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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3: Thermostats, Lemons, and Other Families of Models.

Multiple Choice Questions

1. What does Schelling say has to be closely attended to, in economic analysis?
(a) Definition of terms.
(b) Economists' desire for certain outcomes.
(c) Rhetoric of equality.
(d) The invisible hand of the market.

2. How does the heating system parallel human behavior in Schelling's example?
(a) A trait becomes more and more intense until it expresses itself in heat.
(b) A rising variable alternatively over and under performs.
(c) A vessel carries whatever hot or cold air or water runs through it.
(d) A voice distributes its energy into the environment around it.

3. How does Schelling say the success of society is evaluated?
(a) In the welfare of the least successful individuals.
(b) In the success of the leaders and superior individuals.
(c) In the health and success of individuals.
(d) On the aggregate, not the individual level.

4. What does Schelling say about Christmas cards?
(a) They do not follow any laws of distribution.
(b) There is generally a balance between how many each person receives.
(c) Sometimes they are sent out of guilt.
(d) They make a map of social relations.

5. What does Schelling compare to the process of tracking the circulation of money in an economy?
(a) Water's movement from the ocean to clouds to rivers to the ocean.
(b) The development and use of language.
(c) Rumors circulating.
(d) Musical chairs.

Short Answer Questions

1. What does Schelling say the "tipping" critical-mass model first described?

2. What does Schelling use his lecture to an audience of 800 people to illustrate?

3. How does Schelling describe the system of skiers going up a lift and coming down the trails?

4. What does Schelling say was seeking equilibrium as America's space industry interacted with the Russians'?

5. How does Schelling describe the Golden Gate Bridge?

(see the answer key)

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