False
i took the test and the person who answered this question got it wrong and made test got down five points.
1. In a mixed capitalist economy the government creates policies to regulate the economy to make it fair
2. Monoplies prevent fair free enterprise, which stops competition between businesses to provide consumers better services and products
3.Monetary policy is the ability to control the money supply and the availability of credit in the economy whereas fiscal policy is the power to tax and spend
4. Federal government influence the US economy through a variety of government agencies, such as the Federal Reserve System and the Securities and Exchange Commission, that seek to enforce fair policies and markets
<h3>What is mixed economy?</h3>
Mixed economy is a type of economy where both government and free trade co-exist together.
The government can also give regulations and policies guiding market.
Learn more on mixed economy below
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The delegates elected George Washington to preside over the Convention. 70 Delegates had been appointed by the original states to attend the Constitutional Convention, but only 55 were able to be there. Rhode Island was the only state to not send any delegates at all.
Answer:
The U.S. economic system of free enterprise operates according to five main principles: the freedom to choose our businesses, the right to private property, the profit motive, competition, and consumer sovereignty. also known as capitalism.
