Question

(1) Which of the following best describes the United States?

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

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

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

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

Answer 1

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

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

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

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

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Answer 2

mixed economy. we have a few social safety nets. almost free market. corporations often get bail outs.