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