Which of the following is part of the US Cold War economy?
command economy***
Private property is not allowed
Private property is allowed
free-market economy
Please I need help
Yes, you do. What is a command economy?
The correct answer is "free-market economy."
During the Cold War, the United States and the Soviet Union were the two major global superpowers. The United States followed a free-market economy system, which is characterized by private ownership of property and businesses, competition, and minimal government interference in the market. In a free-market economy, individuals and businesses have the freedom to make their own economic decisions, such as what to produce, how much to produce, and at what price to sell goods and services.
While the Soviet Union implemented a command economy, where the government controlled most aspects of the economy, including property and businesses. In a command economy, the government determines what to produce, how much to produce, and at what price to sell goods and services. Private property and free-market principles are not allowed in a command economy.
Therefore, the correct answer is free-market economy.