Economics Vocabulary Quiz

The professor gave a thorough __________ on how inflation affects the economy.

• exposition

• explosion

• exclusion

• expedition

Economists need to _____________ the challenges of rising unemployment during recessions.

• tackle

• tickle

• ignore

• observe

Understanding the _______________ of market trends can help investors make better decisions.

• subtleties

• simplicities

• mistakes

• irrelevancies

It may seem ________________, but higher interest rates can sometimes boost investment.

• obvious

• expected

• counterintuitive

• logical

Learning about supply and demand can ________________ in predicting price changes.

• prove useful

• be harmful

• cause confusion

• be irrelevant

The report presented an __________________ version of the nation's economic growth over the years.

• distorted

• simplified

• criticized

• idealized

Some companies try to ________________ their competitive advantage to increase market share.

• neglect

• waste

• lose

• exploit

After a few months, the economy began to _________________ from the effects of the pandemic.

• decline

• rebound

• stagnate

• deteriorate

Their plans might ______________ if they do not prepare for unexpected costs.

• go awry

• succeed

• improve

• flourish

Many investors __________________ technology stocks for future financial success.

• disregard

• abandon

• pin hopes on

• ignore