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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 2: The Biggest Asshole in the Universe.

Multiple Choice Questions

1. According to the author, what philosophy translates to "My facts are facts and your facts are not facts"?
(a) "Objective reality."
(b) "Consumerism."
(c) "Capitalism."
(d) "Republican realism."

2. For what magazine was Matt Taibbi working as a reporter when he describes having listened to the acceptance speech of Sarah Palin in Chapter 1?
(a) Men's Journal.
(b) Wall Street Journal.
(c) The New Yorker.
(d) Rolling Stone.

3. In Chapter 1, there was exhaustion because the campaign had been how long?
(a) 18 months.
(b) 6 months.
(c) 8 months.
(d) 12 months.

4. The fundamental belief of what philosophy is that self-interest is a normal human state and interventionism by the government is unnatural and evil?
(a) Objectivism.
(b) Pluralism.
(c) Absurdism.
(d) Subjectivism.

5. The Bear Stearns Companies, Inc. was based in what US city?
(a) Seattle.
(b) Chicago.
(c) New York.
(d) Los Angeles.

Short Answer Questions

1. What refers to a market for securities (debt or equity), where business enterprises and governments can raise long-term funds?

2. What refers to a financial market where participants can issue new debt, known as the Primary market, or buy and sell debt securities, known as the Secondary market, usually in the form of bonds?

3. Before declaring bankruptcy, Lehman Brothers Holdings Inc. was ranked as the _________ largest investment bank in the United States.

4. What was the name of Ayn Rand's circle of intellectuals which was dedicated to relentless self-interest?

5. Of what political party was Ronald Reagan a member?

(see the answer key)

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