Question

Which of the following best describes the United States?

A) It has a market economy with no government regulation. This is the only system that can work with a government run by the people.

B) It has a command economy. A large nation like the United States needs the government to control all growth of business to prevent problems.

C) It has a traditional economy. Most communities are focused on providing their own needs with the resources available in the local area.

D) It has a mixed economy. The government protects individual rights, such as minimum pay for work and choices in goods and services.

Answer 1

THE ANSWER IS A

However, the government should have little to no intervention in our capitalism, market economy, but of course when the economic factors kick in, there is also the government which has to regulate monopolies and mergers to make sure that our market economy is safe and welcoming to all consumers.