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. expansionary monetary green fiscal 2. The ______ sector includes industries such as banking, insurance, and real estate. service financial industrial agricultural 3. Free-market ______ advocate for minimal government intervention in the economy. proponents advocates detractors critics 4. Trade ______ can affect the balance of imports and exports, impacting a country’s economy. agreements alliances barriers policies 5. The ______ market is highly volatile, with prices fluctuating based on investor sentiment. stock real estate currency commodity 6. ______ policies are designed to reduce government deficits and debt accumulation. Monetary Austerity Expansionary Fiscal 7. The government introduced new tax ______ to stimulate economic growth and encourage investment. levies incentives breaks penalties 8. Government ______ play a crucial role in regulating market activities and ensuring fair competition. interventions subsidies tariffs policies 9. Income ______ remains a significant issue in many developed and developing countries, affecting economic stability. inequality distribution equality stagnation 10. Many developing countries rely on ______ from international organizations to support their economies. investment aid trade loans 11. The ______ rate is a key indicator of a country’s economic health, reflecting the percentage of unemployed individuals in the workforce. unemployment inflation employment participation 12. ______ agreements between countries can lead to increased economic cooperation and growth. Peace Bilateral Diplomatic Trade 13. Many countries aim to achieve a ______ economy, balancing both growth and sustainability. deflated volatile inflated stable 14. The central bank raised interest rates to curb ______ and stabilize the economy. inflation stagnation deflation regression 15. The economic ______ was characterized by a significant decline in GDP and widespread unemployment. recession recovery boom expansion 16. The ______ sector of the economy includes industries involved in the extraction and production of raw materials. secondary tertiary primary quaternary 17. Economic ______ refers to the decrease in the value of goods and services over time. deflation recession inflation stagnation 18. The concept of ______ involves government ownership and control of major industries. deregulation privatization liberalization nationalization Your score is The average score is 50% 0% Restart quiz