32. Which of these answers below best reflects how the federal government manages the economy through fiscal policy? a. taxing and spending
b. buying and selling securities
c. controlling the money supply
d. controlling interest rates

33. If tax revenues decrease, what would be the effect on the state of Maryland?
a. Maryland would reduce tax rates.
b. Retail businesses would lower prices.
c. Maryland would reduce funding for some programs.
d. The federal government would replace lost income from taxes.

a. taxing and spending

Explana. 33 aMaryland would reduce tax rates.ation:

C.  Stimulated manufacturing in New England.

Explanation:

President Thomas Jefferson in 1807 passed Embargo Act, which lasted between the period of December 1807 to March 1809, with the purpose of harming the United Kingdom and France during the Napoleonic Wars.

During this period, all areas of the United States suffered economic downturn.

In commercial New England and the Middle Atlantic states, ships could not work and were staying idle at the wharves, and in the agricultural areas, notably in the South, it prevents the farmers from selling their crops on the international market.

However, this scarcity, stimulated and spurred New England, and especially for the Middle Atlantic states, to the development of American both in manufacturing and agricultural industry.