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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 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) Plurocracy.
(b) Technocracy.
(c) Socialist democracy.
(d) Democracy.

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

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

4. Eljon Williams learned that the firm which helped him obtain a mortgage had gotten a commission of how much money?
(a) $12,000.
(b) $5,000.
(c) $8,000.
(d) $10,000.

5. According to the author, in his years of power, Alan Greenspan was able to turn the Federal Reserve into what?
(a) A bail-out mechanism for the ultra-rich.
(b) An establishment for the poor.
(c) A Socialist mechanism.
(d) A place of integrity and fairness.

Short Answer Questions

1. In 2008, what 24-year-old of San Bernardino, CA, quit school because she suddenly couldn't afford the gas that it took for the daily trip?

2. In 2002, less than how much worth of subprime loans was approved?

3. Oil prices spiked to how much a barrel in 2008?

4. Who is the protagonist of Atlas Shrugged?

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

(see the answer key)

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