The U.S. market system is best described as a _______.
A) Perfect egalitarian system.
B) Pure market system.
C) Dictatorship.
D) Mixed distribution system.
E) More than one of the above statements is true.

Question

Quizplus · Accepted Answer

The U.S. market system is a mixed distribution system, meaning that it is controlled by both the government and the private sector. The government regulates certain aspects of the economy, such as antitrust laws and enforcing contracts, while the private sector operates and makes decisions based on supply and demand in the market. While there is some level of economic freedom, it is not a pure market system because there are regulations and government intervention.

The US Market System Is Best Described as a _______