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Question 7(Multiple Choice Worth 3 points)
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.

A "true" or "absolute" free market economy requires that all property be owned by private individuals and all goods and services be privately provided.

Answer Link

nightstarshooter nightstarshooter · Answer 2 · 2019-11-04T22:57:55+01:00

Answer:

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

Explanation:

The United States is not a market economy as the government does regulate things nor is it a command economy where the government controls almost everything. A traditional economy uses resources in the local area while we import and export goods daily. This leaves the final answer which describes the mixed economy that we have.

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