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

2. Kissinger served as National Security Advisor and Secretary of State under which President?
(a) Richard Nixon.
(b) Franklin D. Roosevelt.
(c) Bill Clinton.
(d) George W. Bush.

3. Scott Brown succeeded what United States Senator?
(a) James Edwards.
(b) Hillary Clinton.
(c) Robert Kennedy.
(d) Ted Kennedy.

4. The CFTC was created in what year?
(a) 1974.
(b) 1986.
(c) 1958.
(d) 1994.

5. According to the author, __________ and other investment banks were responsible for driving up the price of oil through the commodities speculation market.
(a) Bank of America.
(b) Goldman-Sachs.
(c) Wachovia.
(d) Deutche Bank.

Short Answer Questions

1. In what year was Congress warned in testimony before the House Foreign Affairs Committee about a new world economic order?

2. What company did Robert Lukens run in Chapter 4: Blowout - The Commodities Bubble?

3. Where was Barack Obama born?

4. To what political party does Scott Brown belong?

5. The author was astonished to learn that a port in what state was on the block for sale?

Short Essay Questions

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

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

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

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

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

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

7. 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?

8. What was index speculation comprised of, as described in Chapter 4?

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

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

(see the answer keys)

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