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

Multiple Choice Questions

1. When was Barack Obama named the Nobel Peace Prize laureate?
(a) September, 2009.
(b) October, 2009.
(c) November, 2009.
(d) October, 2008.

2. The CFTC was created in what year?
(a) 1994.
(b) 1958.
(c) 1974.
(d) 1986.

3. In what year did President Nixon decide to rearm the Israelis, angering the oil-producing Arab states?
(a) 1978.
(b) 1977.
(c) 1945.
(d) 1973.

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

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

6. According to the author, __________ and other investment banks were responsible for driving up the price of oil through the commodities speculation market.
(a) Wachovia.
(b) Bank of America.
(c) Goldman-Sachs.
(d) Deutche Bank.

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

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

9. 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) Leroy Marcus.
(b) Priscilla Carillo.
(c) Sam Serenda.
(d) Robert Lukens.

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

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

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

13. When was Henry Kissinger born?
(a) 1945.
(b) 1911.
(c) 1929.
(d) 1923.

14. What refers to the partial or complete prohibition of commerce and trade with a particular country, in order to isolate it?
(a) Embargo.
(b) Emigration.
(c) Observationalism.
(d) Contextualism.

15. From what university did Henry Kissinger earn his A.M. and Ph.D. degrees?
(a) Tufts University.
(b) Harvard University.
(c) Princeton University.
(d) Yale University.

Short Answer Questions

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

2. When did the Yom Kippur War end?

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

4. Who negotiated an Israel withdrawal from the Sinai peninsula as well as an end to the oil embargo by OPEC?

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?

(see the answer keys)

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