Which of the Following Reflects the Type of Economic System

question 30

Multiple Choice

Which of the following reflects the type of economic system found in the United States?

• A) Socialism, in which economic decisions are made by the government
• B) Regulated capitalism, in which business has substantial freedom from government interference, but the government does step in and regulate the economy to guarantee individual rights
• C) Pure capitalism, in which all means used to produce material resources are privately owned
• D) Pure laissez-faire capitalism, in which the government has no economic role at all
• E) Social democracy, in which government plays an enormous role in ensuring substantive guarantees of fair outcomes for all citizens

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