Questions: 5 Multiple Choice 2 points Which of these best describes the United States' economic system? mixed market command traditional

The answer is mixed.

A mixed economic system is one that incorporates elements of both capitalism and socialism. In the United States, the economy is primarily market-based, but the government plays a significant role in regulating and guiding economic activity. This includes interventions such as setting minimum wages, providing social security, and regulating industries to protect the environment and consumers. Therefore, the U.S. economy is best described as a mixed economy.

A market economy is one where economic decisions and pricing are guided by the interactions of citizens and businesses. While the U.S. has a strong market component, it is not purely a market economy due to the significant government involvement in economic affairs.

A command economy is one where the government makes all decisions regarding the production and distribution of goods and services. This does not describe the U.S. economic system, as the U.S. allows for private enterprise and market-driven decision-making.

A traditional economy is based on customs, history, and time-honored beliefs, often relying on agriculture, fishing, and hunting. This is not applicable to the modern U.S. economy, which is industrialized and technologically advanced.