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Types of Economies — Economics STD 9 — Question

ICSE BoardEnglish MediumSTD 9EconomicsTypes of Economies1 Mark
MCQ
Statement (1): Economic fluctuations are widely seen in a capitalist economy.
Statement (2): Under capitalism, consumers do not enjoy freedom of choice.
  • A
    Both statements are true.
  • B
    Both statements are false.
  • ✓
    Statement 1 is true, Statement 2 is false.
  • D
    Statement 2 is true, Statement 1 is false.
✓

Answer

Correct option: C.
Statement 1 is true, Statement 2 is false.
C

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