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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 1.

Multiple Choice Questions

1. In 1987, why did many people stop claiming fake children on their tax returns?
(a) The government stepped up prosecution of tax violators.
(b) The government bagan a much more thorough census.
(c) They began receiving a much smaller exemption.
(d) They were required to provide a social security number for each.

2. What percentage commission does a real estate broker generally take from a home sale?
(a) 6%.
(b) 12%.
(c) 10%.
(d) 4%.

3. What do obstetricians in lower birth-rate areas do more often?
(a) Caesarean sections.
(b) Ultrasounds.
(c) House calls.
(d) Spinal blocks.

4. In what country is the daycare service examined at the beginning of this chapter?
(a) Israel.
(b) Tunisia.
(c) Germany.
(d) Norway.

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) Architectural background.
(c) Housing market.
(d) The house's true value.

Short Answer Questions

1. What percentage of the vote does an incumbent candidate lose on average if he spends half as much money in his second campaign?

2. According to Levitt, what do experts use their knowledge for?

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

4. What percentage of people actually pays for Paul Feldman's wares?

5. Which of the following is not affected by the rank of a sumo wrestler?

(see the answer key)

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