Question

If the government of the United States took over the auto and steel industries, how would this affect our economy?

A.
Our traditional economy would become more of a command economy.
B.
Our mixed economy would become less of a command and more of a market economy.
C.
Our mixed economy would become less of a market and more of a command economy.
D.
Our mixed economy would become less of a command and more of a traditional economy.

Answer 1

C is the correct answer.

America is currently a mixed economy. By nationalizing the auto and steel industries, American would have one less market based sector and one more command based sector.