Which of the Following Was an Unseen Consequence of the Supply-Side

question 63

Multiple Choice

Which of the following was an unseen consequence of the supply-side economics of the 1980s?

• A)An unprecedented increase in the number of immigrants
• B)The movement of large corporations from the North to the South
• C)A great shift in wealth to the top of the economic pyramid
• D)Nationwide protests and strikes against the rise of capitalism
• E)Reagan's landslide defeat in the reelections in 1984

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Definitions:

Prepetition Assets

Assets that a debtor owned before filing for bankruptcy protection.

Bankruptcy Estate

The assets that are collected from a debtor who files for bankruptcy.

Bankruptcy Remedies

Legal measures available to individuals or businesses that are unable to repay their debts, providing a way to resolve insolvency issues.

Chapter 7 Bankruptcy

A provision of the bankruptcy code that allows for the liquidation of a debtor's assets to pay off creditors; often referred to as straight or liquidation bankruptcy.