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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

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

2. Eljon Williams had what profession?
(a) Sanitation worker.
(b) Banker.
(c) Pianist.
(d) Sheriff's deputy.

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

4. When was Atlas Shrugged published?
(a) 1940.
(b) 1948.
(c) 1968.
(d) 1957.

5. Who was Vice President to Richard Nixon?
(a) Spiro Agnew.
(b) Lyndon Johnson.
(c) Ronald Reagan.
(d) George H. Bush.

6. Alan Greenspan was born in what area of New York City?
(a) Astoria, Queens.
(b) Greenwich Village.
(c) Washington Heights.
(d) The Upper East Side.

7. What refers to the idea of a society in a repressive and controlled state, often under the guise of being Utopian?
(a) Socialism.
(b) Dystopia.
(c) Democracy.
(d) Communism.

8. AIG was listed on the Dow Jones Industrial Average from _________ to September 22, 2008.
(a) August 5, 2003.
(b) April 8, 2004.
(c) March 12, 2008.
(d) September 19, 2005.

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

10. Alan Greenspan recommended the Reagan era increase in Social Security tax, and the rate went from 9.35% to ___________.
(a) 20.1%.
(b) 15.3%.
(c) 13.9%.
(d) 12.5%.

11. By 2005, there was over how much money in subprime loans approved?
(a) $800 billion.
(b) $600 billion.
(c) $500 billion.
(d) $300 million.

12. What do T-Bills refer to?
(a) Treasury bills.
(b) Tendered bills.
(c) Tranche bills.
(d) Trade bills.

13. 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 Republican Commission for Wealth.
(b) The Democratic Board of Industry.
(c) The Federal Reserve.
(d) The National Industrial Conference Board.

14. What was the name of Ayn Rand's circle of intellectuals which was dedicated to relentless self-interest?
(a) "The Vicious Circle."
(b) "The Circle."
(c) "The Collective."
(d) "The Caravan."

15. Who is the protagonist of Atlas Shrugged?
(a) Michael Williams.
(b) Howard Roark.
(c) Dagny Taggart.
(d) James Edwards.

Short Answer Questions

1. Who appointed Alan Greenspan as the Federal Reserve chairman?

2. The investment bank division of Deutsche Bank is head-quartered where?

3. Where did Alan Greenspan study clarinet from 1943 to 1944?

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

5. When was Ayn Rand born?

(see the answer keys)

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