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Economy and business
IELTS · Vocabulary · 6 questions
Name: ____________________ Date: ____________
'Inflation' is a general rise in:
- A Prices
- B Wages only
- C Temperatures
- D Exports only
A 'consumer' is someone who:
- A Makes goods
- B Teaches
- C Lends land
- D Buys goods or services
'Exports' are goods that a country:
- A Produces at home only
- B Buys from other countries
- C Keeps for itself
- D Sells to other countries
A 'budget' is a plan for:
- A Spending and saving money
- B Planning a trip only
- C Writing an essay
- D Building a house
To 'invest' means to:
- A Put money into something to make a profit
- B Borrow money
- C Waste money
- D Give money away
A 'shortage' means there is:
- A Not enough of something
- B Too much of something
- C No demand
- D The right amount
Answer key
1. A, 2. D, 3. D, 4. A, 5. A, 6. A
Inflation means prices rise over time.
Consumers purchase and use goods.
Exports go abroad to be sold.
A budget sets out expected income and spending.
Investors expect a return.
A shortage is when supply is too low.