Match the Term with the Definition

question 50

Multiple Choice

Match the term with the definition.
-Economic theory that claims tax cuts for individuals (especially the wealthy) and businesses encourage investment and production (supply) and stimulates consumption (demand) because individuals can keep more of their earnings.Despite promises to the contrary,under President Reagan this theory created a massive federal budget deficit.

• A)Camp David accords
• B)Economic Recovery Tax Act
• C)Equal Rights Amendment (ERA)
• D)intermediate-range nuclear forces (INF)agreement
• E)Iran-Contra scandal
• F)Iran hostage crisis
• G)National Energy Act of 1978
• H)New (Christian)Right
• I)Panama Canal treaty
• J)Strategic Defense Initiative (SDI)
• K)supply-side economics
• L)Watergate

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Definitions:

Indorser

In finance, someone who signs a negotiable instrument, such as a check or promissory note, over to someone else, thereby transferring the rights of that document.

Primarily Liable

The condition of being initially and directly responsible for fulfilling an obligation or debt, without shifting that responsibility to another party.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee's name mentioned.

UCC

Uniform Commercial Code; a set of laws that govern commercial transactions in the United States.