Chapter 22

2. Laying off workers and managers to become more efficient
7. Person who believes government power should be limited in order to maximize individual freedom
10. Strategy assuming that as long as two countries can destroy each other with nuclear weapons, they will be afraid to use them
14. Retailers selling large quantities or goods at very low prices
17. Person who believes the government should take an active role in the economy and in social programs but should not dictate social behaviors
18. The economic policies of the former US president Ronald Reagan associated especially with the reduction of taxes and the promotion of unrestricted free-market activity
19. A computer processor containing both memory and computing functions on a single chip

1. tax Tax paid by businesses and investors when they sell stock or real estate for a profit
3. Economic theory that lower taxes will boost economy as businesses and individual invest their money, thereby creating higher tax revenue
4. Stop underage drinking and drunk divining in general
5. A state of peace free from social unrest
6. Iraq dictator sent troops to invade oil-rich Kuwait
8. The amount at which expenditures exceed income
9. Individuals of Reagan's administration illegally supporting rebel of Iran and secretly selling then weapons
11. New industrial region in southern California and the Deep South developing during World War II
12. Last leader of the Soviet Union,during his time he agreed to resume arms control talks
13. A complete electronic circuit on a silicon chip that is small and easy to produce
15. An evangelist who conducts regularly televised religious programs
16. A policy of economic and government restructuring instituted by Mikhail Gorbachev in the Soviet Union