Vocab 5

Question 1

Autarky

Answer 1

economic independence or self-sufficiency

Question 2

bespoke

Answer 2

made for a particular customer or user

Question 3

sanction

Answer 3

threatened penalty for disobeying law or rule

Question 4

daunting

Answer 4

intimidating

Question 5

FOMO

Answer 5

fear of missing out

Question 6

elephant in the room

Answer 6

a major problem or controversial issue that is obviously present but avoided as a subject for discussion because it is more comfortable to do so, example, selling guns to 18 year olds

Question 7

white elephant

Answer 7

ChatGPT
A “white elephant” typically refers to something that is costly to maintain or difficult to dispose of, often with little or no use or value. It can refer to a physical object, such as a property or a possession, or it can represent a project, program, or investment that proves to be burdensome or ineffective.

The term “white elephant” originates from Southeast Asia, where albino elephants were considered sacred and were traditionally given as gifts to monarchs and wealthy individuals. However, due to their rarity and the costs associated with their care, these elephants often became financial burdens rather than assets.

In modern usage, a white elephant might refer to a property or possession that is expensive to maintain, difficult to sell, or serves little practical purpose. For example, a large, extravagant house in a remote location might become a white elephant if it proves too costly to maintain and difficult to sell. Similarly, a costly piece of equipment or infrastructure project that fails to generate the expected benefits could also be considered a white elephant.

In a broader sense, the term can also be used metaphorically to describe any venture or endeavor that becomes more of a liability than an asset due to its high cost, low utility, or inability to meet its intended goals.

Question 8

moral hazard

Answer 8

ChatGPT
Moral hazard refers to the increased risk-taking behavior of individuals or entities when they are insured against potential losses or protected from the consequences of their actions. Essentially, it’s the tendency for people to take on more risk or act less responsibly when they know they are shielded from some or all of the negative consequences of their actions.

In the context of finance and economics, moral hazard often arises in situations where one party, typically a lender or insurer, assumes some of the risk associated with another party’s actions. For example:

Banking: If banks know that they will be bailed out by the government in case of financial distress, they might engage in overly risky lending practices, assuming that they won’t bear the full consequences of their actions.
Insurance: When individuals have insurance coverage for certain risks, such as health insurance or home insurance, they might engage in riskier behaviors or be less vigilant about preventing losses because they know they will be reimbursed by the insurer.
Investing: Investors may take on excessive risks if they believe they will be rescued from losses, leading to speculative bubbles or market distortions.
Moral hazard can distort incentives and lead to inefficient outcomes in markets, as it encourages behavior that would not occur if individuals or entities bore the full consequences of their actions. It’s an important concept in risk management and policy design, as mitigating moral hazard is often critical for maintaining stability and efficiency in financial and economic systems.

Question 9

GOAT

Answer 9

Greatest of all time

Question 10

Congestive heart failure

Answer 10

heart failure in which the heart is unable to maintain an adequate circulation of blood in the bodily tissues or to pump out the venous blood returned to it by the veins

Question 11

chemotherapy

Answer 11

the therapeutic use of chemical agents to treat disease
especially : the administration of one or more cytotoxic drugs to destroy or inhibit the growth and division of malignant cells in the treatment of cancer

Question 12

cognitive behavior therapy

Answer 12

psychotherapy that combines cognitive therapy with behavior therapy by identifying faulty or maladaptive patterns of thinking, emotional response, or behavior and substituting them with desirable patterns of thinking, emotional response, or behavior —abbreviation CBT

Question 13

cognitive therapy

Answer 13

psychotherapy that emphasizes the substitution of desirable patterns of thinking for maladaptive or faulty ones

Question 14

anodyne

Answer 14

something that soothes, calms, or comforts
//The sweetness of sojourn there … was an anodyne for the sorrows the pilgrims had endured …
— Amy Kelly
2 : a drug that allays pain

Question 15

Quesadilla

Answer 15

tortilla filled with cheese and often a savory mixture (as of meat and vegetables), folded, and usually fried

Question 16

Tortilla

Answer 16

a thin round of unleavened cornmeal or wheat flour bread usually eaten hot with a topping or filling (as of ground meat or cheese)

Question 17

Quinoa

Answer 17

: an annual herb (Chenopodium quinoa) of the goosefoot family that is native to the Andean highlands and is cultivated for its starchy seeds which are used as food and ground into flour

Question 18

Cilantro

Answer 18

Cilantro, also known as coriander leaves or Chinese parsley, is a popular herb used in many cuisines around the world. It is native to regions spanning from southern Europe and northern Africa to southwestern Asia. Cilantro is widely recognized for its distinctive flavor and aroma, which is often described as citrusy, fresh, and slightly peppery.

Both the leaves and the seeds of the cilantro plant are used in cooking, although they have different flavors. The leaves, which are the most commonly used part, are often added fresh to dishes as a garnish or incorporated into salads, salsas, curries, soups, and various other dishes. The seeds, known as coriander seeds, have a slightly different flavor profile and are commonly used as a spice in cooking, particularly in Indian, Middle Eastern, and Asian cuisines.

Cilantro is rich in nutrients such as vitamin K, vitamin C, and potassium, and it is also believed to have antioxidant properties.

Question 19

what is the difference between misinformation and disinformation?

Answer 19

disinformation s false information deliberately spread to deceive people
misinformation is false information, but it is not deliberate.

Question 20

writ large

Answer 20

“Writ large” is a phrase used to emphasize that something is true or applicable on a larger scale or in a broader context. It’s often used to indicate that a particular characteristic or aspect of something is not limited to a specific instance but is representative of a larger pattern or trend. For example, if someone says, “The issues we face in this community are writ large across the entire country,” they mean that the problems in their local area are reflective of similar problems occurring nationwide. In essence, “writ large” signifies an expansion or extension of a concept or idea to a broader scope.

Question 21

intuitive

Answer 21

ChatGPT
“Intuitive” refers to the ability to understand or know something without the need for conscious reasoning or explicit instruction. It often involves relying on instincts, gut feelings, or immediate understanding without the need for extensive analysis or evidence.

In various contexts, “intuitive” can mean:

Understanding without reasoning: Someone might have an intuitive understanding of a concept, meaning they grasp it instinctively or immediately without needing to analyze it step by step.
Ease of use: In design or user experience, intuitive often describes something that is easy to understand and use without requiring a lot of explanation or training. For example, an intuitive user interface on software means that users can navigate and use the program without much prior knowledge or instruction.
Instinctive decision-making: Intuitive decision-making involves making judgments or choices based on instinct or intuition rather than relying solely on rational analysis or explicit reasoning.
Perceiving patterns or relationships: Intuition can also involve the ability to perceive patterns or relationships between things without conscious effort, such as recognizing connections between seemingly unrelated events or ideas.
Overall, intuition plays a significant role in human cognition and decision-making, often complementing rational thought processes and providing insights that might not be immediately obvious through logical analysis.

Question 22

empirical

Answer 22

ChatGPT
“Empirical” refers to knowledge or information that is based on observation, experience, or evidence rather than theory or pure logic. It involves using direct observation or experimentation to gather data and draw conclusions about the world.

In various fields such as science, research, and statistics, empirical evidence plays a crucial role in understanding phenomena, testing hypotheses, and building theories. Empirical research involves systematically collecting and analyzing data to answer specific questions or test hypotheses, with the goal of producing reliable and objective knowledge.

Key characteristics of empirical evidence include:

Observation: Empirical evidence is based on observations of real-world phenomena, whether through direct observation, measurement, experimentation, or data collection.
Verification: Empirical evidence can be verified or confirmed through repeated observation or experimentation by different researchers or in different contexts.
Objectivity: Empirical evidence aims to be objective and unbiased, relying on systematic methods of data collection and analysis to minimize subjective interpretation or opinion.
Falsifiability: Empirical claims or hypotheses must be testable and potentially falsifiable, meaning they can be proven wrong through observation or experimentation.
Examples of empirical evidence include experimental results in the natural sciences, survey data in social sciences, and observational data in fields such as astronomy or ecology. Empirical research forms the foundation of evidence-based decision-making and contributes to the advancement of knowledge in various disciplines.