In the following passage, some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each number. A knowledge economy is either economy of knowledge focused on the economy of the producing and management of knowledge or a knowledge-based economy. In the second meaning, more (1) _____ used, it is a phrase that refers to the use of (2) ______ to produce economic benefits. The (3) ______ was popularized by Peter Drucker in his book the Age of Discontinuity.
In this new economy, it is (4) _____ that the key to success is "knowledge". But the rules and (5) ______ that determine (6)_____ in the industrial economy of the 20th Century need rewriting in an interconnected (7) _____ where resources such as know-how are more (8) _____ than other economic resources. These rules need to be rewritten at the (9) _____ of firms and industries in terms of knowledge policy or knowledge-related policy. (10) ______, this means that business must be in a constant process of change and adaptation to the new economic realities.
Which of the following words should be filled at (3) as per the context of the passage from the given options?
phrase
Understanding the Knowledge Economy Passage
This question asks us to identify the correct word to fill in blank number (3) within a passage about the "knowledge economy". The passage explains what a knowledge economy is and how the concept evolved. We need to carefully read the context surrounding the blank to make the best choice.
Analyzing Blank (3) Context
Let's look at the sentence containing blank (3): "The (3) ______ was popularized by Peter Drucker in his book the Age of Discontinuity."
To determine the correct word for blank (3), we should examine the sentences immediately before and after it:
- Preceding sentence: "In the second meaning, more (1) _____ used, it is a phrase that refers to the use of (2) ______ to produce economic benefits." This sentence mentions the use of the word "phrase" to describe the concept.
- Focus: The sentence with blank (3) refers to something that was "popularized by Peter Drucker". Given the preceding sentence uses the word "phrase", it is highly likely that this "phrase" (referring to the term or concept itself) is what Peter Drucker popularized.
Evaluating Options for Blank (3)
Now let's look at the options provided for blank (3):
- Option 1: phrase - This word aligns perfectly with the context established in the previous sentence. Peter Drucker popularized the term or concept, which can be described as a "phrase".
- Option 2: clause - A "clause" is a grammatical unit within a sentence. It does not fit the context of popularizing an economic concept or term.
- Option 3: example - While Peter Drucker might have used examples, the sentence structure implies he popularized the term itself, not just an example of it. The use of "phrase" in the prior sentence makes this less likely.
- Option 4: language - "Language" is too general. While the concept is expressed in language, Peter Drucker popularized the specific economic term or concept, which is better described as a "phrase" in this context.
Conclusion for Blank (3)
Based on the contextual clues, especially the use of the word "phrase" in the sentence immediately preceding the blank, the most suitable word for blank (3) is "phrase". Peter Drucker is credited with popularizing the phrase "knowledge-based economy" or related concepts.
Important Questions from Vocab and Grammar Based Questions
Select the most appropriate option that will fill in the blank number 2.
Select the most appropriate option that will fill in the blank number 3.
Select the most appropriate option that will fill in the blank number 4.
Select the most appropriate option that will fill in the blank number 5.
Select the most appropriate option to fill in blank number 1.
