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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 ingrained behavior does Schelling say informs the decision where to sit in a theater?
(a) Not to sit in front.
(b) Not to sit next to anyone.
(c) Not to sit in the back.
(d) Not to sit near funny-looking people.
2. What does Schelling compare to the process of tracking the circulation of money in an economy?
(a) Musical chairs.
(b) Water's movement from the ocean to clouds to rivers to the ocean.
(c) The development and use of language.
(d) Rumors circulating.
3. How does Schelling describe the Golden Gate Bridge?
(a) As a static equilibrium.
(b) As a semi-closed system.
(c) As an open system.
(d) As a closed system.
4. What does Schelling say about a bike owner buying a bike for $90 and selling it for $150?
(a) He says that the owner still has to pay overhead, so the exchange is equal.
(b) He says that the owner gains a profit of $60.
(c) He says that the exchange replaces a real bicycle with abstract money.
(d) He says that the exchange is consistent with laws of capitalism.
5. What does Schelling say is essential to economic analysis?
(a) Accounting statements.
(b) Income and economic growth.
(d) Profit and loss.
Short Answer Questions
1. What does Schelling say about human desire?
2. What does Schelling say the defines independent variable in a behavioral system?
3. In Schelling's analysis, what behavior governs the people filling the theater?
4. What does Schelling say about Christmas cards?
5. What does Schelling ultimately say about a decision such as where to sit in a theater?
This section contains 381 words
(approx. 2 pages at 300 words per page)