In both the U.S.and Canada,most,but not all,of economic resources are owned and controlled by private parties who make decisions as to how to use those resources with somewhat limited interference from government.As such,these economies are examples of
A)The pure command economy
B)Mixed economies,though closer to the market end of the spectrum
C)Mixed economies,though closer to the command end of the spectrum
D)The pure market economy
E)The communist economy

Question

Quizplus · Accepted Answer

Both the U.S. and Canada have mixed economies, with elements of both market and command economies. However, they are closer to the market end of the spectrum, as private parties largely control economic resources with limited government interference.

In Both the U