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

2. What refers to a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation?
(a) Subsidized market.
(b) Unsubsidized loans.
(c) Ponzi scheme.
(d) Derivitaves market.

3. When was The Fountainhead published?
(a) 1967.
(b) 1941.
(c) 1943.
(d) 1954.

4. For what magazine was Matt Taibbi working as a reporter when he describes having listened to the acceptance speech of Sarah Palin in Chapter 1?
(a) Rolling Stone.
(b) Men's Journal.
(c) The New Yorker.
(d) Wall Street Journal.

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

Short Answer Questions

1. Who was Vice President to Richard Nixon?

2. What refers to trade in high volumes at prices that are considerably at variance with intrinsic values?

3. In what year did Alan Greenspan tell Congress that the risk involved in derivatives was "negligible"?

4. What refers to a market for securities (debt or equity), where business enterprises and governments can raise long-term funds?

5. With what Tea Party member did Matt Taibbi travel around Nevada in Chapter 1?

(see the answer key)

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