Do YOU know the difference between
ECONOMY, ECONOMICS, ECONOMIC AND ECONOMICAL?
There are plenty of terms you may come across while reading the news or discussing economic issues with your friends. However, a great number of these terms are often misused or y not understood by the general public.
If you want to be one of those who can use these terms properly, the only thing you need to do is to follow our series on Easily Confused Economic Terms!
Find below our Quick Guide to using these terms. Then scroll down for our quiz.
Economics, economy, economical or economic?
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Question 1 of 8
1. Question
The Department of …………………… at this university offers a number of undergraduate and graduate programs with an emphasis on business and finance.
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Question 2 of 8
2. Question
The latest edition of our UK …………………….. Outlook report suggests that GDP growth should proceed at a steady pace in 2015 and 2016 despite some headwinds from the global economy.
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Source: http://www.pwc.co.uk/services/economics-policy/insights/uk-economic-outlook.htmlIncorrect
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Question 3 of 8
3. Question
Just got to their website. They examined the 10 most ……………………….. cars that you can actually buy.
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Question 4 of 8
4. Question
Adam Smith, the father of modern …………………….., famously explained that it is possible to achieve the best economic benefit for all even when, and in fact because, individuals tend to act in their own self-interest.
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Question 5 of 8
5. Question
Italy’s ……………………… is the same size as it was in 2000 in real terms, whilst Canada’s has expanded by over 30%.
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Source: http://www.pwc.co.uk/issues/megatrends/shift-in-global-economic-power.htmlIncorrect
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Question 6 of 8
6. Question
I am often asked about where to do studies in ………………………. in the UK. Well, it is a question I need to think over before answering it.
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Question 7 of 8
7. Question
With regard to our serious financial problems, we need to make up our minds and think where we can make …………………. in our present services.
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Question 8 of 8
8. Question
Which are the cars that have automatic transmission and are still economical ………………… gas, CO2?
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