QUESTION IMAGE
Question
match the words with the descriptions.
2.6 ____ economy
2.7 ____ supply
2.8 ____ currency
2.9 ____ inflation
2.10 ____ demand
2.11 ____ convention
a. anything that is used as money
b. how much people want a good or service
c. the way goods and services are bought and sold in an area or country
d. an increase in prices as a currency loses value
e. how much of a good or service is available
f. a meeting of people for a common reason
- For "economy", the description about the buying and selling of goods/services in an area (option C) matches.
- "Supply" refers to the availability of a good/service, so it matches E.
- "Currency" is what's used as money, so A.
- "Inflation" is price increase with currency devaluation, so D.
- "Demand" is how much people want a good/service, so B.
- "Convention" is a meeting for a common reason, so F.
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2.6 economy - C. the way goods and services are bought and sold in an area or country
2.7 supply - E. how much of a good or service is available
2.8 currency - A. anything that is used as money
2.9 inflation - D. an increase in prices as a currency loses value
2.10 demand - B. how much people want a good or service
2.11 convention - F. a meeting of people for a common reason