Schelling say about a bike owner buying a bike for $90 and selling it for $150?
(a) He says that the owner gains a profit of $60.
(b) He says that the exchange is consistent with laws of capitalism.
(c) He says that the exchange replaces a real bicycle with abstract money.
(d) He says that the owner still has to pay overhead, so the exchange is equal.
3. What does Schelling say individuals react to?
(a) The desire of the mass.
(b) The collective unconscious.
(c) The fear of the mass.
(d) Their own stimuli.
4. How does Schelling describe the Golden Gate Bridge?
(a) As a semi-closed system.
(b) As an open system.
(c) As a static equilibrium.
(d) As a closed system.
5. What does Schelling ultimately say about a decision such as where to sit in a theater?
(a) It is not predictable but it nonetheless follows a pattern.
(b) It is neither meaningful nor memorable.
(c) It is a common decision that people make the same way depending on where they are in the crowd.
(d) It is neither superficial nor thoughtless.
Short Answer Questions
1. What does Schelling use his lecture to an audience of 800 people to illustrate?
2. What natural phenomenon does Schelling compare the economy to?
3. What does Schelling say about human desire?
4. What additional reason does Schelling give for the desire to sit in the back of a theater?
5. What does Schelling say the farmer needs to know?
This section contains 356 words
(approx. 2 pages at 300 words per page)