According to the Text, Deregulation

question 23

Multiple Choice

According to the text, deregulation

• A)was a key part of Johnson's Great Society.
• B)has been successful whenever it has been initiated.
• C)began to decline during the Reagan presidency.
• D)has worked well in some industries but not in others.

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Definitions:

Textile Manufacturers

Companies and businesses involved in the production of fibers, yarns, and fabrics, or the conversion of these materials into various textile products.

Restrictive Quotas

Limits set by governments on the quantity of goods that can be imported or exported to control market access.

Textile Products

Goods made by converting natural or synthetic fibers into yarn, which is then woven, knitted, or bonded to produce fabrics used in clothing, furnishings, and industrial applications.

Trade Restrictions

Government-imposed limitations on the free exchange of goods and services between countries, including tariffs, quotas, and embargoes, often to protect domestic industries.