Chapter 1 - Introduction: Putting the Freak in Economics
|
1.
|
According to LaSheena, what was the worst of the four main streams of income? 20
|
|
  Turning tricks
|
|
|
Roosting
|
|
|
Cutting Hair
|
|
|
Boosting
|
|
|
|
|
2.
|
Between the thirteenth and nineteenth century, as many as 1 million European women, most of them poor and many of them widowed, were executed for witchcraft, taking the blame for bad weather that killed crops. 20
|
|
|
|
|
3.
|
While broadly designed to to prohibit sex discrimination in educational settings, ______ also required high schools and colleges to bring their women's sports programs up to the level of their men's programs. 22
|
|
|
Title VII
|
|
|
Title VIII
|
|
|
Title IX
|
|
|
Title X
|
|
|
|
|
4.
|
The Everleigh prostitutes, known as bumblebee girls, were not only attractive, hygienic, and trustworthy, but also good conversationalists who could cite classical poetry if that's what floated a particular gentleman's boat. 24
|
|
|
|
|
5.
|
Why did even a typical Chicago prostitute one hundred years ago earn so much money? The best answer is that 25
|
|
|
wages are determined in large part by the laws of supply and demand, which are often more powerful than laws made by legislators.
|
|
|
wages are determined in part by the laws of nature, which are often more powerful than laws made by legislators
|
|
|
wages are determined in part by the laws of human greed, which are often more powerful than laws made by legislators
|
|
|
None of the above
|
|
|
|
|
6.
|
Martinelli and Parker, two economists who analyzed the data from Oportunidades welfare applicants attribute to ____________why applicants over reported items like indoor plumbing, running water, a gas stove, and a concrete floor. 28
|
|
|
pride
|
|
|
honesty
|
|
|
embarrassment
|
|
|
None of the above
|
|
|
|
|
7.
|
Most of the trackers for Venkatesh's study were: 28
|
|
|
pimps
|
|
|
brothel owners
|
|
|
former prostitutes
|
|
|
drug pushers
|
|
|
|
|
8.
|
How do Chicago street prostitutes price discriminate? As venkatesh learned, they use different pricing strategies for white and black customers. 35
|
|
|
When dealing with blacks, prostitutes usually name the price outright to discourage negotiation.
|
|
|
When doing business with white customers, prostitutes makes the man name the price, hoping for a generous offer.
|
|
|
Both A and B
|
|
|
None of the above
|
|
|
|
|
9.
|
Venkatesh called the ability to measure the impact of the pimp: 37
|
|
|
plain impact
|
|
|
rimpact
|
|
|
pimpact
|
|
|
None of the above
|
|
|
|
|
10.
|
How much did Alie initially charge her clients per hour? 50
|
|
|
|
|
11.
|
Alie's next career plan after retiring from prostitution was 55
|
|
|
education
|
|
|
real estate
|
|
|
law
|
|
|
medicine
|
|
|
|
|
12.
|
When Alie decided to go back to school, which subject was her chosen field of study? 56
|
|
|
Bioengineering
|
|
|
Economics
|
|
|
Medicine
|
|
|
None of the above
|
|
|
|
|
Chapter 2 - How is a Street Prostitute Like a Department-Store Santa?
|
13.
|
If you know someone in southeastern Uganda who is having a baby next year, you should hope with all your heart that the baby isn't born in _____. 57
|
|
|
|
|
14.
|
Islam follows a lunar calendar, so the month of Ramadan begins eleven days earlier each year. In 2009, it ran from August 21 to September 19, which made ____ 2010 the unluckiest month in which to be born. 58
|
|
|
|
|
15.
|
If you visit the locker room of a world class soccer team early in the calendar year, you are likely to interrupt a _______________ than if you arrive later in the year. 59
|
|
|
team get together
|
|
|
birthday celebration
|
|
|
combination of A and B
|
|
|
None of the above
|
|
|
|
|
16.
|
Year after year, bigger boys are selected, encouraged, and given feedback and playing time, while boys born later in the year eventually fall away. This _____________ ,as it has come to be known, is so strong in many sports that its advantages last all the way to professional ranks. 60
|
|
|
|
|
17.
|
The people who become excellent at a given thing aren't necessarily the same ones who seem to be "gifted" at a young age. This suggests that when it comes to choosing a life path, people should do what they love because if you don't love what you are doing, you are unlikely to work hard enough to get very good at it. 61
|
|
|
|
|
18.
|
Who was the economist who studied biographical data of a typical terrorist? 62
|
|
|
Alan Kruger
|
|
|
William Osler Abott
|
|
|
Winston Moseley
|
|
|
Ignatz Semmelweiss
|
|
|
|
|
19.
|
A similar analysis of __________ suicide bombers by Claude Berrebi found that only 16 percent came from impoverished families, versus more than 30 percent of male Palestinians overall. 62
|
|
|
Jordanian
|
|
|
Egyptian
|
|
|
Syrian
|
|
|
Palestinian
|
|
|
|
|
20.
|
Terrorism is effective because it imposes costs on everyone, not just its direct victims. The most substantial of these indirect costs is fear of ___________, even though such is grossly misplaced. 65
|
|
|
past attack
|
|
|
future attack
|
|
|
combination of A and B
|
|
|
None of the above
|
|
|
|
|
21.
|
The direct costs of the September 11 attacks were massive, but consider the collateral costs as well. In just three months following the attacks, there were one thousand extra traffic deaths in the United States. One contributing factor is that 65
|
|
|
people just got lazy
|
|
|
people stopped flying and drove instead.
|
|
|
people had no time to take a vacation
|
|
|
None of the above
|
|
|
|
|
22.
|
To build a fast, flexible, muscular, encyclopedic system, Feied and Smith turned to their old crush: 72
|
|
|
Php
|
|
|
SugarCRM
|
|
|
Object oriented programming
|
|
|
None of the above
|
|
|
|
|
23.
|
Which company bought the computer system installed by Feied at the Washington Hospital Center? 73
|
|
|
Apple
|
|
|
Dell
|
|
|
Microsoft
|
|
|
None of the above
|
|
|
|
|
24.
|
From Azyxxi, Microsoft called it : 73
|
|
|
Arianna
|
|
|
Angela
|
|
|
Amalga
|
|
|
None of the above
|
|
|
|
|
Chapter 3 - Why Should Suicide Bombers Buy Life Insurance?
|
25.
|
Kitty Genovese's assailant was: 98
|
|
|
Peter Chamberlen
|
|
|
William Osler Abott
|
|
|
Winston Moseley
|
|
|
Ignatz Semmelweiss
|
|
|
|
|
26.
|
In the New York Times article, how many "respectable, law abiding citizens in Queens watched a killer stalk and stab a woman in three separate attacks in Kew Gardens…" 98
|
|
|
|
|
27.
|
By the early 1980's , the Prisoner's Dilemma had inspired a lab game called 108
|
|
|
Ultimatum.
|
|
|
Dictator
|
|
|
Both A and B
|
|
|
None of the above
|
|
|
|
|
28.
|
What was the name of the law which made it illegal " for any person to knowingly acquire, receive, or otherwise transfer any human organ for valuable consideration for use in human transplantation?" 112
|
|
|
National Organ Transplant Association
|
|
|
National Organ Transplant Act
|
|
|
Permitted Organ Transplant Act
|
|
|
None of the above
|
|
|
|
|
29.
|
Who was the godfather of economic lab experiments? 114
|
|
|
Peter Chamberlen
|
|
|
William Osler Abott
|
|
|
Vernon Smith
|
|
|
Ignatz Semmelweiss
|
|
|
|
|
30.
|
What were the "names" of the two opposing players in Dictator? 118
|
|
|
Ebony and Ivory
|
|
|
John and Jane
|
|
|
Bill and Susan
|
|
|
Annika and Zelda
|
|
|
|
|
31.
|
We act as we do because, given the choices and incentives at play in a particular circumstance, it seems most productive to act that way. This is also known as _______________, which is what economics is all about. 122
|
|
|
rational behavior
|
|
|
irrational behavior
|
|
|
combination of A and B
|
|
|
none of the above
|
|
|
|
|
32.
|
It isn't that the Dictator participants didn't behave in context. They did. But the lab context is unavoidably artificial. As one academic researcher wrote more than a century ago, lab experiments have the power to turn a person into a "stupid automaton" who may exhibit a "cheerful willingness to assist the investigator in every possible way by reporting to him those very things which he is most eager to find out." The psychiatrist Martin Orne warned that the lab encouraged what might best be called 123
|
|
|
do what you want cooperation
|
|
|
just do it or you won't get paid cooperation
|
|
|
forced cooperation
|
|
|
none of the above
|
|
|
|
|
33.
|
Most giving is, as economists call it, __________. 123
|
|
|
imperial altruism or warm glow
|
|
|
imperial apathy
|
|
|
both A and B
|
|
|
None of the above
|
|
|
|
|
34.
|
Who wrote the article on Genovese's murder? 126
|
|
|
Ignatz Semmelweiss
|
|
|
Martin Gansberg
|
|
|
Peter Chamberlen
|
|
|
William Osler Abott
|
|
|
|
|
35.
|
Who was only fifteen years old and lived on the Mowbray's second floor, when Genovese was murdered? 129
|
|
|
Michael Hoffman
|
|
|
Ignatz Semmelweiss
|
|
|
William James Mayo
|
|
|
Peter Chamberlen
|
|
|
|
|
36.
|
Hoffman believes that the police response was slow because the situation his father described was not a murder in progress but rather a ___________, which by the looks of it, had concluded. 130
|
|
|
hit and run
|
|
|
murder
|
|
|
mugging
|
|
|
domestic disturbance
|
|
|
|
|
Chapter 4 - Unbelievable Stories about Apathy and Altruism
|
37.
|
Who became assistant to the director of the Vienna General maternity clinic? 134
|
|
|
Ignatz Semmelweiss
|
|
|
William James Mayo
|
|
|
Peter Chamberlen
|
|
|
William Osler Abott
|
|
|
|
|
38.
|
In recent years, Vienna General and other first rate teaching hospitals had become increasingly devoted to understand anatomy. The ultimate teaching tool was: 137
|
|
|
biopsy
|
|
|
autopsy
|
|
|
both A and B
|
|
|
None of the above
|
|
|
|
|
39.
|
The forceps was thought to have been invented by a London obstetrician named 140
|
|
|
William James Mayo
|
|
|
Peter Chamberlen
|
|
|
William Osler Abott
|
|
|
Jonas Salk
|
|
|
|
|
40.
|
By the nineteenth century, which was the most valuable whale product? 142
|
|
|
combs
|
|
|
parasols
|
|
|
whale oil
|
|
|
perfume
|
|
|
|
|
41.
|
By the early twentieth century, most infectious diseases-smallpox,tuberculosis,diphtheria, and the like-were on their way out. But _____ refused to surrender. 143
|
|
|
measles
|
|
|
polio
|
|
|
chicken pox
|
|
|
None of the above
|
|
|
|
|
42.
|
Consider two of the major ways to thwart disease. The first is to invent a procedure or technology that helps fix a problem once its arisen (open-heart surgery, for instance) ; these tend to be very costly. The second is to 144
|
|
|
put up the best medical school to teach and train better doctors
|
|
|
invent a medicine to prevent the problem before it happens; in the long run, these tend to be extraordinarily cheap.
|
|
|
bring it to the attention of local legislators so they can do something about it
|
|
|
None of the above
|
|
|
|
|
43.
|
______________________ is best remembered as the much maligned secretary of defense during the Vietnam war. 146
|
|
|
Robert Strange McNamara
|
|
|
Melvin Robert Laird
|
|
|
Elliot Lee Richardson
|
|
|
James Rodney Schlesinger
|
|
|
|
|
44.
|
Introduced in the 1960's, it was first embraced by only the most vigilant parents. 150
|
|
|
tv remote
|
|
|
nannies
|
|
|
seat belt
|
|
|
child safety seat
|
|
|
|
|
Chapter 5 - The Fix is In-and It's Cheap and Simple
|
45.
|
________ are wicked polluters. Their exhalation and flatulence and belching and manure emit methane, which by one common measure is twenty five times more potent as a greenhouse gas than the carbon dioxide released by cars. 167
|
|
|
Birds
|
|
|
Ruminants
|
|
|
Snakes
|
|
|
None of the above
|
|
|
|
|
46.
|
What's an externality? 171
|
|
|
It's what happens when someone takes an action but someone else, agreeing, pays some or all of the costs of that action.
|
|
|
It's what happens when someone takes an action but someone else, without agreeing, pays some or all of the costs of that action.
|
|
|
It's what happens when someone takes an action but someone else, without agreeing, pays none of the costs of that action.
|
|
|
None of the above
|
|
|
|
|
47.
|
A _________ is a small radio transmitter, not much larger than a deck of cards, hidden somewhere or beneath the car where a thief can't see it. But if a car is stolen, the police can remotely activate the transmitter and follow its signal straight to the car. 174
|
|
|
Club
|
|
|
Spade
|
|
|
LoJack
|
|
|
Sound alarm
|
|
|
|
|
48.
|
Which volcano, located in the Philippines, erupted on June 15, 1991? 175
|
|
|
Mayon
|
|
|
Hibok-hibok
|
|
|
Apo
|
|
|
Pinatubo
|
|
|
|
|
49.
|
____________ is one of the most unusual laboratories in the world. There are lathes, and mold makers and 3D printers and many powerful computer, of course, but there is also an insectary where mosquitoes bred so they can be placed in an empty fish tank, and from more than a hundred feet away, assassinated by laser. 177
|
|
|
Intellectual Ventures
|
|
|
Experimental Ventures
|
|
|
Silly Ventures
|
|
|
Daredevil Ventures
|
|
|
|
|
50.
|
Nathan Myhrvold co-founded IV in 2000 with __________, a biophysicist who was Microsoft's chief software architect. 178
|
|
|
Edward Jung
|
|
|
Bill Gates
|
|
|
Both A and B
|
|
|
None of the above
|
|
|
|
|
51.
|
What distinguishes a big ass volcano isn't just how much stuff it ejaculates, but 189
|
|
|
where the ejaculate goes
|
|
|
when the ejaculate goes
|
|
|
how the ejaculate goes
|
|
|
what the ejaculate does
|
|
|
|
|
52.
|
So once you eliminate the moralism and angst, the task of reversing global warming boils down to a straightforward engineering problem: how to get thirty-four gallons per minute of sulfur dioxide into the stratosphere? This project was known as 193
|
|
|
sprinkler in the sky
|
|
|
cloud shower
|
|
|
artificial rain in the sky
|
|
|
a garden hose to the sky
|
|
|
|
|
53.
|
What do Al Gore and Mount Pinatubo have in common? 196
|
|
|
Gore and Pinatubo both suggest a way to heal the planet, albeit with methods whose cost effectiveness are a universe apart.
|
|
|
Gore and Pinatubo both suggest a way to cool the planet, albeit with methods whose cost effectiveness are a universe apart.
|
|
|
Gore and Pinatubo both suggest a way to heat the planet, albeit with methods whose cost effectiveness are a universe apart.
|
|
|
Gore and Pinatubo both suggest a way to freeze the planet, albeit with methods whose cost effectiveness are a universe apart.
|
|
|
|
|
54.
|
When a doctor fails to wash his hands, his own life isn't the one that is primarily endangered. It is the next patient he treats, the one with the open wound or the compromised immune system. 207
|
|
|
|
|
Chapter 6 - What do Al Gore and Mount Pinatubo have in Common?
|
55.
|
Chen's monkey of choice was the 212
|
|
|
chimpanzee
|
|
|
gorilla
|
|
|
orangutan
|
|
|
capuchin
|
|
|
|
|
56.
|
How many monkeys were involved in Chen's experiment? 212
|
|
|
|
|
57.
|
Chen's experiment proved that the most basic law of economics- that the demand curve slopes upward-held for monkeys and humans as well. 213
|
|
|
|
|
58.
|
Once the monkeys figured out that the two grape researcher sometimes withheld the second grape and the one grape researcher sometimes added a bonus grape, the monkeys strongly preferred the one grape researcher. A rational monkey would have cared, but irrational monkeys suffered from what psychologists call ________. They behave as if the pain from losing a grape was greater than the pleasure from gaining one. 213
|
|
|
plain aversion
|
|
|
gain aversion
|
|
|
loss aversion
|
|
|
None of the above
|
|
|
|
|
59.
|
Chen witnessed an instance of prostitution on his monkey experiments. 215
|
|
|
|
|
60.
|
After the monkeys staged a bank heist followed by a jailbreak, and when Chen and the other researchers went inside to get the coins, the monkeys wouldn't give them up. After all they learned that coins had value. So the humans resorted to bribing the capuchins with treats. This taught the monkeys another valuable lesson: 215
|
|
|
crime doesn't pay
|
|
|
crime pays
|
|
|
next time don't get caught
|
|
|
None of the above
|
|
|
|
|
Chapter 7 - Epilogue: Monkeys are People Too
|
Chapter 8 - Acknowledgments
|
Chapter 9 - Notes
|
Chapter 10 - Index
|
|
|
|
|
|
|
|
|
