When people refer to the American free-enterprise system, they are talking about an economic system known as __________.
a. Keynesianism
b. capitalism
c. marketism
d. modified socialism
Question 2
The U.S. economy is undergoing rapid and dramatic changes that can be grouped into a few master trends. Which of the following is NOT one of these trends?
a. globalization of markets
b. decreased reliance on specialization
c. growth in service-sector jobs in the advanced economies
d. continued export of manufacturing jobs to regions with lower wage rates