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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 do SWFs refer to?
(a) Sovereign wealth funds.
(b) Solidified wealth funds.
(c) Static wealth funds.
(d) Static war funds.

2. When was Nancy Pelosi born?
(a) 1958.
(b) 1949.
(c) 1948.
(d) 1940.

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

4. The author was astonished to learn that a port in what state was on the block for sale?
(a) California.
(b) New York.
(c) Maine.
(d) Virginia.

5. What is an independent self-regulatory organization and watchdog of the commodities and futures industry in the United States?
(a) The Farm Futures Commission.
(b) The National Futures Association.
(c) The Wikileaks Watchdog Corporation.
(d) The Congressional Finance Commission.

Short Answer Questions

1. For what state was Scott Brown elected Senator?

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

3. Who negotiated an Israel withdrawal from the Sinai peninsula as well as an end to the oil embargo by OPEC?

4. Who had to withdraw from a summer calculus class in San Francisco because he couldn't afford the gas for the commute?

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

Short Essay Questions

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

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

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

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

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

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

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

8. Define "derivatives." What creates derivatives?

9. How does Taibbi describe the design of Obamacare?

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

(see the answer keys)

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