American GovernmentQuestion 8 of 128
What is the economic system of the United States?
a.A command economy run by the government
b.A barter-only system
c.A socialist economy with no private property
d.A capitalist or market economy
Explanation
The United States has a capitalist, or market, economy. Prices and production are largely determined by supply and demand among private businesses. Individuals and companies can own property and start businesses.
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