Home > C1 VocabularyEconomic Systems and Policies 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 ______ sector includes industries such as banking, insurance, and real estate. service industrial financial agricultural 2. Free-market ______ advocate for minimal government intervention in the economy. critics detractors proponents advocates 3. The ______ rate is a key indicator of a country’s economic health, reflecting the percentage of unemployed individuals in the workforce. employment inflation unemployment participation 4. Government ______ play a crucial role in regulating market activities and ensuring fair competition. policies tariffs interventions subsidies 5. The ______ market is highly volatile, with prices fluctuating based on investor sentiment. currency commodity stock real estate 6. The concept of ______ involves government ownership and control of major industries. nationalization liberalization deregulation privatization 7. Economic ______ refers to the decrease in the value of goods and services over time. stagnation deflation inflation recession 8. The ______ sector of the economy includes industries involved in the extraction and production of raw materials. quaternary secondary tertiary primary 9. Income ______ remains a significant issue in many developed and developing countries, affecting economic stability. distribution equality stagnation inequality 10. ______ policies are designed to reduce government deficits and debt accumulation. Expansionary Monetary Fiscal Austerity 11. Many countries aim to achieve a ______ economy, balancing both growth and sustainability. deflated stable volatile inflated 12. Trade ______ can affect the balance of imports and exports, impacting a country’s economy. agreements barriers policies alliances 13. The central bank raised interest rates to curb ______ and stabilize the economy. deflation inflation regression stagnation 14. The government’s ______ policy aims to promote sustainable development and reduce environmental impact. fiscal expansionary green monetary 15. ______ agreements between countries can lead to increased economic cooperation and growth. Bilateral Diplomatic Trade Peace 16. The government introduced new tax ______ to stimulate economic growth and encourage investment. incentives breaks levies penalties 17. The economic ______ was characterized by a significant decline in GDP and widespread unemployment. recession boom recovery expansion 18. Many developing countries rely on ______ from international organizations to support their economies. trade loans aid investment Your score is The average score is 50% 0% Restart quiz