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

2. To what political party does Scott Brown belong?
(a) Democrat.
(b) Green.
(c) Independent.
(d) Republican.

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

4. According to the author, state taxes were at a five-year low when oil prices surged to how much a barrel?
(a) $140.
(b) $200.
(c) $100.
(d) $149.

5. 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. Oil prices spiked to how much a barrel in 2008?

2. Nancy Pelosi is the Minority Leader of ______________.

3. Barack Obama led a close campaign in the 2008 Democratic Party presidential primaries against whom?

4. When was the Uniform Prudent Investor Act enacted?

5. What refers to the partial or complete prohibition of commerce and trade with a particular country, in order to isolate it?

Short Essay Questions

1. What changed the regulation for trust funds and pension funds, as described in Chapter 4?

2. How did the power structure of Congress change with Scott Brown's election in Chapter 6: The Trillion-dollar Band-Aid - Health Care Reform?

3. How does Taibbi describe the design of Obamacare?

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

5. What administration was responsible for easing regulations on the stock market in Chapter 4?

6. What is the commodities market and how has it affected American finance?

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

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

9. What argument did Goldman-Sachs present for lessening regulation, as discussed in Chapter 4?

10. What was the author shocked to discover from a friend working for a SWF in Chapter 5?

(see the answer keys)

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