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

Multiple Choice Questions

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

2. In Chapter 5, the author was astonished to learn that all the parking meters in what city were on the block for sale?
(a) Sacramento.
(b) Chicago.
(c) New Orleans.
(d) New York.

3. When was Scott Brown born?
(a) 1964.
(b) 1940.
(c) 1959.
(d) 1948.

4. Kissinger served as National Security Advisor and Secretary of State under which President?
(a) Bill Clinton.
(b) Franklin D. Roosevelt.
(c) Richard Nixon.
(d) George W. Bush.

5. What refers to politics or diplomacy based primarily on power and on practical and material factors and considerations, rather than ideological notions or moralistic or ethical premises?
(a) Conservatism.
(b) Capitalism.
(c) Realpolitik.
(d) Objectivism.

6. In December 2008, Chicago Mayor Richard Daley announced that he had leased out the city's parking meters for over ____________.
(a) $2 billion.
(b) $150 million.
(c) $1 billion.
(d) $200 million.

7. Scott Brown succeeded what United States Senator?
(a) Hillary Clinton.
(b) Robert Kennedy.
(c) James Edwards.
(d) Ted Kennedy.

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

9. Where was Henry Kissinger born?
(a) Germany.
(b) England.
(c) France.
(d) Israel.

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

11. Goldman-Sachs argued that investing in commodities futures would reduce risk and yield __________.
(a) Derivatives.
(b) Speculative returns.
(c) T-bill returns.
(d) Equity-like returns.

12. What, according to the author, had been designed as a massive political deal with big giveaways to pharmaceutical companies in the form of subsidies and a big gift to the insurance industry in the form of the individual mandate?
(a) The Congressional Committee for Health Reform.
(b) The Congressional Committee for Finance.
(c) Obamacare.
(d) Capitalism.

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

14. What does OPEC stand for?
(a) The Organization of the Petroleum Exporting Countries.
(b) The Organization of Petroleum Energy Corporations.
(c) The Organization of Pacific Executive Countries.
(d) The Organization of Phonetic Electrical Companies.

15. When was Barack Obama born?
(a) 1967.
(b) 1975.
(c) 1948.
(d) 1961.

Short Answer Questions

1. A new investment vehicle called index speculation was comprised of two main indices which were the Goldman-Sachs Commodity Index and ____________.

2. Barack Obama led a close campaign in the 2008 Democratic Party presidential primaries against whom?

3. In 1991, Goldman-Sachs bought up a commodities trading company called ________.

4. What United States Representative said that Obama's health care initiative was a "backroom deal that had nothing to do with the public perception"?

5. According to the author, the correlation between decreasing taxes and rising prices from ________ should not go unnoticed.

(see the answer keys)

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