Truman's Strategy of Containment Maintained That

question 29

Multiple Choice

Truman's strategy of containment maintained that

• A)it was possible to contain the expansion of communism.
• B)successful direct dealings with the Soviet Union required calm and restraint.
• C)successful containment of the Soviet Union would lead to a collapse of communism from within.
• D)a vigilant application of counter force against the Soviet Union had to be maintained.
• E)All of the above

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Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium for a good or service is not achieved or is not achievable.

Tax

Mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization.

Tax Cuts

Reductions in the amount of taxes that individuals or corporations are required to pay to the government.

Tax Revenue

The monetary gains that are acquired by governments from taxation.