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

2. In international relations, what refers to a re-establishment of cordial relations, as between two countries?
(a) Reinactment.
(b) Breach of Contract.
(c) Encroachment.
(d) Rapprochement.

3. When did the Yom Kippur War end?
(a) October 25, 1973.
(b) November 3, 1973.
(c) October 15, 1972.
(d) September 14, 1975.

4. The three sections of the Pennsylvania turnpike system total how many miles?
(a) 532.
(b) 210.
(c) 154.
(d) 581.

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

Short Answer Questions

1. Where was John McCain born?

2. According to the author, __________ and other investment banks were responsible for driving up the price of oil through the commodities speculation market.

3. Nancy Pelosi has represented the 8th Congressional District of what state?

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

5. The Commodity Exchange Act replaced what earlier act from 1922?

Short Essay Questions

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

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

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

4. Define "derivatives." What creates derivatives?

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

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

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

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

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

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

(see the answer keys)

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