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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. Where was Henry Kissinger born?

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

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

4. What does the CFTC stand for?

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

Short Essay Questions

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

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

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

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

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

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

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

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

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

10. How does Taibbi describe the design of Obamacare?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss the role of the news media in politics today. How has the media changed in the past 50 years and what have been the impacts of those changes?

Essay Topic 2

Discuss the political career of Richard Nixon and the 1968 Presidential election. What strategies were in place for Nixon?

Essay Topic 3

Discuss Solomon Edwards and the mortgage scams described in Chapter 3: Hot Potato, The Great American Mortgage Scam. What methods did investment companies use to coerce borrowers to commit to adjustable-mortgage loans?

(see the answer keys)

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