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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 4: Blowout - The Commodities Bubble.

Multiple Choice Questions

1. What was the name of Ayn Rand's circle of intellectuals which was dedicated to relentless self-interest?
(a) "The Collective."
(b) "The Circle."
(c) "The Caravan."
(d) "The Vicious Circle."

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

3. Alongside what Presidential nominee did Sarah Palin run as Vice President of the United States?
(a) George W. Bush.
(b) John McCain.
(c) Barack Obama.
(d) Hillary Clinton.

4. Oil prices spiked to how much a barrel in 2008?
(a) $200.
(b) $110.
(c) $120.
(d) $149.

5. Alan Greenspan recommended the Reagan era increase in Social Security tax, and the rate went from 9.35% to ___________.
(a) 13.9%.
(b) 20.1%.
(c) 12.5%.
(d) 15.3%.

Short Answer Questions

1. For what political party was Sarah Palin the nominee for Vice President of the United States?

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

3. The Tea Party movement is an American populist political movement that has sponsored protests and supported political candidates since what year?

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

5. In 1991, Goldman-Sachs bought up a commodities trading company called ________.

(see the answer key)

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