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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3: Hot Potato, The Great American Mortgage Scam.

Multiple Choice Questions

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

2. For what political party was Sarah Palin the nominee for Vice President of the United States?
(a) Democrat.
(b) Republican.
(c) Tea Party.
(d) Green Party.

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

4. The Tea Party movement is an American populist political movement that has sponsored protests and supported political candidates since what year?
(a) 2008.
(b) 2009.
(c) 2010.
(d) 2008.

5. During his economic studies, Alan Greenspan worked under Eugene Banks, a managing director at what Wall Street investment bank?
(a) Simon & Schuster.
(b) Brown Brothers Harriman.
(c) Deutche Bank.
(d) Solomon Edwards.

Short Answer Questions

1. Alongside what Presidential nominee did Sarah Palin run as Vice President of the United States?

2. Alan Greenspan was born in what area of New York City?

3. What was the name of Ayn Rand's circle of intellectuals which was dedicated to relentless self-interest?

4. Ronald Reagan was the thirty-third governor of what state?

5. Eljon Williams learned that the firm which helped him obtain a mortgage had gotten a commission of how much money?

(see the answer key)

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