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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Which black politician's slim election victory indicates voters might have lied to pollsters?
(a) Harold Ford, Jr.
(b) Barack Obama.
(c) Cory Booker.
(d) David Dinkins.

2. According to Levitt, because something is correlated to something else does not imply what type of relationship between them?
(a) Porportional.
(b) Causal
(c) Symbiotic.
(d) Inverse.

3. What percentage of people actually pays for Paul Feldman's wares?
(a) 100%,
(b) 87%.
(c) 12%.
(d) 50%.

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

5. By what percentage did violent crime drop between 1995 and 2000?
(a) 50%.
(b) 15%.
(c) 60%.
(d) 25%.

Short Answer Questions

1. What did DuPont introduce in 1939 to make stockings more affordable?

2. How many times a year are elite sumo tournaments held?

3. With what band did Sudhir Venkatesh tour as part of his sociological research?

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

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

Short Essay Questions

1. To what extent is the winning of a conventional wisdom battle key to achieving public success?

2. What is information asymmetry?

3. What mindset do the authors ask the reader to take at the end of the introduction?

4. How does Venkatesh get his hands on JT's financial records?

5. Why is a real estate agent inclined to keep her own house on the market longer than her client's?

6. Why would a foot soldier risk death or arrest in a gang that pays him less than minimum wage for his labor?

7. What is the nature of discrimination on The Weakest Link?

8. What unorthodox theory do the authors offer regarding the drop in crime in the late 1990s?

9. How were predictions about violent crime in the Nineties incorrect?

10. What are the defining characteristics of conventional wisdom?

(see the answer keys)

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