Why Did the Federal Surpluses of the 1990s Turn to Deficits

question 49

Multiple Choice

Why did the federal surpluses of the 1990s turn to deficits?

• A) a combination of tax cuts and a softening economy
• B) the impact of a trade war with China
• C) the dramatic rising cost of military spending to combat terrorism
• D) the wars in Iraq and Afghanistan
• E) new laws that created tax loop holes for corporations

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Definitions:

Intrinsic Reward

A type of motivation driven by an internal reward, such as personal satisfaction or enjoyment in the task itself.