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Ch 17: The U.S. Economic System

About This Chapter

This chapter covers crucial theoretical frameworks, key terminology and real-world examples of the U.S. economic system in action. Our video lessons are taught by qualified instructors and are accompanied by brief quizzes to make your study of the U.S. economy simple and quick.

The U.S. Economic System - Chapter Summary

Short, fun and efficient video lessons explain the theoretical framework of the U.S. economy as well as the real-world processes of cyclical spending and saving. This chapter will define key terminology and also provide true-to-life examples of economic processes and practices from history and today. This chapter's lessons can help you:

  • Explain the cyclical phases of the U.S. economy
  • Define laissez-faire capitalism and explain how it influences the U.S. economy
  • Put oligopolies and monopolies into historical context
  • Demonstrate how saving and investing contributes to the U.S. economy

Use our brief, engaging videos and the self-check assessments that accompany each lesson to help you learn and master new material and also review what you already know. You can also take the exam at the end of the chapter to see what you can recall from all of the lessons you've viewed. Transcripts are attached to each lesson and offer an alternative way to view the material.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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