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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

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

2. What does Levitt ask of his reader at the end of the introduction?
(a) Patience.
(b) Objectivity.
(c) Forgiveness.
(d) Money.

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

4. Which of the following is not a reason why crack was so appealing to urban gangs in the 1980s?
(a) It provides a fast, powerful high.
(b) It is less expensive.
(c) It has a lower chance of overdose.
(d) Its high fades quickly.

5. What did DuPont introduce in 1939 to make stockings more affordable?
(a) Run-proofing.
(b) Nylon.
(c) Scotch guard.
(d) Elastic.

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

7. What did the clan call its book of beliefs?
(a) The Klorah.
(b) The Kloran.
(c) The Klagavaad Klita.
(d) The Klible.

8. What comedic Hollywood icon does Levitt quote regarding honesty in this chapter?
(a) W.C. Fields.
(b) Soupy Sales.
(c) Buster Keaton.
(d) Stan Laurel.

9. What action led to a reduction in blood donors in the 1970s?
(a) Donors' names listed in the local paper.
(b) Monetary compensation.
(c) A new type of needle.
(d) An STD test.

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

11. In what year did the Chicago Public School system begin widespread standardized testing?
(a) 2002.
(b) 1996.
(c) 1986.
(d) 1975.

12. Researchers determining whether teachers are encouraging cheating on standardized tests observe classes over how many years?
(a) 1.
(b) 2.
(c) 3.
(d) 4.

13. According to Paul Feldman's records, when are people least honest?
(a) During holiday seasons.
(b) During the winter.
(c) During tax season.
(d) Early in the morning.

14. What event in California has allowed two Enron traders to jack up energy prices int he dialogue of this chapter?
(a) An earthquake.
(b) A heatwave.
(c) A wildfire.
(d) A plane crash.

15. What percentage of the vote does an incumbent candidate lose on average if he spends half as much money in his second campaign?
(a) 3%.
(b) 1%.
(c) 5%.
(d) 7%.

Short Answer Questions

1. According to the authors, what is the easiest way to ensure your will not get a good response to your dating profile?

2. What percentage of his revenue does JT pay to the Board of Directors?

3. Within a single office, who cheats Paul Feldman most?

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

5. Which of the following is not one of the three types of incentives?

(see the answer keys)

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