IELTS Reading Practice(Academic) Test -5
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16. Question
19. Traditional economic models assume individuals make decisions by available information.
20. Bounded rationality was proposed by .
21. Prospect theory was developed by .
22. The policy approach of “nudging” aims to without restricting freedom.
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Question 17 of 27
17. Question
Behavioral economics challenges traditional models that assume (23). Key concepts include (24), where losses affect decisions more than gains. Policies like (25) use subtle changes to influence behavior, while the (26) shows how choice presentation alters outcomes.
Word Bank
A. nudging
B. framing effect
C. irrationality
D. loss aversion
E. utility maximization
F. herd behavior
G. rationalityCorrectIncorrect -
Question 18 of 27
18. Question
Stars begin their lifecycles within 27 , where gravitational forces create protostars. Nuclear fusion marks the birth of a star, with smaller stars becoming 28, while massive stars end in explosive 29. Galactic collisions can lead to 30 of new stars. The universe’s expansion supports the 31 theory, explaining its origin and evolution.
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