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