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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. What refers to a market for securities (debt or equity), where business enterprises and governments can raise long-term funds?
(a) Derivatives market.
(b) Subsidy market.
(c) Capital market.
(d) Bond market.

2. What refers to an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities?
(a) Bond market.
(b) Federal Reserve.
(c) Treasury market.
(d) Stock exchange.

3. What refers to a form of government in which engineers, scientists, health professionals, and other technical experts are in control of decision making in their respective fields?
(a) Technocracy.
(b) Democracy.
(c) Plurocracy.
(d) Socialist democracy.

4. In Atlas Shrugged, a group of men break off on their own and form __________.
(a) A Communist society.
(b) A Socialist society.
(c) A dystopian society.
(d) A free-market society.

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

Short Answer Questions

1. According to the author, the top one percent of Americans own almost what percent of the wealth?

2. According to the author, in his years of power, Alan Greenspan was able to turn the Federal Reserve into what?

3. Where did Alan Greenspan earn a B.S. degree in economics summa cum laude?

4. With what Tea Party member did Matt Taibbi travel around Nevada in Chapter 1?

5. When did Alan Greenspan earn his doctorate in economics?

(see the answer key)

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