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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. When was Barack Obama named the Nobel Peace Prize laureate?
(a) October, 2009.
(b) September, 2009.
(c) October, 2008.
(d) November, 2009.

2. Nancy Pelosi is the Minority Leader of ______________.
(a) The United States House of Representatives.
(b) The United States House of State.
(c) The United States Supreme Court.
(d) The United States Senate.

3. 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) 2,000.
(b) 1,300.
(c) 1,500.
(d) 1,000.

4. According to Chapter 4, Goldman-Sachs was the dominant index cornering about how much of the speculation market?
(a) Two-thirds.
(b) One-half.
(c) Three-fourths.
(d) One-third.

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

Short Answer Questions

1. The Prudent Man Rule is based on common law stemming from what Massachusetts court decision?

2. What United States Representative said that Obama's health care initiative was a "backroom deal that had nothing to do with the public perception"?

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

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

5. Who had to withdraw from a summer calculus class in San Francisco because he couldn't afford the gas for the commute?

Short Essay Questions

1. Where is most of the money in the American health care system tied up?

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

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

4. How did the SWFs present a danger to the economy, as discussed in Chapter 5: The Outsourced Highway - Wealth Funds? When was Congress warned about the issue?

5. Define "derivatives." What creates derivatives?

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

7. How does Taibbi describe the design of Obamacare?

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

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

10. How does Taibbi conclude Chapter 4? What does the author remark regarding the motivations of the wealthy?

(see the answer keys)

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