AP Success - AP European History: Thatcher's Economic Policies Impact

Question 1

Multiple choice
  • The decline was seen as a result of Britain's focus on maintaining its empire.

  • The decline was considered a temporary setback that would correct itself without government intervention.

  • It was believed that government intervention was necessary due to fundamental weaknesses in British society.

  • The decline was attributed to external economic pressures from global markets.

Question 2

Multiple choice
  • The British character lacked the entrepreneurial spirit necessary for economic growth.

  • Government was overly involved and focused on the wrong areas.

  • There was a lack of government intervention in key economic sectors.

  • The British economy was suffering from a lack of skilled labor.

Question 3

Multiple choice
  • She implemented strict trade barriers to protect domestic industries.

  • She nationalized key industries to ensure stability and growth.

  • She increased funding for social welfare programs to stimulate consumer spending.

  • She reduced income and corporate taxes and abolished some taxes altogether.

Question 4

Multiple choice
  • To centralize economic control within the government.

  • To increase government revenue through the sale of public assets.

  • To dismantle the British welfare state entirely.

  • To spread ownership of capital and property more widely.

Question 5

Multiple choice
  • Employers were given unilateral power to set wages and employment conditions without union input.

  • The government took over the role of negotiating wages and conditions between unions and employers.

  • Trade unions gained significant power over employers and dictated employment terms.

  • The balance in law was restored between trade unions and employers, and between unions and their members.

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