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

2. What does Schelling say individuals react to?
(a) Their own stimuli.
(b) The desire of the mass.
(c) The fear of the mass.
(d) The collective unconscious.

3. Why can the Golden Gate Bridge charge a double toll for traffic in one direction without fear of being unfair?
(a) Because the traffic reverses direction at the end of every day.
(b) Because tolls are designed to repair social inequality.
(c) Because even one-way drivers will return one day.
(d) Because people coming south have more money than people in the city.

4. What does Schelling say most people will say about their driving?
(a) They are charismatic.
(b) They are average.
(c) They are better than average.
(d) They are unique.

5. What does Schelling say a proposition has to have in order to be true?
(a) It has to be fair and balanced.
(b) It has to be mathematically grounded.
(c) It has to be able to be translated into an equation.
(d) It has to be inclusive and correct.

Short Answer Questions

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

2. What does Schelling say about balance in individual cases?

3. What is the second thing Schelling says a social behavior model can be?

4. 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?

5. When does Schelling say social behavior can be considered a critical mass?

(see the answer key)

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