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

Multiple Choice Questions

1. In December 2008, Chicago Mayor Richard Daley announced that he had leased out the city's parking meters for how long?
(a) 30 years.
(b) 75 years.
(c) 50 years.
(d) 25 years.

2. When was the Uniform Prudent Investor Act enacted?
(a) 1994.
(b) 1985.
(c) 1915.
(d) 1947.

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

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"?
(a) Ted Coppell.
(b) James Edwards.
(c) Dennis Kucinich.
(d) Anderson Cooper.

5. Barack Obama led a close campaign in the 2008 Democratic Party presidential primaries against whom?
(a) Sarah Palin.
(b) Hillary Clinton.
(c) John McCain.
(d) George W. Bush.

6. 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) Realpolitik.
(b) Objectivism.
(c) Capitalism.
(d) Conservatism.

7. 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-third.
(d) One-half.

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

9. Nancy Pelosi served as the 60th Speaker of the United States House of Representatives from 2007 to ______.
(a) 2008.
(b) 2011.
(c) 2009.
(d) 2010.

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

11. What do SWFs refer to?
(a) Static war funds.
(b) Static wealth funds.
(c) Solidified wealth funds.
(d) Sovereign wealth funds.

12. What is a requirement for a proposal to gain a specified level or type of support which exceeds a simple majority (over 50%)?
(a) Superpower.
(b) Upper majority.
(c) Great majority.
(d) Supermajority.

13. What does the CFTC stand for?
(a) The Community Finance Trading Commission.
(b) The Congressional Finance Trust Commission.
(c) The Commodity Futures Trading Commission.
(d) The Capitalist Futures Commission.

14. 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 Finance.
(b) Obamacare.
(c) Capitalism.
(d) The Congressional Committee for Health Reform.

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

Short Answer Questions

1. Where was Scott Brown born?

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

3. What does OPEC stand for?

4. Where was Robert Lukens being hit with gas expenses that were suddenly doubling, as described in Chapter 4?

5. OPEC is an intergovernmental organization of how many developing countries?

(see the answer keys)

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