QUIZ

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1. Default Section

1. What are we doing when we shop?

What are we doing when we shop?

2. What information do we NOT convey to the market when we purchase something?

What information do we NOT convey to the market when we purchase something?

3. Describe the kind of person Tullock would recommend you do business with.

Describe the kind of person Tullock would recommend you do business with.

4. What would Tullock think we should do on ebay if there were not a “feedback” system?

What would Tullock think we should do on ebay if there were not a “feedback” system?

5. Is Smith’s account of self-interest incompatible with game theory?

Is Smith’s account of self-interest incompatible with game theory?

6. Before Tullock, people argued that if game theory were right, then the strategy we should use in business is “tit for tat.” Why would this strategy be anti-Adam Smith?

Before Tullock, people argued that if game theory were right, then the strategy we should use in business is “tit for tat.” Why would this strategy be anti-Adam Smith?

7. How can I be hurt because some politician sets prices for haircuts?

How can I be hurt because some politician sets prices for haircuts?

8. Would Hayek think subsidies for first world farmers could hurt poorer farmers in the markets in which these subsidized crops are sold?

Would Hayek think subsidies for first world farmers could hurt poorer farmers in the markets in which these subsidized crops are sold?

9. What is your name? Did you have a nice fall break?

What is your name? Did you have a nice fall break?