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 central bank raised interest rates to curb ______ and stabilize the economy. stagnation regression inflation deflation 2. The ______ rate is a key indicator of a country’s economic health, reflecting the percentage of unemployed individuals in the workforce. employment unemployment participation inflation 3. The economic ______ was characterized by a significant decline in GDP and widespread unemployment. expansion recession recovery boom 4. The ______ sector includes industries such as banking, insurance, and real estate. agricultural service industrial financial 5. Free-market ______ advocate for minimal government intervention in the economy. critics advocates proponents detractors 6. The government’s ______ policy aims to promote sustainable development and reduce environmental impact. expansionary monetary fiscal green 7. Many developing countries rely on ______ from international organizations to support their economies. trade investment loans aid 8. The ______ market is highly volatile, with prices fluctuating based on investor sentiment. real estate currency commodity stock 9. Government ______ play a crucial role in regulating market activities and ensuring fair competition. interventions tariffs subsidies policies 10. The government introduced new tax ______ to stimulate economic growth and encourage investment. penalties breaks incentives levies 11. Economic ______ refers to the decrease in the value of goods and services over time. deflation inflation stagnation recession 12. Trade ______ can affect the balance of imports and exports, impacting a country’s economy. policies alliances barriers agreements 13. ______ agreements between countries can lead to increased economic cooperation and growth. Diplomatic Peace Bilateral Trade 14. ______ policies are designed to reduce government deficits and debt accumulation. Monetary Fiscal Expansionary Austerity 15. Income ______ remains a significant issue in many developed and developing countries, affecting economic stability. stagnation inequality distribution equality 16. Many countries aim to achieve a ______ economy, balancing both growth and sustainability. inflated stable deflated volatile 17. The ______ sector of the economy includes industries involved in the extraction and production of raw materials. secondary quaternary tertiary primary 18. The concept of ______ involves government ownership and control of major industries. privatization nationalization liberalization deregulation Your score is The average score is 65% 0% Restart quiz