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