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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. Alan Greenspan recommended the Reagan era increase in Social Security tax, and the rate went from 9.35% to ___________.
2. The fundamental belief of what philosophy is that self-interest is a normal human state and interventionism by the government is unnatural and evil?
3. Who was Vice President to Richard Nixon?
4. Of what political party was Ronald Reagan a member?
5. According to the author, the Tea Party believes that the economy is self-correcting as long as commerce and _______ are separated.
Short Essay Questions
1. How does the author relate Alan Greenspan's methods with those of a casino?
2. With what Tea Party member did Taibbi travel? What did he discover about the Republican candidates' issues?
3. Who was Eljon Williams and how did he become involved in a mortgage scam as described in Chapter 3?
4. What campaign strategy of Richard Nixon's does Taibbi describe in Chapter 1?
5. Who was Joe Cassano? What authority did he achieve?
6. What process did banks undertake in order to sells risky loans, as described in Chapter 3?
7. How did the public and private sectors evolve and change during Alan Greenspan's reign of the Federal Reserve, as described in Chapter 2?
8. How did the market for subprime loans change between 2002 and 2005?
9. What impact did Alan Greenspan have on the Federal Reserve during his years in power?
10. Describe Alan Greenspan's childhood and education. Where did Greenspan study economics?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Discuss Ayn Rand, the "Collective," and Atlas Shrugged. When was Atlas Shrugged published and what impact did it have on society and the intellectual elite?
Essay Topic 2
Discuss CNBC economic analyst Rick Santelli and his response to Obama's plan to prevent foreclosures. What are other comments Santelli has made against the administration?
Essay Topic 3
Define and analyze commodity index investing, the speculative commodities market and the commodities futures market. When did these terms and processes arise on Wall Street?
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This section contains 869 words (approx. 3 pages at 300 words per page) |
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