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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3.

Multiple Choice Questions

1. According to James Alan Fox in 1995, what is the minimum rise in violent crime to be expected in the next decade?
(a) 5%.
(b) 35%.
(c) 25%.
(d) 15%.

2. Which of the following real estate terms indicates that a home buyer should bid high?
(a) For sale by owner.
(b) Granite.
(c) Spacious.
(d) Charming.

3. How does Paul Feldman view humanity as a result of his business records?
(a) People become less honest after achieving success.
(b) People are deceptive and entitled.
(c) People never lie.
(d) People are basically honest.

4. Which film boxer do the authors cite in their discussion of honesty in sports?
(a) Terry Malloy.
(b) Apollo Creed.
(c) Jake LaMotta.
(d) Rocky Balboa.

5. What is the central action of economics?
(a) Measurement.
(b) Assessment.
(c) Prediction.
(d) Theory.

Short Answer Questions

1. At what preeminent university does Venkatesh meet Steven Levitt?

2. Which of the following is not a reason why crack was so appealing to urban gangs in the 1980s?

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

4. Informational asymmetry indicates the use of information for what?

5. Which two groups are the most discriminated against on Weakest Link?

(see the answer key)

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