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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 6: The Trillion-dollar Band-Aid - Health Care Refor.

Multiple Choice Questions

1. What is an independent self-regulatory organization and watchdog of the commodities and futures industry in the United States?
(a) The Congressional Finance Commission.
(b) The National Futures Association.
(c) The Farm Futures Commission.
(d) The Wikileaks Watchdog Corporation.

2. According to Chapter 4, Goldman-Sachs was the dominant index cornering about how much of the speculation market?
(a) Two-thirds.
(b) Three-fourths.
(c) One-half.
(d) One-third.

3. In what year did Alan Greenspan earn his M.A. degree in economics?
(a) 1954.
(b) 1965.
(c) 1970.
(d) 1950.

4. During which President's administration did the head of the Commodity Futures Trading Commission allow Wall Street speculation to be recognized as "bona fide hedging"?
(a) Bill Clinton.
(b) George W. Bush.
(c) Barack Obama.
(d) George H. Bush.

5. When was John McCain born?
(a) 1948.
(b) 1911.
(c) 1936.
(d) 1942.

Short Answer Questions

1. The protagonist of The Fountainhead is in what profession?

2. Where was Robert Lukens being hit with gas expenses that were suddenly doubling, as described in Chapter 4?

3. 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?

4. What candidate did Scott Brown face in the 2010 special election?

5. What refers to the idea of a society in a repressive and controlled state, often under the guise of being Utopian?

(see the answer key)

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