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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

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

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

3. What United States Representative said that Obama's health care initiative was a "backroom deal that had nothing to do with the public perception"?
(a) Dennis Kucinich.
(b) Anderson Cooper.
(c) James Edwards.
(d) Ted Coppell.

4. When was Barack Obama inaugurated as President of the United States?
(a) September 20, 2008.
(b) November 15, 2008.
(c) January, 1, 2009.
(d) January 20, 2009.

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

Short Answer Questions

1. What political party is Nancy Pelosi a member of?

2. In what year did President Nixon decide to rearm the Israelis, angering the oil-producing Arab states?

3. Barack Obama taught constitutional law at what university?

4. What do SWFs refer to?

5. In December 2008, Chicago Mayor Richard Daley announced that he had leased out the city's parking meters for over ____________.

Short Essay Questions

1. What is the commodities market and how has it affected American finance?

2. What changed the regulation for trust funds and pension funds, as described in Chapter 4?

3. How does Taibbi describe the design of Obamacare?

4. What scenarios does the author describe for Priscilla Carillo and Robert Lukas in Chapter 4?

5. According to the author, what actually caused the surge in oil prices?

6. How did the SWFs present a danger to the economy, as discussed in Chapter 5: The Outsourced Highway - Wealth Funds? When was Congress warned about the issue?

7. What did the news media and politicians attempt to blame the surge in oil prices on in Chapter 4?

8. How does Taibbi conclude Chapter 4? What does the author remark regarding the motivations of the wealthy?

9. Where is most of the money in the American health care system tied up?

10. When did Richard Daley lease Chicago's parking meters? For how much money were they leased, as described in Chapter 5?

(see the answer keys)

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