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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

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

2. 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) Realpolitik.
(c) Objectivism.
(d) Capitalism.

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

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

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

Short Answer Questions

1. What is an independent self-regulatory organization and watchdog of the commodities and futures industry in the United States?

2. Where was Henry Kissinger born?

3. In what year did President Nixon decide to rearm the Israelis, angering the oil-producing Arab states?

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

5. When was Barack Obama inaugurated as President of the United States?

Short Essay Questions

1. What led up to OPEC's oil embargo in the 1970s, as described in Chapter 5?

2. What does Taibbi assert as an ominous element of health care legislation?

3. Who was responsible for purchasing Chicago's parking meters, as described in Chapter 5?

4. How are SFWs defined in Chapter 5: The Outsourced Highway - Wealth Funds?

5. When did Richard Daley lease Chicago's parking meters? For how much money were they leased, as described in Chapter 5?

6. What correlation is there between bankruptcies in the United States and the current health care system, as described in Chapter 6?

7. Define "derivatives." What creates derivatives?

8. In Chapter 5, what does the author write of the correlation between decreasing taxes and rising prices?

9. What led to the end of the Yom Kippur War, as discussed in Chapter 5?

10. According to the author, what actually caused the surge in oil prices?

(see the answer keys)

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