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Modern History: Economics
Test Description: Economic issues from Nixon through Obama.
Instructions: Answer all questions to get your test result.
1) Which of these is a reason for the rise of the conservative movement?
A
Opposition to affirmative action.
B
All of the above.
C
Desire for new Supreme Court justices to overturn rulings on abortion and school prayer.
D
Belief that the government had gotten too big and was spending too much.
2) Someone who wants to create more social programs like Medicare and Welfare would most likely be a:
A
Liberal
B
Conservative
3) He was a conservative Republican who defeated Jimmy Carter in 1980.
A
Gerald Ford
B
George H.W. Bush
C
Ronald Reagan
D
Bill Clinton
4) Reagonomics was based on the idea that....
A
More federal regulation is good for the economy.
B
Tax cuts would lead to greater investment and more job creation.
C
Government spending stimulates the economy, so we should spend more.
D
Tax cuts make it more difficult for the government to properly carry out its duties and therefore hurt the economy.
5) Critics of Reaganomics called it trickle down economics because.....
A
the heavy regulations on businesses would only allow a small amount or trickle of wealth to reach the poor.
B
they did not believe that cutting taxes for the wealthy would help working people.
6) America became increasingly involved in the global economy when it....
A
joined the League of Nations.
B
refused to sign NAFTA because of working conditions in Mexico.
C
entered trade agreements like NAFTA and GATT.
D
became isolationist.
7) One concern about Social Security is that...
A
the elderly are refusing Social Security benefits.
B
there may not be enough money in the system as Baby Boomers retire.
8) This president was considered liberal, but ended up with a budget surplus.
A
Bill Clinton
B
Ronald Reagan
C
Hillary Clinton
D
Barack Obama
9) In the aftermath of 9/11 the US ............
A
ended Social Security.
B
returned to deficit spending as it paid for wars in Iraq and Afghanistan.
C
raised taxes.
D
economy flourished as war spending stimulated the economy.
10) One key accomplishment under Barack Obama has been....
A
the ending of illegal immigration.
B
the passage of healthcare reform.
C
that Democrats and Republicans are cooperating with each other like never before.
D
a return to isolationism.
*select an answer for all questions
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