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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. From 1948 to 1953, Alan Greenspan worked as an economic analyst at what business and industry oriented think-tank in New York City?
(a) The Democratic Board of Industry.
(b) The National Industrial Conference Board.
(c) The Republican Commission for Wealth.
(d) The Federal Reserve.

2. The protagonist of The Fountainhead is in what profession?
(a) Architect.
(b) Doctor.
(c) Engineer.
(d) Banker.

3. In Atlas Shrugged, a group of men break off on their own and form __________.
(a) A Communist society.
(b) A Socialist society.
(c) A dystopian society.
(d) A free-market society.

4. The Bear Stearns Companies, Inc. was based in what US city?
(a) Los Angeles.
(b) New York.
(c) Seattle.
(d) Chicago.

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

Short Answer Questions

1. 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?

2. Of what descent was Alan Greenspan's father?

3. When did Lehman Brothers declare bankruptcy?

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

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

(see the answer key)

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