What change did Reaganism show in American economic and political language?
Answer and explanation
Correct answer: Emphasis on smaller government, free markets, and tax cuts
Reaganism, especially Reaganomics, promoted tax cuts, deregulation, free markets, and a limited economic role for government. Therefore, option A is correct. Option B represents higher taxation and expanded government spending, which run against the central economic approach of Reaganism. Exam tip: Remember Reaganism through the phrases free markets, tax cuts, and smaller government.
Frequently asked questions
What is the correct answer to this question?
Emphasis on smaller government, free markets, and tax cuts
Why is this the correct answer?
Reaganism, especially Reaganomics, promoted tax cuts, deregulation, free markets, and a limited economic role for government. Therefore, option A is correct. Option B represents higher taxation and expanded government spending, which run against the central economic approach of Reaganism. Exam tip: Remember Reaganism through the phrases free markets, tax cuts, and smaller government.
Which subject and chapter does this question cover?
This is a Class 10 General Knowledge question. Chapter: World History. Topic: Famous World Leaders.
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