The U.S.has a mixed economy because

A) the government helps in answering the three basic questions of economics: what,how and for whom.
B) the laissez faire market system lacks government intervention.
C) all goods and services are provided privately.
D) the central planning body makes all market decisions.

Mixed Economy

An economic system that combines elements of capitalism and socialism, including both private and public ownership of resources and enterprises.

Laissez Faire

An ideology that supports a capitalist market economy free from regulatory oversight by the government.

Basic Questions

Basic Questions in economics typically refer to the fundamental queries about what to produce, how to produce, and for whom to produce, guiding allocation of resources.