Which U.S. president is associated with Reagan's economic approach?

Which U.S. president is associated with Reagan's economic approach?

• A. Adam Smith
• B. Franklin Roosevelt
• C. Ronald Reagan
• D. Karl Marx

Answer: (C)

Reagan's economic approach focuses on free-market principles, with tax cuts, deregulation, and less government intervention to spur private-sector growth. The president who most clearly represents these policies is Ronald Reagan, who in the 1980s pursued tax reductions, aimed to reduce regulatory burdens, and sought to control inflation to create a climate favorable for investment and growth. Adam Smith is associated with early, foundational ideas about free markets, Franklin Roosevelt expanded government programs during the New Deal, and Karl Marx critiqued capitalism and advocated for socialism. So Ronald Reagan is the one tied to this economic approach.

Reagan's economic approach focuses on free-market principles, with tax cuts, deregulation, and less government intervention to spur private-sector growth. The president who most clearly represents these policies is Ronald Reagan, who in the 1980s pursued tax reductions, aimed to reduce regulatory burdens, and sought to control inflation to create a climate favorable for investment and growth. Adam Smith is associated with early, foundational ideas about free markets, Franklin Roosevelt expanded government programs during the New Deal, and Karl Marx critiqued capitalism and advocated for socialism. So Ronald Reagan is the one tied to this economic approach.