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