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

Multiple Choice Questions

1. The three sections of the Pennsylvania turnpike system total how many miles?
(a) 581.
(b) 532.
(c) 210.
(d) 154.

2. According to the author, state taxes were at a five-year low when oil prices surged to how much a barrel?
(a) $149.
(b) $200.
(c) $140.
(d) $100.

3. What United States Representative said that Obama's health care initiative was a "backroom deal that had nothing to do with the public perception"?
(a) Anderson Cooper.
(b) Dennis Kucinich.
(c) Ted Coppell.
(d) James Edwards.

4. The Prudent Man Rule was last revised in what year?
(a) 1962.
(b) 1950.
(c) 1974.
(d) 1959.

5. When did John McCain marry Carol Shepp?
(a) 1985.
(b) 1948.
(c) 1975.
(d) 1965.

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

7. According to Chapter 4, Goldman-Sachs was the dominant index cornering about how much of the speculation market?
(a) Two-thirds.
(b) One-third.
(c) Three-fourths.
(d) One-half.

8. The Commodity Exchange Act replaced what earlier act from 1922?
(a) The Grain Futures Act.
(b) The Cotton Act.
(c) The Farm Futures Act.
(d) The Farm America Act.

9. Where did Scott Brown earn his law degree?
(a) Harvard Law School.
(b) Columbia School of Law.
(c) Boston College Law School.
(d) Yale University School of Law.

10. The Commodity Exchange Act was established under whose administration?
(a) Dwight Eisenhower.
(b) Franklin D. Roosevelt.
(c) Gerald Ford.
(d) Theodore Roosevelt.

11. When was Nancy Pelosi born?
(a) 1948.
(b) 1949.
(c) 1940.
(d) 1958.

12. What political party is Nancy Pelosi a member of?
(a) Communist.
(b) Republican.
(c) Green.
(d) Democratic.

13. Who had to withdraw from a summer calculus class in San Francisco because he couldn't afford the gas for the commute?
(a) Robert Lukens.
(b) Sam Serenda.
(c) Leroy Marcus.
(d) Peter Carillo.

14. When did the Yom Kippur War end?
(a) September 14, 1975.
(b) October 15, 1972.
(c) November 3, 1973.
(d) October 25, 1973.

15. What occupation did Barack Obama have before earning his law degree?
(a) Community organizer.
(b) High school teacher.
(c) Civic engineer.
(d) College professor.

Short Answer Questions

1. Barack Obama taught constitutional law at what university?

2. During the Yom Kippur War, Syria and Egypt attacked territories Israel had captured in what war?

3. Goldman-Sachs argued that investing in commodities futures would reduce risk and yield __________.

4. Scott Brown succeeded what United States Senator?

5. What does the CFTC stand for?

(see the answer keys)

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