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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 2.

Multiple Choice Questions

1. Informational asymmetry indicates the use of information for what?
(a) Bettering of a culture.
(b) Accumulation of power.
(c) Monetary profit.
(d) Leveling of society.

2. Which racist American figure is the focus of the final passage of this chapter?
(a) G. Gordon Liddy.
(b) Jesse Helms.
(c) David Duke.
(d) George Wallace.

3. According to normal Weakest Link strategy, who will players vote off in later rounds?
(a) Themselves.
(b) Better players.
(c) The weakest players.
(d) No one.

4. How do teachers most often cheat on standardized tests?
(a) They allow children to have books out.
(b) They read the answers to the children.
(c) They erase wrong answers.
(d) They never administer the test.

5. Which of the following is not a bit of specialty information Levitt says a real estate owner claims to have?
(a) State of the buyer's mind.
(b) The house's true value.
(c) Architectural background.
(d) Housing market.

Short Answer Questions

1. Which two cities does Levitt compare in his discussion of police population versus murder rate?

2. Which of the following is not an alternate source of funding in the twentieth century?

3. Which of the following real estate terms indicates that a home buyer should bid low?

4. According to Levitt, because something is correlated to something else does not imply what type of relationship between them?

5. What Supreme Court case involved Norma McCorvey as plaintiff?

(see the answer key)

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