If the government of the United States took over the auto and steel industries, how would this affect our economy?

A.

Our traditional economy would become more of a command economy.

B.

Our mixed economy would become less of a command and more of a market economy.

C.

Our mixed economy would become less of a market and more of a command economy.

D.

Our mixed economy would become less of a command and more of a traditional economy.

Question

Vivian Henry

History

27 November, 02:17

If the government of the United States took over the auto and steel industries, how would this affect our economy?

A.

Our traditional economy would become more of a command economy.

B.

Our mixed economy would become less of a command and more of a market economy.

C.

Our mixed economy would become less of a market and more of a command economy.

D.

Our mixed economy would become less of a command and more of a traditional economy.

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Answers (1)

Know the Answer?

Abbigail Sexton · Answer 1

C is the correct answer.

America is currently a mixed economy. By nationalizing the auto and steel industries, American would have one less market based sector and one more command based sector.