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Official question #12US Citizenship Test

What is the economic system of the United States?

Correct answer

Capitalism

Also accepted: Capitalism · Free market economy

Why

The U.S. has a capitalist, free market economy: most businesses are privately owned and prices are mainly set by supply and demand. This is one of the 20 questions marked with an asterisk for the 65/20 special consideration.

Answer choices

  • ASocialism
  • BCapitalism
  • CCommunism
  • DA centrally planned economy