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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3.

Multiple Choice Questions

1. How long did JT run the Black Gangster Disciple Nation before being promoted to the Board of Directors?
(a) 6.
(b) 14.
(c) 4.
(d) 12.

2. In New York City, what did analysts credit with the precipitous drop in violent crime?
(a) Community development.
(b) Number cooking.
(c) Innovative policing.
(d) After-school programs.

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

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

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

Short Answer Questions

1. Which of the following is an action that Gyges undertakes in the story that ends Chapter 1?

2. Which of the following real estate terms indicates that a home buyer should bid high?

3. Informational asymmetry indicates the use of information for what?

4. Which of the following is not a group persecuted by the Klan in the twentieth century?

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

(see the answer key)

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