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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. When was John McCain born?
(a) 1911.
(b) 1936.
(c) 1942.
(d) 1948.

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

3. When was Barack Obama inaugurated as President of the United States?
(a) January, 1, 2009.
(b) November 15, 2008.
(c) January 20, 2009.
(d) September 20, 2008.

4. Where did Scott Brown earn his law degree?
(a) Harvard Law School.
(b) Boston College Law School.
(c) Columbia School of Law.
(d) Yale University School of Law.

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

Short Answer Questions

1. Oil prices spiked to how much a barrel in 2008?

2. The Commodity Exchange Act was established under whose administration?

3. When did John McCain marry Carol Shepp?

4. 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?

5. When was the Uniform Prudent Investor Act enacted?

Short Essay Questions

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

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

3. How does Taibbi conclude Chapter 4? What does the author remark regarding the motivations of the wealthy?

4. What did the news media and politicians attempt to blame the surge in oil prices on in Chapter 4?

5. How did the SWFs present a danger to the economy, as discussed in Chapter 5: The Outsourced Highway - Wealth Funds? When was Congress warned about the issue?

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

7. How does Taibbi describe the design of Obamacare?

8. Who was responsible for purchasing Chicago's parking meters, as described in Chapter 5?

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

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

(see the answer keys)

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