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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What refers to politics or diplomacy based primarily on power and on practical and material factors and considerations, rather than ideological notions or moralistic or ethical premises?
(a) Realpolitik.
(b) Conservatism.
(c) Objectivism.
(d) Capitalism.

2. The Prudent Man Rule was last revised in what year?
(a) 1950.
(b) 1962.
(c) 1959.
(d) 1974.

3. Where was Scott Brown born?
(a) Chicago, Illinois.
(b) New York, New York.
(c) Boston, Massachusetts.
(d) Kittery, Maine.

4. In what year did President Nixon decide to rearm the Israelis, angering the oil-producing Arab states?
(a) 1978.
(b) 1977.
(c) 1945.
(d) 1973.

5. When was the Uniform Prudent Investor Act enacted?
(a) 1994.
(b) 1985.
(c) 1947.
(d) 1915.

6. What does OPEC stand for?
(a) The Organization of the Petroleum Exporting Countries.
(b) The Organization of Phonetic Electrical Companies.
(c) The Organization of Petroleum Energy Corporations.
(d) The Organization of Pacific Executive Countries.

7. In Chapter 5, the author was astonished to learn that all the parking meters in what city were on the block for sale?
(a) New York.
(b) Sacramento.
(c) New Orleans.
(d) Chicago.

8. According to the author in Chapter 4: Blowout - The Commodities Bubble, speculators took over the commodities market and by 2008, what percent of commodity exchanges was speculative?
(a) 25.
(b) 80.
(c) 70.
(d) 50.

9. In what year was Congress warned in testimony before the House Foreign Affairs Committee about a new world economic order?
(a) 2008.
(b) 2010.
(c) 2009.
(d) 2004.

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

11. What occupation did Barack Obama have before earning his law degree?
(a) Community organizer.
(b) College professor.
(c) Civic engineer.
(d) High school teacher.

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

13. What company did Robert Lukens run in Chapter 4: Blowout - The Commodities Bubble?
(a) Lukens Architecture Firm.
(b) Lukens Sanitation Company.
(c) Lukens Construction Company.
(d) Lukens Roofing.

14. In December 2008, Chicago Mayor Richard Daley announced that he had leased out the city's parking meters for over ____________.
(a) $150 million.
(b) $200 million.
(c) $1 billion.
(d) $2 billion.

15. A new investment vehicle called index speculation was comprised of two main indices which were the Goldman-Sachs Commodity Index and ____________.
(a) The NASDAQ-AIG Commodity Index.
(b) The Dow Jones-AIG Commodity Index.
(c) The FICA Commodity Index.
(d) The Dow Jones-NASDAQ Commodity Index.

Short Answer Questions

1. When was Barack Obama named the Nobel Peace Prize laureate?

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

3. When did the Yom Kippur War end?

4. For what state was Scott Brown elected Senator?

5. Since the United States does not have a single-payer health care system, there are over how many health agencies, all of which have different forms and standards?

(see the answer keys)

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