The USPresident Who Referred to Inflation as "Public Enemy Number One

question 55

Multiple Choice

The U.S.president who referred to inflation as "public enemy number one" was

• A)Richard Nixon.
• B)Gerald Ford.
• C)Jimmy Carter.
• D)Ronald Reagan.

---

Definitions:

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified time frame.

Protective Tariffs

Taxes imposed on imported goods to protect domestic industries from foreign competition by making imported goods more expensive.

Trade Restrictions

Trade restrictions are government-imposed limitations on the international exchange of goods and services, such as tariffs, quotas, embargoes, or standards.

Import Tariff

A tax levied by a nation on goods imported into the country.