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

Multiple Choice Questions

1. What company did Robert Lukens run in Chapter 4: Blowout - The Commodities Bubble?
(a) Lukens Roofing.
(b) Lukens Sanitation Company.
(c) Lukens Construction Company.
(d) Lukens Architecture Firm.

2. Where was Barack Obama born?
(a) Chicago, Illinois.
(b) Honolulu, Hawaii.
(c) Bern, Switzerland.
(d) New York, New York.

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

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

5. Barack Obama previously served as a United States Senator from what state?
(a) Kentucky.
(b) California.
(c) Illinois.
(d) Washington.

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

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

8. What candidate did Scott Brown face in the 2010 special election?
(a) Martha Coakley.
(b) Hillary Clinton.
(c) James Alexander.
(d) Sarah Paulson.

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

10. 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.

11. 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) 2,000.
(d) 1,000.

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

13. The author was astonished to learn that a port in what state was on the block for sale?
(a) Virginia.
(b) California.
(c) Maine.
(d) New York.

14. Where was Scott Brown born?
(a) Boston, Massachusetts.
(b) New York, New York.
(c) Kittery, Maine.
(d) Chicago, Illinois.

15. 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) Dennis Kucinich.
(b) Ted Coppell.
(c) Anderson Cooper.
(d) James Edwards.

Short Answer Questions

1. The three sections of the Pennsylvania turnpike system total how many miles?

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

3. What is a requirement for a proposal to gain a specified level or type of support which exceeds a simple majority (over 50%)?

4. What political party is Nancy Pelosi a member of?

5. 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"?

(see the answer keys)

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