In 2008 and 2009, the United States government initiated a large-scale economic bailout of the banking and auto industries, in which the government invested enormous amounts of money, becoming the majority shareholder in some corporations. According to the text this means that:
A) the United States is communist.
B) the United States is an example of pure capitalism.
C) the United States is a capitalist nation with a degree of socialism in government subsidies to businesses.
D) under President Barack Obama, the United States has a socialist economy.
E) the United States has always been primarily socialist, so the bailout is nothing new.
Correct Answer:
Verified
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