View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 2: The Inescapable Mathematics of Musical Chairs.

Multiple Choice Questions

1. What does Schelling call the myriad of potential results?
(a) Randomness.
(b) Irrational exuberance.
(c) Chaos.
(d) Exhaustive subdivision.

2. 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) Musical chairs.
(c) The development and use of language.
(d) Rumors circulating.

3. Which example does Schelling say complicates the prospect of arriving at a definitive proposition?
(a) A business with a number of different product lines.
(b) A commodity whose price is volatile.
(c) A college with an unequal distribution of male and female students.
(d) A population spread out over a wide geographical area.

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

5. To what does Schelling compare a sociologist?
(a) A musician.
(b) A mathematician.
(c) A forest ranger.
(d) A naturalist.

Short Answer Questions

1. How do people affect each other's decisions where to sit in theater?

2. What additional explanation does Schelling offer for seat selection?

3. In Schelling's analysis, what behavior governs the people filling the theater?

4. What ingrained behavior does Schelling say informs the decision where to sit in a theater?

5. What example from nature does Schelling contrapose to human decisions?

(see the answer key)

This section contains 296 words (approx. 1 page at 300 words per page) View a FREE sample