The Contract with America That Gingrich Invented Included Pledges to

question 3

Multiple Choice

The Contract with America that Gingrich invented included pledges to

• A) Cut taxes
• B) Pass a balanced budget amendment
• C) Promote welfare reform
• D) All of the above

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Definitions:

Grocery Store

A retail store that sells food and other household goods.

Marginal Social Benefit

The additional benefit to society as a whole from one more unit of a good or service being consumed.

Marginal Private Benefit

The additional benefit or satisfaction received by a consumer or producer from consuming or producing one more unit of a good or service.

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both private costs and any externalities.