Economic Vocabulary Quiz

Researchers hope solar power will soon replace gasoline as the world's _ fuel source.

John is going to intentionally _ on his student loan repayments in order to buy a motorcycle.

When James was unable to find a job during the _, he created his own company.

According to school policy, the principal has the authority to _ suspicious items from students.

Fortunately my children have _ birthdays so I only have to buy one birthday cake.

The government has repeatedly called for a _ ceasefire as a prerequisite for talks with the rebels.

While Greg is a key player, he does not _ the entire football team.

Rather than admit her guilt, the little girl told a _ story about a boy who had stolen cupcakes.

There was no way I could _ my doctor's handwriting.

There is a _ fee added to the ticket price of all 3D movies.

Vocabulary Study Notes

Predominant: Describes the hope for solar power to become the leading fuel source globally, replacing gasoline.
Default: John plans to intentionally miss payments on his student loans to finance a motorcycle, illustrating a deliberate choice to not fulfill a financial obligation.
Recession: During an economic downturn, James responded to job scarcity by starting his own business instead of waiting for employment opportunities.
Confiscate: School policy empowers the principal to seize any items deemed suspicious from students, highlighting authority in maintaining safety.
Concurrent: The benefit of having children with overlapping birthdays allows for a single birthday cake, showcasing practicality in celebration logistics.
Prerequisite: The government insists on a necessary ceasefire before initiating discussions with rebel groups, emphasizing conditions for diplomatic engagement.
Constitute: Despite Greg's important role, it is noted that he does not represent or make up the entirety of the football team, indicating the collaborative nature of team dynamics.
Hypothetical: The little girl chooses to share a fabricated story about a boy stealing cupcakes as a way to avoid admitting her own wrongdoing, demonstrating avoidance behavior in children.
Decipher: The difficulty in understanding a doctor's illegible handwriting showcases challenges in communication, particularly in medical contexts.
Nominal: A small additional fee is included in the ticket price for all 3D movies, indicating extra costs associated with enhanced viewing experiences.

Test your knowledge of key economic terms with this quiz. Each question focuses on a word commonly used in discussions about finance and economics. Perfect for students looking to enhance their vocabulary in this essential subject area.