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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. In what year did President Nixon decide to rearm the Israelis, angering the oil-producing Arab states?
(a) 1945.
(b) 1973.
(c) 1977.
(d) 1978.

2. From what university did Henry Kissinger earn his A.M. and Ph.D. degrees?
(a) Yale University.
(b) Princeton University.
(c) Harvard University.
(d) Tufts University.

3. The author was astonished to learn that a port in what state was on the block for sale?
(a) Virginia.
(b) California.
(c) Maine.
(d) New York.

4. What does the CFTC stand for?
(a) The Congressional Finance Trust Commission.
(b) The Capitalist Futures Commission.
(c) The Community Finance Trading Commission.
(d) The Commodity Futures Trading Commission.

5. In what year was Congress warned in testimony before the House Foreign Affairs Committee about a new world economic order?
(a) 2004.
(b) 2009.
(c) 2008.
(d) 2010.

6. Scott Brown succeeded what United States Senator?
(a) Ted Kennedy.
(b) Hillary Clinton.
(c) James Edwards.
(d) Robert Kennedy.

7. Where was Barack Obama born?
(a) Chicago, Illinois.
(b) Bern, Switzerland.
(c) New York, New York.
(d) Honolulu, Hawaii.

8. When was Barack Obama born?
(a) 1961.
(b) 1948.
(c) 1975.
(d) 1967.

9. To what political party does Scott Brown belong?
(a) Green.
(b) Democrat.
(c) Republican.
(d) Independent.

10. Since the United States does not have a single-payer health care system, there are over how many health agencies, all of which have different forms and standards?
(a) 1,500.
(b) 1,000.
(c) 1,300.
(d) 2,000.

11. The three sections of the Pennsylvania turnpike system total how many miles?
(a) 532.
(b) 581.
(c) 210.
(d) 154.

12. According to the author in Chapter 4: Blowout - The Commodities Bubble, speculators took over the commodities market and by 2008, what percent of commodity exchanges was speculative?
(a) 50.
(b) 25.
(c) 80.
(d) 70.

13. During the Yom Kippur War, Syria and Egypt attacked territories Israel had captured in what war?
(a) The Syrian War.
(b) The Seven-Day War.
(c) World War II.
(d) The Six-Day War.

14. The CFTC was created in what year?
(a) 1958.
(b) 1994.
(c) 1974.
(d) 1986.

15. In 1991, Goldman-Sachs bought up a commodities trading company called ________.
(a) Wachovia.
(b) J. Aron.
(c) Solomon Edwards.
(d) Chase Bank.

Short Answer Questions

1. The Prudent Man Rule is based on common law stemming from what Massachusetts court decision?

2. Where did Scott Brown earn his law degree?

3. Where was John McCain born?

4. Who negotiated an Israel withdrawal from the Sinai peninsula as well as an end to the oil embargo by OPEC?

5. When was the Uniform Prudent Investor Act enacted?

(see the answer keys)

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