The Economic System of the U

question 76

Multiple Choice

The economic system of the U.S.is such that individuals own and operate the majority of businesses with limited economic intervention by the government.This is characteristic of a ________ economy.

• A) mixed
• B) planned
• C) capitalist
• D) free-market
• E) communist

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Definitions:

Patronizing Casinos

The act of visiting casinos to gamble, which can contribute to local economies but also raise concerns about promoting gambling addiction.

American Tourists

Individuals from the United States who travel to other countries for leisure, adventure, or cultural exploration.

Prohibition

A period in American history (1920-1933) characterized by the legal ban on the manufacture, transportation, and sale of alcohol.

Warren G Harding

The 29th President of the United States (1921-1923), whose term was marked by scandals such as the Teapot Dome scandal, although he also sought peace and prosperity post-World War I.