Economic Vocabulary Quiz
10 Questions
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Economic Vocabulary Quiz

Created by
@QuietRubidium

Questions and Answers

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

  • Supplementary
  • Alternative
  • Predominant (correct)
  • Secondary
  • John is going to intentionally _ on his student loan repayments in order to buy a motorcycle.

  • Negotiate
  • Default (correct)
  • Secure
  • Prepay
  • When James was unable to find a job during the _, he created his own company.

  • Recovery
  • Expansion
  • Recession (correct)
  • Boom
  • According to school policy, the principal has the authority to _ suspicious items from students.

    <p>Confiscate</p> Signup and view all the answers

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

    <p>Concurrent</p> Signup and view all the answers

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

    <p>Prerequisite</p> Signup and view all the answers

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

    <p>Constitute</p> Signup and view all the answers

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

    <p>Hypothetical</p> Signup and view all the answers

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

    <p>Decipher</p> Signup and view all the answers

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

    <p>Nominal</p> Signup and view all the answers

    Study Notes

    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.

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    Description

    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.

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