The U.S.economy is best characterized as a:
A)barter economy.
B)command economy.
C)mercantile economy.
D)mixed economy.
E)traditional economy.

Question

Quizplus · Accepted Answer

The U.S. economy is characterized as a mixed economy because it combines elements of both market (capitalist) and command (socialist) economies. Private individuals and businesses make many economic decisions and own most of the resources and capital, but the government also plays a significant role in regulating markets, providing public goods and services, and redistributing wealth through taxes and social welfare programs.

The U.S.economy Is Best Characterized as A