The Big Reset - Economics

Question 1

h

Conventional

Answer 1

adjective
Traditional & ordinary
* We used to employ some very conventional marketing strategies.
* He usually dresses in a very conventional style.

Question 2

The convention

Answer 2

noun
The way that something is usually done
* The convention is to follow this procedure step by step without question.
* They are challenging the convention with their new smartphone design.

Question 3

Settle for something

Answer 3

phrasal verb
To accept or agree to something, although it’s not exactly what you want / the best
* He wasn’t accepted into any of the Ivy League universities so he had to settle for a community college.
* I’m afraid we will have to settle for economy class seats.

Question 4

Raw materials

Answer 4

noun
A material (like sugar, cotton or oil) in its natural state that will be used to make something else
* The cost of certain raw materials have been increasing lately.
* Many wars are fought over the acquisition of raw materials.

Question 5

Vigorous

Answer 5

adjective
Very forceful or energetic
* There was a really vigorous debate over the merger of the two companies.
* We saw some vigorous opposition to the building of that stadium.

Question 6

Facilitate

Answer 6

verb
To make something possible / easier
* Our new initiatives will facilitate growth in several key markets.
* Their change of leadership facilitated the advances we see.

Question 7

Organic

Answer 7

adjective
Happening or developing naturally over time
* His career has had a very organic development from his interests as a child.
* We have seen some organic growth in our overseas subsidiaries.

Question 8

Greed

Answer 8

noun
A strong desire to get more of something, especially money
* His greed has led to his company’s collapse.
* Greed is often at the center of capitalism.

Question 9

Shield oneself

Answer 9

phrasal verb
To protect oneself from something
* They were able to shield themselves from the financial crisis.
* We are trying to shield ourselves from economic harm.

Question 10

Robust

Answer 10

adjective
Strong and unlikely to break or fail
* Their economy now seems very robust.
* They were able to project some very robust profit margins.

Question 11

Public provisions

Answer 11

noun
Goods, services & facilities provided by the government for the benefit of the public
* Public provisions such as education and healthcare is key.
* Public safety and infrastructure are some of the public provisions most of our tax dollars are being spent on.

Question 12

Fundamentalist

Answer 12

noun
Someone who strictly follows certain ideologic beliefs
* Elon Musk has been accused of being a free speech fundamentalist.
* Free market fundamentalists believe that capitalism will always lead to the greater good for all.

Question 13

Blind (to something)

Answer 13

phrasal verb
To be unable to see or understand a particular truth
* She is blind to the fact that her husband has been cheating on her.
* I think most people are blind to their own biases.

Question 14

A living wage

Answer 14

noun
A salary that is high enough for the worker to maintain a normal standard of living
* In certain economies workers cannot even make a living wage.
* It is vital that we pay our staff in Vietnam a living wage.