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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 6: The Trillion-dollar Band-Aid - Health Care Refor.

Multiple Choice Questions

1. What refers to the part of the economy which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state?
(a) Education system.
(b) Stock market.
(c) Public sector.
(d) Private sector.

2. When was John McCain born?
(a) 1948.
(b) 1942.
(c) 1936.
(d) 1911.

3. Where was John McCain born?
(a) Little Rock, AR.
(b) Akron, OH.
(c) Coco Solo.
(d) Honolulu, HI.

4. Who is the protagonist of The Fountainhead?
(a) John Gatsby.
(b) Sarah Anderson.
(c) Dagny Taggart.
(d) Howard Roark.

5. According to the author, the top one percent of Americans own almost what percent of the wealth?
(a) 20.
(b) 60.
(c) 40.
(d) 30.

Short Answer Questions

1. Alan Greenspan recommended the Reagan era increase in Social Security tax, and the rate went from 9.35% to ___________.

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. What are created when banks split their mortgage loan payments into three levels and sell them in separate packages?

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

5. In what year was Congress warned in testimony before the House Foreign Affairs Committee about a new world economic order?

(see the answer key)

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