Unit 4.2 Review - Modern U.S. Policy & Role in a Global Economy

"It is my intention to curb the size and influence of the federal establishment and to demand recognition of the distinction between the powers granted to the Federal Government and those reserved to the States or to the people." -President Ronald Reagan's First Inaugural Address on January 20, 1981.

Which action did the Reagan administration take, based on the belief expressed in these statements?

• It reduced defense spending.

• It reduced government regulation of business.

• It increased corporate and personal income taxes.

• It increased government spending on social programs.

What message about the United States economy is expressed in the cartoon?

• It has been most seriously weakened by the high cost of American labor.

• It suffers from many problems that cannot be blamed on other countries.

• It needs another war to help the United States transition from a debtor nation to a creditor

  nation.

• It requires massive governmental action to restrict the amount of foreign goods imported

  to the United States.

What is the primary reason the United States offered foreign aid to other countries in the 2000s?

• to fund military operations abroad

• to improve the image of the United States abroad

• to protect ambassadors and citizens traveling abroad

• to support the democracies of struggling countries abroad

What action resulted in the Iran-Contra Scandal when it was approved by the Reagan administration but prohibited by Congress?

• the sale of arms to Iran

• the removal of the Shah of Iran

• the invasion of Iran by the US military

• the bombing of historic sites throughout Iran

Congress’ enforcement of economic sanctions on South Africa during the Apartheid and President Clinton’s decision to send troops to Bosnia were reactions to which of the following?

• Human rights violations

• Collapse of communism

• Failed immigration policies

• Trade agreement violations

Which of the following accurately describes American public opinion after media reporting on the Iran Contra Affair?

• The American public wanted the country to heal and move forward.

• American credibility fell around the world as a result of the hearings.

• Americans overwhelmingly supported aiding the Contras in Latin America.

• Approval of the Reagan administration fell as a result of selling arms in exchange for hostages.

Which of the following was a goal of the North American Free Trade Agreement (NAFTA) between the United States, Mexico, and Canada?

• to lower all labor costs

• to encourage international trade

• to raise environmental standards

• to allow citizens to freely travel between nations

The "trickle-down" economic theory and the supply-side economic policies under President Ronald Reagan were based on which idea?

• Economic stability is the responsibility of federal monetary agencies.

• Balanced budgets are essential to the economic success of the government.

• Economic growth depends on making increased amounts of capital available to business.

• The federal government needs to assume more responsibility for solving economic problems.

What did OPEC’s oil embargo of 1973 reveal about the US economy?

• The US was over-producing oil.

• The US was heavily dependent on foreign oil.

• The US economy was stronger than people realized.

• Our oil pricing system was stable enough to withstand it.

What was the cause of the events depicted in the newspaper?

• U.S. overproduction of petroleum

• Increased tension in U.S./Soviet relations

• U.S. military support of the nation of Israel

• Middle Eastern overproduction of petroleum