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