Wed_Unit 1: Economics in a modern world

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Vocabulary Game

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Michael Vo

Viet Nam

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Unit 1: Economics in a modern world

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Wed_Unit 1: Economics in a modern world


Froggy Jumps Wed_Unit 1: Economics in a modern worldVersion en ligne Vocabulary Game par Michael Vo 1 The government is investing heavily in renewable energy sources to ensure a sustainable future. This move is seen as a crucial step toward addressing __________ issues like climate change. a Allocation b Societal c Scarcity 2 A successful business must effectively __________ its resources to maximize productivity and minimize waste. a Allocate b Hedge c Incentivize 3 The recent __________ in inflation has made it harder for consumers to maintain their standard of living. a Benchmark b Indicator c Rise 4 A __________ is a financial contract that derives its value from the performance of an underlying asset, such as a stock or commodity. a Derivative b Wage c Security 5 When the company’s profits __________ expectations, the stock price soared in the market. a Exceed b Track c Hedge 6 The concept of __________ is fundamental in economics, as it refers to the limited availability of resources to meet unlimited wants. a Utility b Scarcity c Inequality 7 The central bank uses key economic __________ such as GDP growth and unemployment rates to gauge the health of the economy. a Indicators b Advancements c Derivatives 8 Companies often __________ their portfolios to reduce risk by investing in different industries or regions. a Diversify b Gauge c Incentivize 9 In modern economies, __________ is often used to measure the output per worker or per hour of labor. a Consumption b Productivity c Wage 10 By buying __________ contracts, investors can hedge against potential losses in the stock market. a Incentives b Penalty c Futures 11 The company’s decision to purchase new machinery was driven by the need to increase operational __________ and reduce costs. a Utility b Efficiency c Scarcity 12 Rising income __________ between the rich and the poor has become a major concern for policymakers worldwide. a Benchmark b Inequality c Consumption 13 The __________ of resources to the healthcare sector was increased significantly during the pandemic. a Ownership b Allocation c Division 14 The company is entitled to the __________ of the intellectual property rights for its innovative product. a Ownership b Defence c Specialization 15 The __________ rate in the country has been rising steadily, reducing the purchasing power of consumers. a Inflation b Utility c Dispute

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Wed_Unit 1: Economics in a modern world

Froggy Jumps

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Wed_Unit 1: Economics in a modern worldVersion en ligne

par Michael Vo

The government is investing heavily in renewable energy sources to ensure a sustainable future. This move is seen as a crucial step toward addressing __________ issues like climate change.

A successful business must effectively __________ its resources to maximize productivity and minimize waste.

The recent __________ in inflation has made it harder for consumers to maintain their standard of living.

A __________ is a financial contract that derives its value from the performance of an underlying asset, such as a stock or commodity.

When the company’s profits __________ expectations, the stock price soared in the market.

The concept of __________ is fundamental in economics, as it refers to the limited availability of resources to meet unlimited wants.

The central bank uses key economic __________ such as GDP growth and unemployment rates to gauge the health of the economy.

Companies often __________ their portfolios to reduce risk by investing in different industries or regions.

In modern economies, __________ is often used to measure the output per worker or per hour of labor.

By buying __________ contracts, investors can hedge against potential losses in the stock market.

The company’s decision to purchase new machinery was driven by the need to increase operational __________ and reduce costs.

Rising income __________ between the rich and the poor has become a major concern for policymakers worldwide.

The __________ of resources to the healthcare sector was increased significantly during the pandemic.

The company is entitled to the __________ of the intellectual property rights for its innovative product.

The __________ rate in the country has been rising steadily, reducing the purchasing power of consumers.