Holiday Shopping Economic Signs Quiz

What does the term 'pent-up demand' refer to?

• D. The interest rates earned on investments.

• C. The criteria used to assess the creditworthiness of borrowers.

• B. The reduction of prices sharply.

• A. The accumulation of consumer demand for a product or service that has been postponed or delayed.

What does the term 'disastrous' mean in the context of the article?

• A. The accumulation of consumer demand for a product or service that has been postponed or delayed.

• B. A thing that is worthless or ineffective.

• C. A crucial period that can determine the success or failure of a business or individual.

• D. Causing feelings of dread or fear.

Answer explanation

The term 'disastrous' in the context of the article means a thing that is worthless or ineffective. It highlights choice B as the correct answer.

What is the meaning of 'ominous' as used in the article?

• A. To ignite or cause something to start suddenly and quickly.

• B. To return to a previous state or condition.

• D. To reduce prices sharply.

• C. To hang threateningly or ominously over something or someone.

Answer explanation

The word 'ominous' in the article means to hang threateningly or ominously over something or someone. This is highlighted by choice C, 'To hang threateningly or ominously over something or someone.'

What is the definition of 'inventory-to-sales ratio'?

• D. The accumulation of consumer demand for a product or service that has been postponed or delayed.

• C. A difficult situation caused by lack of money.

• B. A measure of how quickly a company sells its inventory compared to its purchases.

• A. The interest rates earned on investments.

What does the term 'crunch' refer to in the article?

• C. A distinctive quality or characteristic.

• B. The act of reducing prices.

• D. A situation in which progress is hindered by a shortage of resources.

• A. A difficult situation caused by lack of money.

What is the meaning of 'gloomy' as used in the article?

• C. A difficult situation caused by lack of money.

• D. The accumulation of consumer demand for a product or service that has been postponed or delayed.

• B. A measure of how quickly a company sells its inventory compared to its purchases.

• A. The interest rates earned on investments.

Answer explanation

What does the term 'the excess' mean in the context of the article?

• A. To increase quickly.

• D. A shortage of something.

• B. Weighted towards the end.

• C. To move or change in the opposite direction.

Answer explanation

The term 'back-end loaded' means weighted towards the end. It refers to something that is concentrated or focused on the later part.

What is the definition of 'delinquencies'?

• D. A situation in which progress is hindered by a shortage of resources.

• C. A distinctive quality or characteristic.

• B. To increase quickly.

• A. To become physical or visible.

Answer explanation

The definition of 'pay down' is to increase quickly.

What does the term 'materialized' mean in the context of the article?

• D. A distinctive quality or characteristic.

• C. The act of reducing prices.

• B. Not pretentious or ostentatious.

• A. To become physical or visible.

What is the meaning of 'modest' as used in the article?

• B. Not pretentious or ostentatious.

• D. To reduce prices sharply.

• A. To ignite or cause something to start suddenly and quickly.

• C. To hang threateningly or ominously over something or someone.