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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 1: The Grifter Archipelago; or, Why the Tea Party Doesn't Matter.

Multiple Choice Questions

1. With what Tea Party member did Matt Taibbi travel around Nevada in Chapter 1?
(a) James Williams.
(b) Michele Bachmann.
(c) Bill Parsons.
(d) Sarah Palin.

2. What refers to trade in high volumes at prices that are considerably at variance with intrinsic values?
(a) Free-market economics.
(b) Socialism.
(c) Capitalism.
(d) Bubble economy.

3. 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?
(a) Alan Greenspan.
(b) Big government.
(c) Free-market economics.
(d) Capitalism.

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

5. When did Lehman Brothers declare bankruptcy?
(a) September 2009.
(b) October, 2008.
(c) September, 2008.
(d) November, 2007.

Short Answer Questions

1. According to the author, the Tea Party believes that the economy is self-correcting as long as commerce and _______ are separated.

2. In what year was Sarah Palin a candidate for Vice President of the United States?

3. 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?

4. Who was Vice President to Richard Nixon?

5. What refers to a financial market where participants can issue new debt, known as the Primary market, or buy and sell debt securities, known as the Secondary market, usually in the form of bonds?

(see the answer key)

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