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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. OPEC is an intergovernmental organization of how many developing countries?
(a) 5.
(b) 12.
(c) 15.
(d) 10.

2. Who had to withdraw from a summer calculus class in San Francisco because he couldn't afford the gas for the commute?
(a) Robert Lukens.
(b) Sam Serenda.
(c) Leroy Marcus.
(d) Peter Carillo.

3. Barack Obama taught constitutional law at what university?
(a) Boston College Law School.
(b) Harvard Law School.
(c) Yale University Law School.
(d) The University of Chicago Law School.

4. What United States Representative said that Obama's health care initiative was a "backroom deal that had nothing to do with the public perception"?
(a) Anderson Cooper.
(b) Dennis Kucinich.
(c) James Edwards.
(d) Ted Coppell.

5. What, according to the author, had been designed as a massive political deal with big giveaways to pharmaceutical companies in the form of subsidies and a big gift to the insurance industry in the form of the individual mandate?
(a) Capitalism.
(b) The Congressional Committee for Finance.
(c) The Congressional Committee for Health Reform.
(d) Obamacare.

Short Answer Questions

1. Nancy Pelosi is the Minority Leader of ______________.

2. Goldman-Sachs argued that investing in commodities futures would reduce risk and yield __________.

3. From what university did Henry Kissinger earn his A.M. and Ph.D. degrees?

4. When was John McCain born?

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

Short Essay Questions

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

2. What did the news media and politicians attempt to blame the surge in oil prices on in Chapter 4?

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

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

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

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

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

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

9. Define "derivatives." What creates derivatives?

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

(see the answer keys)

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