What was the origin of President Clinton's budget surplus from 1997–2000?
a. Offshoring led to lower production costs for businesses and thus created revenue.
b. President Clinton created the surplus through "trickle-down" policies that stimulated growth.
c. The surpluses primarily resulted from budget cuts instigated by the Clinton administration from 1994–1998.
d. The surpluses were largely the result of booms in the high-tech and investment industries that generated higher tax revenues.
d
You might also like to view...
Romney might have been more successful running as an insurgent candidate than as a clarifying candidate because __________
A)economic conditions greatly favored Obama and his stewardship of the economy B)most of the 2012 voters were pocketbook voters who responded to Obama's attacks against Romney C)the economic conditions had declined drastically and Romney missed a key opportunity to criticize Obama's economic management D)an insurgent campaign would have been better positioned to take advantage of the October Surprise that occurred
Which of the following best describes the proposed reform of decentralization?
a. More privatization would be used to save the federal government money. b. States or regional and local offices, which are more closely connected to local issues and client populations, would be given greater independence and authority. c. Large agencies would be broken down into many smaller agencies, because organizations with fewer people tend to operate more efficiently. d. Decentralizing the bureaucracy would provide a check on congressional and judicial power, because more of the government's responsibilities would fall into the private sector.