Which of the following best describes the united states?

a) it has a market economy with no government regulation. this is the only system that can work with a government run by the people.

b) it has a command economy. a large nation like the united states needs the government to control all growth of the business to prevent problems.

c) it has a traditional economy. most communities are focused on providing their own needs with the resources available in the local area.

d) it has a mixed economy. the government protects individual rights, such as minimum pay for work and choices in goods and services.

It has a mixed economy. (D)

Some industries are very heavily regulated. Pharmaceuticals, for example have a great many regulations that they have to be obedient to, and rightly so. It is one of the sad facts that alternate medicine is not governed by the same sort of regulations. It is not that I would do away with alternate medicine: I would simply demand that they test their claims, same as big Pharma. Other industries are also regulated. Stay tuned to find out what happens to large banks. It should be interesting.

C cannot be true. I don't suppose there is 1 compressed liter of mined Natural Gas in a place like Rhode Island. (I'm just guessing about that.) The point is that not anywhere has all the natural resources demanded by the needs of modern living. I don't think there are any wheat fields in Florida (another guess -- wrong: there are one or two in northern Florida -- not many) but there are lots of 7/11s where you can buy as many loaves of bread as are on their shelves.

B is not true either. You are free to start any business you like, but you'd best be prepared to meet certain standards. The government is interested in quality, not quantity.

A is simply not true.

this isnt