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

Multiple Choice Questions

1. What do the authors argue is the primary incentive for not soliciting a prostitute?
(a) The fear of public ridicule.
(b) The fear of going to jail.
(c) The fear of losing one's family.
(d) The fear of paying a large fine.

2. What percentage of the Black Gangster Disciple Nation takes home half the pay?
(a) 20%.
(b) 2.2%.
(c) .5%.
(d) 12.1%.

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

4. What conservative American politician does Levitt cite as an example of a victim of the country's changing attitudes toward bigotry?
(a) Tom Delay.
(b) Lindsay Graham.
(c) Trent Lott.
(d) Jim Demint.

5. The amount of money spent on every season's election campaigns is the same as the amount spent by Americans yearly on what?
(a) Stickers.
(b) Licorice.
(c) Gum.
(d) Turnips.

Short Answer Questions

1. Which of the following is an action that Gyges undertakes in the story that ends Chapter 1?

2. According to normal Weakest Link strategy, who will players vote off in later rounds?

3. What is Stetson Kennedy's pseudonym at the Pittsburgh Courier?

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

5. Which of the following is not a bit of specialty information Levitt says a real estate owner claims to have?

(see the answer key)

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