Reagan and Bush

1. A person or organization that uses a product or service is a(n):

• consumer

• loan shark

• Economist

• debtor

2. What term refers to a good that comes into a country?

• trade

• export

• migration

• import

3.  Importing more than exporting leads to what?

• A trade surplus.

• A balance of trade.

• A trade deficit.

• A balance of payment.

4. What did Reagan do to taxes?

• increase them

• tax the rich

• decrease them

• tax the poor

5. What is the theory that cutting taxes will increase jobs

• Laissez-Faire

• Voodoo Economics

• Trickle Down Economics

6. During Reagan's presidency, federal spending was increased most for...

• jobs

• government

• the people

• defense

7. What is ¨Reaganomics¨

• a movie

• Decrease in government spending

• A government branch

• A person

8. How did Reagan win over votes?

• Said he would reduce power of fed. government

• Was a popular actor

• Said he would give food for free on Sunday's

9. What was the first thing Reagan did in power?

• Met with different leaders of the world to discuss world conflict

• He changed the supreme court judges

• Changed the military director

• Helped states gain independence from the government

10. How much did Reagan lower taxes when put in power?

• 9%

• 6%

• 18%

• 27%