Home C1 Vocabulary Economic Systems and Policies 1 year ago 4 months ago Economic Systems and Policies by minor7th Report a question What’s wrong with this question? You cannot submit an empty report. Please add some details. 0% Economic Systems and Policies 1. The government introduced new tax ______ to stimulate economic growth and encourage investment. levies penalties incentives breaks 2. Free-market ______ advocate for minimal government intervention in the economy. critics detractors advocates proponents 3. The ______ sector of the economy includes industries involved in the extraction and production of raw materials. secondary primary quaternary tertiary 4. Government ______ play a crucial role in regulating market activities and ensuring fair competition. subsidies policies tariffs interventions 5. The ______ market is highly volatile, with prices fluctuating based on investor sentiment. real estate currency commodity stock 6. The government’s ______ policy aims to promote sustainable development and reduce environmental impact. expansionary fiscal monetary green 7. The economic ______ was characterized by a significant decline in GDP and widespread unemployment. recession expansion recovery boom 8. Economic ______ refers to the decrease in the value of goods and services over time. stagnation deflation inflation recession 9. The concept of ______ involves government ownership and control of major industries. deregulation liberalization privatization nationalization 10. Income ______ remains a significant issue in many developed and developing countries, affecting economic stability. distribution stagnation inequality equality 11. ______ agreements between countries can lead to increased economic cooperation and growth. Peace Diplomatic Trade Bilateral 12. The ______ sector includes industries such as banking, insurance, and real estate. industrial financial service agricultural 13. Trade ______ can affect the balance of imports and exports, impacting a country’s economy. barriers agreements alliances policies 14. The central bank raised interest rates to curb ______ and stabilize the economy. regression inflation stagnation deflation 15. Many developing countries rely on ______ from international organizations to support their economies. investment aid trade loans 16. Many countries aim to achieve a ______ economy, balancing both growth and sustainability. deflated stable volatile inflated 17. ______ policies are designed to reduce government deficits and debt accumulation. Expansionary Monetary Fiscal Austerity 18. The ______ rate is a key indicator of a country’s economic health, reflecting the percentage of unemployed individuals in the workforce. inflation employment unemployment participation Your score is The average score is 52% 0% Restart quiz