Solved

Which of the Following Reflects the Type of Economic System

Question 10

Multiple Choice

Which of the following reflects the type of economic system found in the United States?


A) Socialism, in which economic decisions are made by the government
B) Regulated capitalism, in which business has substantial freedom from government interference, but the government does step in and regulate the economy to guarantee individual rights
C) Pure capitalism, in which all means used to produce material resources are privately owned
D) Pure laissez-faire capitalism, in which the government has no economic role at all
E) Social democracy, in which government plays an enormous role in ensuring substantive guarantees of fair outcomes for all citizens

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents