________ is an economic system in which the means of production are privately owned and market forces determine production and distribution.

_______ is an economic system in which the means of production are collectively owned and the state directs production and distribution.

The governmental policy of _______ requires noninterference with the free play of economic forces.

The largest number of foreign investors in the U.S. come from _______.

Adam Smith argued that ________ eventually produces the greatest good for the greatest number of people.

Capitalism and socialism may be converging to form a ________.

Philip Morris bought Kraft, creating a giant corporation composed of other corporations that produce a variety of products. This is called a/an _________.

Union Carbide is headquartered in the U.S., but it has plants in India. As a result, it is a/an ________.

The unemployed consists of people who are without jobs and who are __________.

During the Great Depression, the unemployment rate in the U.S. reached ______ percent.

_______ is the term associated with a corporation's firing of many employees in order to adapt to the new global economy.

The _______ perspective views the economy as inherently unstable in that it produces class conflict.

The ________ perspective views the economy as helping society adapt to the environemnt, thereby increasing stability.