View a FREE sample

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. What refers to a market for securities (debt or equity), where business enterprises and governments can raise long-term funds?
(a) Subsidy market.
(b) Derivatives market.
(c) Capital market.
(d) Bond market.

2. The Tea Party got its name from what CNBC economic analyst?
(a) John Anderson.
(b) Ted Coppell.
(c) Rick Santelli.
(d) Anderson Cooper.

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

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

5. What refers to a public entity for the trading of company stock and derivatives at an agreed price?
(a) Treasury market.
(b) Bond market.
(c) Stock market.
(d) Capital market.

Short Answer Questions

1. Richard Nixon had capitalized on the "forgotten Americans." The push to gain these voters was known as________.

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?

3. Where did Matt Taibbi hear Sarah Palin's acceptance speech in Chapter 1?

4. Of what political party was Ronald Reagan a member?

5. 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?

(see the answer key)

This section contains 277 words (approx. 1 page at 300 words per page) View a FREE sample