The foundation of the U.S. economic system is considered to be:

The foundation of the U.S. economic system is considered to be:

a) monopolistic

b) communist

c) socialist

d) capitalist

Answer: D

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• Citizens of socialist nations can rely on the government to provide all of the following except:
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• At Six City Wellness Center, Greg operates a new state-of-the-art MRI scanner that serves approximately 10 patients during his 8-hour shift. Patients are scheduled for various lengths of time, depending on which part(s) of their body requires scanning. The image quality is significantly superior to what it was on previous scanners, but the number of patients served per day remains the same. This situation attests to the fact that ____________.
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• _____are economic systems where some allocation of resources is made by the market and some by the government.
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• Robert Redford created The Sundance Film Festival, where talented, young directors and producers can submit their films for review and possible screening. The festival attracts thousands of tourists each year, employs many others at various capacities, and provides important exposure to up-and-coming artists who may otherwise not be able to get their works noticed. Ultimately, the festival provides social and economic benefit for many. Adam Smith believed that one's self-directed gain would eventually create prosperity for many, and called the process the ___________.
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• Socialist systems tend to:
• In terms of economic systems, the trend has been for:
• The new era of business will:

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