The United States, whose economy exhibits elements of both capitalism and socialism, is known as a(n) ____ economy.
A) planned
B) utilitarian
C) nationalized
D) mixed
E) centralized

Question

Quizplus · Accepted Answer

The United States economy is known as a mixed economy because it combines elements of both capitalism and socialism. This means that while the market plays a significant role in determining prices and production, there are also various social programs and regulations in place to provide support and protection for citizens.

The United States, Whose Economy Exhibits Elements of Both Capitalism