The Following Questions Refer to the Excerpt Below

question 31

Multiple Choice

The following questions refer to the excerpt below.
"Well,there is no magic money machine.Every dollar the government spends comes out of your pockets.Every dollar the government gives to someone has to first be taken away from someone else.So,it's our moral duty to make sure that we can justify every one of your tax dollars,that we spend them wisely and carefully and,just as important,fairly.
Unfortunately,hardly anyone could honestly call Federal budgets wise,careful,or fair.Is it fair to ask one small business to help subsidize its competitors? Is it fair to ask workers in the private economy to pay for civil service pensions that are much more generous than the retirement benefits they receive? Is it fair to ask low-income families to help pay for the college education of children from families with incomes as high as $100,000 a year? Is it fair to ask taxpayers to help pay billions for export subsidies to a handful of America's biggest corporations?"
President Ronald Reagan,Address to the Nation on the Federal Budget and Deficit Reduction,April 24,1985
-Which of the following actions of the Reagan administration best reflects the ideas expressed in the excerpt?

• A) Deregulation of many industries, such as the breakup of AT&T
• B) Increased military spending
• C) Achievements in nuclear arms reductions
• D) The creation of Social Security

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Definitions:

Warranty

A guarantee provided by a seller that the product or service offered meets certain criteria and that any defects will be fixed or compensated.

Liability

A legal obligation or responsibility; it can refer to financial debt or other forms of legal responsibilities individuals or entities may have towards others.

Guarantee

A legal promise to ensure the fulfillment of an obligation or repayment of a loan in case the original party fails to do so.

Terminate

Refers to the action of bringing something or an agreement to an end before its natural conclusion.