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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. Kissinger served as National Security Advisor and Secretary of State under which President?

2. The Prudent Man Rule was last revised in what year?

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

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

5. The three sections of the Pennsylvania turnpike system total how many miles?

Short Essay Questions

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

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

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

4. In Chapter 5, what does the author write of the correlation between decreasing taxes and rising prices?

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

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

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

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

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Describe and discuss the life and career of Alan Greenspan. How did Greenspan come to become head of the Federal Reserve?

Essay Topic 2

Discuss the growth and philosophies of the Tea Party movement. What fundamental problems does the author see in the approach and methods of the Tea Party?

Essay Topic 3

Discuss the career of Matt Taibbi and the critical reception of the book. To what writers was Taibbi associated in regard to his style and themes?

(see the answer keys)

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