New Mexico as a State — Test

Question 19 • World History and Geography

How did neoliberalism have a negative effect on the economy of New Mexico from 1980 to 1990?

Answer

These policies led to less dependence on oil and gas tax revenue in the state.

These policies led to cuts in public services that increased economic inequality.

These policies increased taxes for businesses and wealthy individuals.

These policies led to a significant decrease in manufacturing jobs across the state.

Explanation

Neoliberal policies generally favored reduced government spending and a smaller role for public programs. In New Mexico, cuts to public services could leave lower-income residents with less support while widening the gap between them and wealthier residents, increasing economic inequality. Choice B describes this negative effect; higher taxes on businesses and wealthy individuals in choice C are not typical of neoliberal policy.

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