The main component and key to success to Reaganomics was reduction in government spending.
<h3>What is Reaganomics?</h3>
This is the term that is used to refer to the government and the economic policies of Ronald Reagan. The purpose of the policy was to help to stimulate the United States government. The policy was contractionary in nature.
He advocated for a reduction in the way that government spent money, reduced taxes and also for less government regulations in businesses.
The result of this policy was that he helped to ensure that poverty was reduced in the country. Although it raised the levels of income inequality also in the nation.
Economics have stated that the policies of this president helped the nation to achieve great long time economic expansion.
Read more on Reaganomics here
brainly.com/question/16698575
#SPJ1
The statement about global advertising that is most correct is:
C) Global advertising involves developing a single promotional strategy that can be implemented worldwide.
<h3>What is Global Advertising?</h3>
Global advertising is a way of raising awareness for a product in many parts of the world.
In this case, the promotional strategy could be online advertising, direct selling, or even public relations. The aim is for the news to reach the world with any of the strategies.
Complete Question:
Which of the following statements about global advertising is most correct?
A)Firms should avoid advertising in foreign markets and rely instead on otherelements of their promotion mix, such as personal selling and public relations.
B)Television is the best advertising medium for U.S. firms trying to promote theirproducts in foreign countries.
C)Global advertising involves developing a single promotional strategy that canbe implemented worldwide.
D)Given the lower incomes of consumers in many foreign countries, the bestway to promote American goods is utilizing a low price strategy.
Learn more about global advertising here:
brainly.com/question/25556823
#SPJ1
