Which of the following best describes the United States? It has a market economy with no government regulation. This is the only system that can workwith a government run by the people. It has a command economy. A large nation like the United States needs the government to control all growth of business to prevent problems. It has a traditional economy. Most communities are focused on providing their own needs with the resources available in the local area. It has a mixed economy. The government protects individual rights, such as minimum pay for work and choices in goods and services.

Question

Which of the following best describes the United States?   It has a market economy with no government regulation. This is the only system that can workwith a government run by the people.   It has a command economy. A large nation like the United States needs the government to control all growth of business to prevent problems.   It has a traditional economy. Most communities are focused on providing their own needs with the resources available in the local area.   It has a mixed economy. The government protects individual rights, such as minimum pay for work and choices in goods and services.

anonymous · Answer

In the 1970s, the U.S. government set the price for gasoline around one dollar per gallon. Define price controls and describe how some people believe they protect competition