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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 Scott Brown born?
(a) 1959.
(b) 1964.
(c) 1940.
(d) 1948.

2. The Prudent Man Rule was last revised in what year?
(a) 1959.
(b) 1962.
(c) 1950.
(d) 1974.

3. Where was Henry Kissinger born?
(a) England.
(b) France.
(c) Israel.
(d) Germany.

4. For what state was Scott Brown elected Senator?
(a) Washington.
(b) Kansas.
(c) Massachusetts.
(d) Illinois.

5. The Commodity Exchange Act was established under whose administration?
(a) Dwight Eisenhower.
(b) Franklin D. Roosevelt.
(c) Gerald Ford.
(d) Theodore Roosevelt.

Short Answer Questions

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

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

3. In international relations, what refers to a re-establishment of cordial relations, as between two countries?

4. When was John McCain born?

5. When was Barack Obama named the Nobel Peace Prize laureate?

Short Essay Questions

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

2. Define "derivatives." What creates derivatives?

3. What scenarios does the author describe for Priscilla Carillo and Robert Lukas in Chapter 4?

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

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

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

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

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

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

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

(see the answer keys)

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