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