The United States, whose economy exhibits elements of both capitalism and socialism, has what is known as a ____ economy.
A) Planned
B) Utilitarian
C) nationalised
D) Mixed
E) centralised

Question

Quizplus · Accepted Answer

The term used to describe the United States economy is a mixed economy because it exhibits elements of both capitalism and socialism. While businesses and individuals are given freedom to operate and make decisions, there are also government regulations and social welfare programs in place.

The United States, Whose Economy Exhibits Elements of Both Capitalism