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