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

2. Where was Robert Lukens being hit with gas expenses that were suddenly doubling, as described in Chapter 4?
(a) Westchester, NY.
(b) Reading, PA.
(c) New York, NY.
(d) Sacramento, CA.

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

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

5. When was Henry Kissinger born?
(a) 1923.
(b) 1929.
(c) 1911.
(d) 1945.

Short Answer Questions

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

2. 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?

3. When was Nancy Pelosi born?

4. The Commodity Exchange Act was established under whose administration?

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

Short Essay Questions

1. 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?

2. Why did Obama support giveaways to pharmaceutical companies, as discussed in Chapter 6?

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

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

5. Define "derivatives." What creates derivatives?

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

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

8. How does Taibbi describe the design of Obamacare?

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

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

(see the answer keys)

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