AP Success - AP European History: Thatcher's Economic Policies Impact
Question 1
The decline was attributed to external economic pressures from global markets.
It was believed that government intervention was necessary due to fundamental weaknesses in British society.
The decline was considered a temporary setback that would correct itself without government intervention.
The decline was seen as a result of Britain's focus on maintaining its empire.
Question 2
The British economy was suffering from a lack of skilled labor.
There was a lack of government intervention in key economic sectors.
Government was overly involved and focused on the wrong areas.
The British character lacked the entrepreneurial spirit necessary for economic growth.
Question 3
She reduced income and corporate taxes and abolished some taxes altogether.
She increased funding for social welfare programs to stimulate consumer spending.
She nationalized key industries to ensure stability and growth.
She implemented strict trade barriers to protect domestic industries.
Question 4
To spread ownership of capital and property more widely.
To dismantle the British welfare state entirely.
To increase government revenue through the sale of public assets.
To centralize economic control within the government.
Question 5
The balance in law was restored between trade unions and employers, and between unions and their members.
Trade unions gained significant power over employers and dictated employment terms.
The government took over the role of negotiating wages and conditions between unions and employers.
Employers were given unilateral power to set wages and employment conditions without union input.
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