Which of the Following Was True of Proposition 13, Which

question 39

Multiple Choice

Which of the following was true of Proposition 13, which was passed in the seventies?

• A)It was passed by Gerald Ford to grant Nixon his pardon.
• B)It limited all further increases on property taxes to 2 percent a year in California.
• C)It was successful in forcing the final foreign troops out of Saigon, Vietnam in 1973.
• D)It was a plan to resolve the issue of stagflation authored by a group of MIT economists.
• E)It mandated educational institutions to spend equally on women's and men's athletics.

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Definitions:

Equilibrium

A situation where the amount of goods available in the market matches what consumers want to buy, leading to stable prices and consistent availability.

Excess Supply

A situation where the quantity of goods or services supplied is greater than the quantity demanded at a given price.

Chemical Engineers

Professionals specialized in applying principles of chemistry, physics, biology, and mathematics to solve problems involving the production or use of chemicals, fuel, drugs, food, and many other products.

Salaries

Fixed regular payments made by employers to employees, typically on a monthly or biweekly basis, in exchange for their labor or services.