Which statement about the differing economic ideologies of the United States and the Soviet Union during the Cold War is true? The economic system was based on collectivism in the United States, while the economy was based on the individual in the Soviet Union.

The free enterprise system was the basis of the United States economy, while a command economy was the basis of the Soviet system.

The government controlled industry and business in the United States, while private ownership was key in the Soviet Union.

Karl Marx’s economic philosophy was the basis of the United States system, while John Maynard Keynes’s ideas formed the basis for the Soviet system.