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What did Reaganomics do?A.Deregulate the militaryB.Deregulate industriesC.Force states to collect more taxesD.Force people on welfare to leave the country

Question

What did Reaganomics do?

  • A. Deregulate the military
  • B. Deregulate industries
  • C. Force states to collect more taxes
  • D. Force people on welfare to leave the country
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Solution

Understanding Reaganomics

Reaganomics refers to the economic policies promoted by President Ronald Reagan during the 1980s. The core principles of these policies focused on reducing the role of government in the economy, lowering taxes, and promoting free-market capitalism.

Options Analysis

  1. A. Deregulate the military - This is not aligned with the principles of Reaganomics, which primarily targeted economic deregulation rather than military matters.

  2. B. Deregulate industries - This is a key aspect of Reaganomics. The administration aimed to reduce government regulation on various industries to encourage growth and competition.

  3. C. Force states to collect more taxes - Reaganomics actually advocated for tax cuts at both federal and state levels, rather than increasing tax collection.

  4. D. Force people on welfare to leave the country - This is an exaggeration and not a part of Reaganomics. The focus was more on welfare reform rather than deportation.

Conclusion

The most accurate description of what Reaganomics sought to accomplish among these options is B. Deregulate industries. This reflects the broader goals of encouraging private enterprise and reducing government intervention in the economy.

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