Most business enterprises in the United States are privately owned, but the federal government owns a number of major enterprisessuch as the U.S. Postal Service. This suggests that the U.S. economy is best classified as a(n) _____.
A) socialist economy
B) mixed economy
C) differentiated economy
D) anarchist economy

Question

Most business enterprises in the United States are privately owned, but the federal government owns a number of major enterprises­such as the U.S. Postal Service. This suggests that the U.S. economy is best classified as a(n) _____.
A) socialist economy
B) mixed economy
C) differentiated economy
D) anarchist economy

Quizplus · Accepted Answer

The U.S. economy is best classified as a mixed economy because it has a combination of private enterprises and some major enterprises owned by the federal government. This is in contrast to a purely socialist or anarchist economy.

Most Business Enterprises in the United States Are Privately Owned