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QUESTION IMAGE

on the continuum of economic systems, a mixed economy has characteristi…

Question

on the continuum of economic systems, a mixed economy has characteristics of both a market and a command economy. explain one specific example of a government action that shows how the u.s. has a mixed economy.

Explanation:

Brief Explanations

In a mixed - economy like the U.S., the government may regulate monopolies. For example, antitrust laws prevent companies from becoming too dominant in a market. This is a command - like action as the government is intervening in the market. At the same time, the market still operates with competition among other firms. This shows how the U.S. has elements of both a market (competition among non - monopolistic firms) and a command (government regulation of monopolies) economy.

Answer:

The U.S. government enforces antitrust laws to regulate monopolies, demonstrating a mixed - economy by having command - like government intervention while still allowing market competition among other firms.