What is the claim Chapter 5 Freakonomics?
This chapter will use economic methods to test the strength of parents’ influence on their children. The authors ask us to consider two hypothetical children, one white, the other black. The white child is raised in Chicago by parents who spend a lot of time with him, reading with him and taking him to museums.
What does Freakonomics say about parenting?
But there still are useful hints here about what matters in parenting. “If you are smart, hard-working, well educated, well paid and married to someone equally fortunate, then your children are more likely to succeed,” write Levitt and Dubner.
What makes a perfect parent?
Mothers and fathers tend to have good intuition and knowledge of their own children. They often know more than they think they do, and they should not be afraid of making mistakes. Children are resilient and forgiving and usually learn and grow through their mistakes. Parents tend to be just as resilient and forgiving.
Why is the California birth certificate data so valuable from the economist’s perspective?
Birth certificates show the name of not only the baby, but the parents. It also shows the zip code which generally shows the economic status of the family. This can show a connection between the naming of children and the neighborhoods they are living in.
What is the concept of Freakonomics?
The study of economics based on the principle of incentives.
Which of the following is not identified by Levitt and Dubner as one of the four meaningful factors that determine the wage rate for a particular job?
Which of the following is not identified by Levitt and Dubner as one of the four meaningful factors that determine the wage rate for a particular job? The prices paid to other factors of production.
How does a moral incentive differ from an economic incentive?
Suggested Answer: A moral incentive appeals to one’s conscience while an economic incentive appeals to one’s financial or economic well being.
What kind of economics is Freakonomics?
modern economics
Freakonomics, written by journalist Stephen J. Dubner and economist Steven D. Levitt, is a book on modern economics that provides key insight into our society as well as clarifying the difference between causation and connectivity, and discussing situations were people have confused the two.