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 government introduced new tax ______ to stimulate economic growth and encourage investment. incentives breaks levies penalties 2. The ______ sector of the economy includes industries involved in the extraction and production of raw materials. tertiary primary quaternary secondary 3. Income ______ remains a significant issue in many developed and developing countries, affecting economic stability. distribution equality stagnation inequality 4. Government ______ play a crucial role in regulating market activities and ensuring fair competition. tariffs policies interventions subsidies 5. The government’s ______ policy aims to promote sustainable development and reduce environmental impact. green fiscal expansionary monetary 6. The ______ rate is a key indicator of a country’s economic health, reflecting the percentage of unemployed individuals in the workforce. employment participation unemployment inflation 7. The economic ______ was characterized by a significant decline in GDP and widespread unemployment. recession recovery expansion boom 8. Free-market ______ advocate for minimal government intervention in the economy. advocates critics detractors proponents 9. The concept of ______ involves government ownership and control of major industries. privatization nationalization liberalization deregulation 10. The ______ market is highly volatile, with prices fluctuating based on investor sentiment. stock real estate commodity currency 11. Economic ______ refers to the decrease in the value of goods and services over time. stagnation inflation recession deflation 12. Many countries aim to achieve a ______ economy, balancing both growth and sustainability. volatile deflated inflated stable 13. Trade ______ can affect the balance of imports and exports, impacting a country’s economy. policies agreements barriers alliances 14. The central bank raised interest rates to curb ______ and stabilize the economy. regression deflation inflation stagnation 15. ______ agreements between countries can lead to increased economic cooperation and growth. Diplomatic Peace Trade Bilateral 16. Many developing countries rely on ______ from international organizations to support their economies. aid investment loans trade 17. The ______ sector includes industries such as banking, insurance, and real estate. industrial financial service agricultural 18. ______ policies are designed to reduce government deficits and debt accumulation. Austerity Expansionary Monetary Fiscal Your score is The average score is 52% 0% Restart quiz
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