Mr. Stoudt Economics Response Journal “Freakonomics” Chapter 3 – “Why Do Drug Dealers Still Live with Their Moms?” Your response journal should be set up in the following manner o Title of the Chapter at the top of the first page along with Chapter Number o Write out words and definitions. o Each question written out and then answered in numerical order. All responses need to be in complete sentences. Each question may require a different length for its respective response. Give the definition of the following words based on their context in the sentences from Freakonomics Chapter 3. (15 points) 1. quiescent (pg 80) 2. catastrophe (pg 81) 3. diametrically (pg 82) 4. callous (pg 82) 5. indignation (pg 82) 6. aberrationally (pg 84) 7. subordinates (pg 86) 8. unfettered (pg 87) 9. anomaly (pg 89) 10. extortionary (pg 91) 11. aficionados (pg 100) 12. purview (pg 100) 13. cliché (pg 101) 14. anti-racketeering laws (pg 101) 15. exacerbated (pg 104) 9/28/09 Chapter 3 – “Why Do Drug Dealers Still Live with Their Moms?” 1. Define the term “conventional wisdom.” Use an example to illustrate your answer? (10 points) 2. According to Levitt and Dunbar, the organizational structure of the Black Gangster Disciple Nation is extremely similar to that of McDonald’s. Describe the relevant similarities between the two organizations and explain how the organizational structure affects the incentives workers at lower levels face. (10 points) 3. List the four factors which, according to Levitt and Dunbar, determine a wage. In addition, explain the effect each factor has on the wage paid to a particular type of labor. (10 points) 4. Explain why drug dealers still live with their moms according to Levitt. (10 points) 5. Select one or more of the main topics discussed in the Chapter and write a one-page reflection about them. I DO NOT want a summary; I want you to express your opinion and views. Do you agree with Levitt’s reasoning? If so why, if not, why not? Explain yourself. (10 points) 9/28/09