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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. The fundamental belief of what philosophy is that self-interest is a normal human state and interventionism by the government is unnatural and evil?
(a) Absurdism.
(b) Subjectivism.
(c) Pluralism.
(d) Objectivism.

2. During his economic studies, Alan Greenspan worked under Eugene Banks, a managing director at what Wall Street investment bank?
(a) Brown Brothers Harriman.
(b) Solomon Edwards.
(c) Simon & Schuster.
(d) Deutche Bank.

3. Where was Ayn Rand born?
(a) New Brunswick, Canada.
(b) Saint Petersburg, Russia.
(c) New York, New York.
(d) Alberta, Canada.

4. Alan Greenspan was born in what area of New York City?
(a) Greenwich Village.
(b) Astoria, Queens.
(c) Washington Heights.
(d) The Upper East Side.

5. 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) 80.
(b) 25.
(c) 50.
(d) 70.

Short Answer Questions

1. In what year did Alan Greenspan earn his M.A. degree in economics?

2. What do T-Bills refer to?

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

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

5. According to the author, the Tea Party distracts its followers from the real villains of Wall Street by convincing itself that what is the enemy?

(see the answer key)

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