View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3: Thermostats, Lemons, and Other Families of Models.

Multiple Choice Questions

1. 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.

2. What tool does Schelling say social scientists use to describe behaviors such as human principles and household activities?
(a) Computer architecture.
(b) Math.
(c) Metaphors.
(d) Graphic designs.

3. 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 neither superficial nor thoughtless.
(d) It is a common decision that people make the same way depending on where they are in the crowd.

4. What does Schelling say is essential to economic analysis?
(a) Accounting statements.
(b) Narrative.
(c) Income and economic growth.
(d) Profit and loss.

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

Short Answer Questions

1. What does Schelling say is an atomic pile is an example of?

2. What name does Schelling give to the effect people have on each other's behavior?

3. What term does Garrett Hardin use to describe people who infringe on others by following their own desires intently?

4. What part of a heating system does Schelling use as a metaphor for human behavior?

5. What natural phenomenon does Schelling compare the economy to?

(see the answer key)

This section contains 267 words (approx. 1 page at 300 words per page) View a FREE sample