Question 12

What is the economic system of the United States?

Pick an answer

Correct!

Not quite. The correct answer is highlighted.

Correct answer to question 12: Capitalism

Acceptable answers:

  • Capitalism
  • Free market economy

Why

The United States has a capitalist, free-market economy: businesses and property are privately owned and prices are set mostly by supply and demand.

Updated: November 2026

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