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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 2: The Biggest Asshole in the Universe.

Multiple Choice Questions

1. According to the author, the top one percent of Americans own almost what percent of the wealth?
(a) 40.
(b) 20.
(c) 60.
(d) 30.

2. According to the author, the Tea Party believes that the economy is self-correcting as long as commerce and _______ are separated.
(a) Business.
(b) Government.
(c) Socialism.
(d) Derivatives.

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

4. When was Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History published?
(a) December, 2009.
(b) September, 2011.
(c) September, 2008.
(d) October, 2009.

5. In what year did Alan Greenspan tell Congress that the risk involved in derivatives was "negligible"?
(a) 1987.
(b) 1982.
(c) 1990.
(d) 1994.

Short Answer Questions

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

2. Who was Vice President to Richard Nixon?

3. What refers to the part of the capital markets that deals with the issuance of new securities?

4. When was Ronald Reagan born?

5. The Tea Party got its name from what CNBC economic analyst?

(see the answer key)

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