Freakonomics Questions

Chapter 1 What Do Schoolt all(prenominal)ers and Sumo Wrestlers Have in Common? I.multiple-choice Questions 1.Which of the undermentioned statements best captures the essence of economical analysis? a)No pain, no gain. b)Everything has a price. c)Incentives matter. d)Scarcity is only relative. specify retort: C 2.Which of the pursuance is not an drill of an economic inducement? a)A factory is required to kick in a fine for individually unit of pollution it produces in excess of the legal limit. b)A tax is imposed on each bottle of french wine imported into the country. c)A jewelry salesman is stipendiary on commission. d)Posting the pictures of convicted prostitutes on the Internet. constitute Answer: D 3.According to the compositors case in the text, when a fiscal fine was imposed for make out up ones child lately at a day care center, the number of late pickups unfeignedly rose. Which of the following correctly explains this behavior? a )The monetary fine was less(prenominal) than the incorrupt comprise the tardy parent incurred when there was no fine. b)The monetary cost of the fine was great than the opportunity cost of creation on magazine. c)The marginal benefit from being on judgment of conviction exceeded the marginal cost. d)The marginal cost of being late was zero. Correct Answer: A 4.

In which of the following situations would a moral incentive more(prenominal) likely be effective than a modest economic incentive? a)Someone is considering letting the time on a parking meter expire. b)A pol is considering having an illicit affair. c)An employee is considering embezzling a small number of money from the buns where she works. d)Someone i! s considering driving succession under the influence of alcohol. Correct Answer: B 5.Which of the following explains why people are willing to give more blood when there is only a moral incentive than when they are offered a small amount of cash (an economic incentive)? a)The value of the moral incentive (praise for their kind-hearted act) is greater than the...If you want to rule a full essay, order it on our website: OrderEssay.net

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