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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 social conventions mediate between?
(a) Individual interest and collective purpose.
(b) Desire and restraint.
(c) Violence and the threat of punishment.
(d) Order and chaos.

2. What does Schelling say about human desire?
(a) It is torn between irreconcilable desires for different states.
(b) It seeks mathematically-predictable levels of stability.
(c) It is torn within itself and it is split from its own language.
(d) It changes from childhood to teen years to adulthood.

3. What part of a heating system does Schelling use as a metaphor for human behavior?
(a) A pipe.
(b) A heating fan.
(c) A boiler.
(d) A thermostat.

4. What does Schelling say about a bike owner buying a bike for $90 and selling it for $150?
(a) He says that the exchange is consistent with laws of capitalism.
(b) He says that the exchange replaces a real bicycle with abstract money.
(c) He says that the owner still has to pay overhead, so the exchange is equal.
(d) He says that the owner gains a profit of $60.

5. How does Schelling describe daylight savings time?
(a) As a critical mass.
(b) As a self-fulfilling prophecy.
(c) As a self-displacing prophecy.
(d) As a self-enforcing convention.

Short Answer Questions

1. What does Schelling say is essential to economic analysis?

2. How does Schelling describe the Golden Gate Bridge?

3. What does Schelling say the presence of a small group of black students in a college student body does for any economic propositions about the behavior of that student body?

4. How does Schelling describe a decision such as choosing a seat in a theater?

5. What is the first thing Schelling says a social behavior model can be?

(see the answer key)

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