Vocabulary Quiz. New Business. Unit 11.

126) The chamber of commerce recommended providing tax ______ to boost private sector investment.

incentives

127) It is necessary to know the _____ rate if you want to borrow money.

interest

128) Official rules, regulations and paperwork are collectively referred to as government _____.

bureaucracy

129) The government is making exports easier in order to improve the_____.

balance of trade

130) The control of money in the economy is known as_____.

monetary policy

131) Total value of goods and services produced in a country makes up _____.

gross domestic product

132) You can buy goods in other countries if you have a _____.

strong currency

133) The country is heading for a _____ because its industrial production is decreasing.

recession

134) Less government bureaucracy will encourage _____.

foreign investment

135) Due to a tight monetary policy the government managed to reduce _____ rate to 2%.

inflation

136) The situation when a country sells more goods to other countries than it buys from other countries is called _____.

trade surplus

137) I need to buy some dollars. Do you know the _____ rate?

exchange

138) The country was able to repay some of its loans from abroad and so reduced its _____.

foreign debt

139) A period when trade and business activity decreases is called _____.

recession

140) A large skilled _____ means there could be attractive investment opportunities over the next five years.

labour force