Meaning: "toolkit" means a set of tools or ideas used together.

Wrong options:

• tool kit: This splits the word in two. It is one word. Check the letters: "toolkit". A small spelling mistake loses the mark.

Correct answer: discipline

Explanation: The speaker says "Economists like any other discipline rules". You need a word for a field, not a doing word.

Meaning: "discipline" means a field of study or area of learning.

Wrong options:

• disipline: It leaves out the "c". The right spelling is "discipline". Every letter must be correct to get the mark.
• disciplines: "disciplines" has an extra "s" at the end. The speaker says "discipline", with no "s".

Correct answer: concepts

Explanation: You hear "apply microeconomic concepts like". "Some" comes before it, so you need more than one. Do not forget the s at the end.

Meaning: "concepts" means ideas used to explain how things work.

Wrong options:

• conceps: It leaves out the "t". Write "concepts". Only the exact spelling gets the mark.
• concept: "concept" has no "s" at the end. The speaker says "concepts", so write the "s".

Correct answer: predictions

Explanation: Listen for "make predictions about the future". You need more than one, so it ends in s.

Meaning: "predictions" means statements about what will happen later.

Wrong options:

• predicitons: Two letters are in the wrong order. Write "predictions". Only the exact spelling gets the mark.
• prediction: "prediction" has no "s" at the end. The speaker says "predictions", so write the "s".