Re: The global nature of the modern economy means that a financial (i) in
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05 Feb 2022, 02:33
OE
The first blank describes a bad economic situation—one that would create “detrimental effects in other regions.” The second blank describes the kind of damage experienced by fragile economies—those that are “least prepared to deal with a crisis.” "Detrimental effects” is a strong clue, which makes the first blank a good place to start. Predicting a simple negative word like problem will allow you to work through the choices. (B) quagmire means “a bad situation that is difficult to escape,” which fits the prediction nicely. (A) boon, meaning “a benefit or advantage,” is the opposite of the prediction, and (C) variation is too neutral for the the context because "change" can be bad, good, or neither.
“Moreover” serves as a straight-ahead road sign. What kind of "damage" would you expect a bad financial situation to have on a fragile economy? Predict a word like severe for the second blank. (D) onerous is a good match since it means “hard to deal with or burdensome.” (E) ephemeral would mean that the damage is "short-lived," but if anything, the text indicates otherwise. (F) avoidable is incorrect since the first sentence points out that it is nearly impossible for negative effects in one part of the world not to spread to other parts of the world.