Question

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

The Unkted States has a mixed economy. It is a market economy with limitations and regulations set forth by the central government to protect consumers and businesses.

It is not a traditional economy, that refers to manioralism in the middle ages and similar economy types.