5. What was a key element of Reagan’s plan to meet the economic crisis in 1981?
(Points: 1)
raising taxes to pay for government programs

raising interest rates to curb inflation

lowering interest rates to encourage home buying

regulating savings and loans to avoid further crises

6. What was one benefit some economists believed would result from supply-side economics?
(Points: 1)
more jobs as individuals and businesses spent their tax savings

lower interest rates for home mortgages and new automobiles

greater profits for large corporations

increased money for social programs

7. Which was not an economic issue associated with Reaganomics?
(Points: 1)
large budget deficits

tripling of the national debt

increased inflation

increased inequality between rich and poor

8. What happened after the Reagan administration loosened regulations on savings and loan institutions (S&Ls)?
(Points: 1)
People had more investment opportunities.

Many S&Ls made bad loans and went bankrupt.

The S&Ls and their customers saw greater long-term profits.

The entire banking industry suffered as people pulled their money out of banks.

9. What was one result of environmental deregulation during the Reagan years?
(Points: 1)
Oil companies discovered many new sources of oil to reduce dependence on foreign oil.

Private logging firms made national forests more accessible to people.

Mining companies opened new kinds of mines that allowed them to reduce pollution.

Millions of acres of public land were opened to private drilling, mining, and logging.

10. Why were many conservatives in favor of government deregulation?
(Points: 1)
They thought the number of regulations had become excessive and hurt businesses.

They believed that government had no authority to regulate any aspect of business or industry.

They thought deregulation would help reduce inflation.

They wanted to increase tax rates and save money by deregulating.

11. Who is Sandra Day O’Connor?
(Points: 1)
the secretary of the interior during Reagan’s first term

the first woman Supreme Court justice

the president of the air traffic controllers union

the first woman secretary of state

12. What was the difference between traditional views of the Cold War and Reagan’s view of it?
(Points: 1)
Reagan wanted to eliminate communism, not merely contain it.

Reagan wanted a closer affiliation with communist nations.

Reagan did not view communism as a threat at all.

Reagan hoped that his foreign policy would persuade countries to give up communism.

13. Who did not protest communism?
(Points: 1)
Alexander Solzhenitsyn and Andrei Sakharov

Lech Walesa and Solidarity

British prime minister Margaret Thatcher

Soviet leader Leonid Brezhnev

14. What was the Reagan Doctrine?
(Points: 1)
a plan to form alliances with as many nations as possible

a program to oppose communism in all circumstances

a way to limit the U.S. military as an example to other nations

a strategy to open U.S. air bases in Pakistan and Afghanistan

15. Which was not a place where the United States took action to support the Reagan Doctrine?
(Points: 1)
Nicaragua

Grenada

Lebanon

Venezuela

16. What was Ronald Reagan’s weapons strategy?
(Points: 1)
a continuation of the mutually assured destruction (MAD) theory

a conventional and nuclear military buildup that the Soviets could not afford

a wait-and-see attitude to determine what other nations would do

an increased emphasis on nuclear weapons rather than conventional weapons

17. Who was Mikhail Gorbachev?
(Points: 1)
a Soviet leader who wanted to restructure the Soviet economy

a Polish leader who overthrew communism

a Soviet leader who increased the arsenal of nuclear weapons

a Polish leader who became Pope John Paul II

18. How did reforms in the Soviet Union affect relations with the United States?
(Points: 1)
The Soviet Union remained determined to become more powerful than the United States.

Relations between the two nations grew tenser as the Soviet economy suffered.

Talks were held and an arms limitation strategy was agreed upon.

The Soviet Union allied with the United States in the Middle East.

19. In the Iran-Contra scandal, Reagan administration officials secretly sold weapons to Iran in a failed attempt to gain the release of American hostages. That activity violated U.S. policy. What did the Reag