View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 5: Sorting and Mixing: Age and Income.

Multiple Choice Questions

1. What does Schelling say about an equilibrium division of the population?
(a) It will not produce optimal results.
(b) It will not give us a working model of emigration.
(c) It will give us a working model of social mobility
(d) It will give us a working model of emigration.

2. What does Schelling say is essential to economic analysis?
(a) Profit and loss.
(b) Income and economic growth.
(c) Narrative.
(d) Accounting statements.

3. What does Schelling say individual behaviors have in economic analysis?
(a) Statistical insignificance.
(b) Statistical predictability.
(c) Mathematical equality.
(d) Randomness.

4. What does Schelling say the simplest model of a closed system with a density enhancement contains?
(a) Micropopulation numbers and statistical projections.
(b) Population numbers and historical date.
(c) Future forecasting predictions.
(d) Population numbers and individual preferences.

5. How does Schelling explain blacks and whites being excluded from each other's churches?
(a) Reciprocal behavior.
(b) Historical guilt.
(c) Jim Crow laws.
(d) Race hatred.

Short Answer Questions

1. What does Schelling say the "open model" represent?

2. What does Schelling say is the key to predicting whether there will be a critical mass?

3. What second example does Schelling use to demonstrate a closed system with a density enhancement?

4. What natural phenomenon does Schelling compare the economy to?

5. What does Schelling say is the result if aggregate behavior results from a small number of variables?

(see the answer key)

This section contains 285 words (approx. 1 page at 300 words per page) View a FREE sample