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

Multiple Choice Questions

1. Since the United States does not have a single-payer health care system, there are over how many health agencies, all of which have different forms and standards?
(a) 1,500.
(b) 1,300.
(c) 1,000.
(d) 2,000.

2. According to the author, the correlation between decreasing taxes and rising prices from ________ should not go unnoticed.
(a) The commodities bubble.
(b) The rise of Socialism.
(c) The derivatives market.
(d) The services bubble.

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

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

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

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

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

8. OPEC is an intergovernmental organization of how many developing countries?
(a) 15.
(b) 10.
(c) 5.
(d) 12.

9. For what state was Scott Brown elected Senator?
(a) Kansas.
(b) Massachusetts.
(c) Illinois.
(d) Washington.

10. Oil prices spiked to how much a barrel in 2008?
(a) $200.
(b) $120.
(c) $149.
(d) $110.

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

12. When was Barack Obama inaugurated as President of the United States?
(a) September 20, 2008.
(b) January, 1, 2009.
(c) November 15, 2008.
(d) January 20, 2009.

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

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

15. During which President's administration did the head of the Commodity Futures Trading Commission allow Wall Street speculation to be recognized as "bona fide hedging"?
(a) George H. Bush.
(b) Barack Obama.
(c) George W. Bush.
(d) Bill Clinton.

Short Answer Questions

1. What do SWFs refer to?

2. Five years prior to the moment Priscilla Carillo started living in her car, the commodity indices rose from $13 billion to what amount?

3. Where did Scott Brown earn his law degree?

4. When did the Yom Kippur War begin?

5. In Chapter 5, the author was astonished to learn that all the parking meters in what city were on the block for sale?

(see the answer keys)

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