Money/ business and consumerism (Medium) Quiz Home › IELTS › IELTS English Vocabulary › Money/ business and consumerism (Medium) 📝 IELTS – English Vocabulary – Money/ business and consumerism – Medium 20 questions · 15 min timer · Explanations included · Free 1. What does the term 'inflation' refer to in economics? A decrease in the general price level of goods and services. An increase in the general price level of goods and services. The total value of goods produced in a country. A measure of a country's economic output. None 1 out of 18 2. What is 'economies of scale'? The cost advantage of producing a single product. The cost advantage of increasing production. The cost disadvantage of producing multiple products. The cost disadvantage of reducing production. None 2 out of 18 Loading questions... 3 out of 18 Loading questions... 4 out of 18 Loading questions... 5 out of 18 Loading questions... 6 out of 18 Loading questions... 7 out of 18 Loading questions... 8 out of 18 Loading questions... 9 out of 18 Loading questions... 10 out of 18 Loading questions... 11 out of 18 Loading questions... 12 out of 18 Loading questions... 13 out of 18 Loading questions... 14 out of 18 Loading questions... 15 out of 18 Loading questions... 16 out of 18 Loading questions... 17 out of 18 Loading questions... 18 out of 18 Click Submit to see your final score! Previous Start Quiz Next Time's upTime is Up!
