View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 7: The Great American Bubble Machine.

Multiple Choice Questions

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

2. In 2008, what 24-year-old of San Bernardino, CA, quit school because she suddenly couldn't afford the gas that it took for the daily trip?
(a) Priscilla Carillo.
(b) Sam Serenda.
(c) Robert Lukens.
(d) Leroy Marcus.

3. When did the Great Crash take place on Wall Street, leading to the Great Depression?
(a) September, 1945.
(b) November, 1912.
(c) October, 1929.
(d) October, 1960.

4. After the Internet bubble burst, Goldman-Sachs went on to __________, where they were one of the big players, according to the author.
(a) The Treasury market.
(b) The dot-com bubble.
(c) The static bonds market.
(d) The housing market bubble.

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

Short Answer Questions

1. In what year did President Nixon decide to rearm the Israelis, angering the oil-producing Arab states?

2. When was Ayn Rand born?

3. What is a private, actively managed investment fund that utilizes sophisticated strategies in international and/or domestic markets, offsets losses during a market downturn, and/or generates returns higher than traditional stock and bond investments?

4. Nancy Pelosi is the Minority Leader of ______________.

5. In Chapter 3, what process in which loans are split up and sold off to secondary investors as securities was used by banks?

(see the answer key)

This section contains 253 words (approx. 1 page at 300 words per page) View a FREE sample