free Online Test Cloze Test Questions and Answers Quiz 66
Description: Free Online Test questions and answers on Cloze Test with explanation for various competitive exams,entrance test. Solved examples with detailed answer test 66
"In the middle of difficulty lies opportunity."
- Albert Einstein
Directions(1 to 10):In economics, the term recession generally
describes the reduction of a country’s Gross Domestic
Product (GDP) for at least two quarters. A recession
is (1)by rising unemployment, increase in government
borrowing, (2) of share and stock prices, and falling
investment. All of these characteristics have effects
on people. Some recessions have been anticipated by
stock market declines. The real-estate market also
usually (3) before a recession. However, real-estate
declines can last much longer than recessions. During
an economic decline, high-(4)stocks such as financial
services, pharmaceuticals and tobacco (5) to hold up
better. However, when the economy starts to recover
growth, stocks tend to recover faster. There i s
significant disagreement about how health care and
utilities tend to (6).
In 2008, an economic recession was suggested by
several important indicators of economic downturn.
These (7) high oil prices, which led to (8) high food
prices due to a dependence of food production on
petroleum, as well as using food crop products such
as ethanol and biodiesel as an (9) to petroleum; and
global inflation; a substantial credit crisis leading to
the drastic bankruptcy of large and well (10)
investment banks as well as commercial banks in
various, diverse nations around the world; increased
unemployment; and signs of contemporaneous
economic downturns in major economics of the world,
a global recession.