Vocabulary Mastery Challenge 1

What does 'prosperity' mean?

• A type of financial investment strategy.

• A state of flourishing or successful growth, often associated with wealth and well-being.

• A measure of physical strength and endurance.

• A temporary state of decline or failure.

Answer explanation

'Prosperity' refers to a state of flourishing or successful growth, particularly in terms of wealth and well-being, making the second choice the correct answer.

Provide a synonym for 'manipulation'.

• deception

• control

• neglect

• abandonment

Answer explanation

The term 'manipulation' often implies exerting influence or control over something or someone. Among the answer choices, 'control' is the closest synonym, as it reflects the act of managing or directing actions.

What is the definition of 'plunge'?

• To walk casually without urgency.

• To rise slowly and steadily.

• To dive or fall suddenly and steeply.

• To swim gracefully in water.

Answer explanation

The correct definition of 'plunge' is to dive or fall suddenly and steeply, which captures the essence of a rapid descent. The other options describe different actions that do not align with this meaning.

What does 'evaporate' imply in a financial context?

• The stabilization of financial markets.

• The transfer of assets to another party.

• The loss or disappearance of value or assets.

• The increase of value or assets.

Answer explanation

In a financial context, 'evaporate' refers to the loss or disappearance of value or assets, indicating a decline in worth rather than stability or growth.

Define 'distribution' in economic terms.

• Distribution refers to the total production of goods in an economy.

• Distribution is the process of increasing the prices of goods and services.

• Distribution means the geographical spread of resources in a country.

• Distribution in economic terms is the allocation of output, income, or wealth among individuals or groups.

Answer explanation

Distribution in economic terms specifically refers to how output, income, or wealth is allocated among individuals or groups, making the correct choice the one that accurately defines this concept.

What is a synonym for 'collapse'?

• fall

• shatter

• break

• disintegrate

Answer explanation

The word 'fall' is a direct synonym for 'collapse', as both imply a downward movement or failure. Other options like 'shatter', 'break', and 'disintegrate' suggest different meanings and are not synonymous.

Explain the term 'recovery' in economics.

• Recovery refers to a period of economic decline.

• Recovery is when the economy remains stagnant after a recession.

• Recovery indicates a decrease in employment rates.

• Recovery in economics is the phase where the economy grows after a recession.

Answer explanation

Recovery in economics specifically refers to the phase where the economy begins to grow again after a recession, indicating a positive shift in economic activity, unlike the other options which describe negative or stagnant conditions.

What does it mean to 'plummet'?

• To rise gradually and steadily.

• To fall or drop suddenly and steeply.

• To remain in the same position without change.

• To float gently in the air.

Answer explanation

To 'plummet' means to fall or drop suddenly and steeply, which is accurately described by the correct choice. The other options describe different actions that do not align with the meaning of 'plummet'.

Provide a synonym for 'skyrocket'.

• plummet

• descend

• soar

• sink

Answer explanation

The word 'skyrocket' means to rise rapidly or increase sharply. The synonym 'soar' captures this meaning, as it also implies a significant upward movement. In contrast, 'plummet', 'descend', and 'sink' suggest a downward movement.

How can 'stifle' be interpreted in a business environment?

• To encourage risk-taking and experimentation.

• To suppress or hinder creativity and innovation.

• To enhance teamwork and collaboration.

• To promote open communication and feedback.

Answer explanation

In a business environment, 'stifle' means to suppress or hinder creativity and innovation, which can limit growth and adaptability. This interpretation highlights the negative impact on a company's ability to innovate.