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