Interpret the origin of President Clinton's budget surplus from 1997-2000
A) The surpluses primarily resulted from budget cuts instigated by the Clinton administration from 1994-1998. B) President Clinton created the surplus through "trickle-down" policies, stimulating growth. C) Offshoring led to lower production costs for businesses and thus created revenue. D) The surpluses were largely the result booms in the high-tech and investment industries, generating higher tax revenues.
Answer: D
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In general, when the price of oil experiences a prolonged price increase,
A. the Texas economy improves and Texas state revenues decrease. B. the Texas economy suffers and Texas state revenues increase. C. the Texas economy suffers and Texas state revenues decrease. D. the Texas economy improves and Texas state revenues increase.
An economic system in which governments intrude as little as possible in the economic transactions between citizens and businesses in both decisions about taxation and spending is known as a ______.
a. laissez-faire economy b. command-and-control economy c. mixed economy d. socialist economy
Identify and explain the four factors that are critical to the effectiveness and endurance of the American political system.
What will be an ideal response?
Within urban areas, crime is
a. most concentrated in rich neighborhoods. b. most concentrated in poor neighborhoods. c. most likely to affect white teenagers. d. most likely to affect rich individuals.