CLEP American Government Exam Prep

Category - CLEP US Government

Which economic system is generally viewed as part of the American Creed?
  1. Socialism
  2. Communism
  3. Anarchism
  4. Free Enterprise
  5. Command Economics
Explanation
Answer: D- A free enterprise system, sometimes known as laissez faire economics, is generally viewed as part of the American Creed and is the belief that the government should let free trade happen. Interestingly, even though it is part of the American Creed, free enterprise has not been consistently practiced in the United States since 1811. The government is heavily involved in the economy, even though the political culture dictates that it shouldn’t be.
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