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