Typically, the United States is referred to as having a mixed economy. Which two characteristics BEST illustrate the United States acting as a command economy?

A. The federal government prioritizes significant budget concerns at a substantial cost, like national security.
B.

Question

07-08-2024
Social Studies

Answered

Typically, the United States is referred to as having a mixed economy. Which two characteristics BEST illustrate the United States acting as a command economy?

A. The federal government prioritizes significant budget concerns at a substantial cost, like national security.
B.

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-08-07T22:14:37-04:00

Final answer:

In a command economy, government officials make all decisions, while in a market economy, decisions are made privately by consumers and firms. The United States leans towards a market-oriented system.

Explanation:

In a command economy, all decisions are carried out by government officials, while in a market economy, decisions are made privately by consumers and firms. The United States is positioned more towards a market-oriented system, where businesses are mostly privately owned and regulated by the government.

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Typically, the United States is referred to as having a mixed economy. Which two characteristics BEST illustrate the United States acting as a command economy?A. The federal government prioritizes significant budget concerns at a substantial cost, like national security.B.

Answer :

Final answer:

Explanation:

Learn more about Economic Systems here:

Other Questions

Typically, the United States is referred to as having a mixed economy. Which two characteristics BEST illustrate the United States acting as a command economy?

A. The federal government prioritizes significant budget concerns at a substantial cost, like national security.
B.