Task 3. Miscellaneous Economics A) Deregulating markets Complete the table with the correct form of the given words.
Verb
Agent
General noun
Adjective
-
monopoly
competitor
deregulate
-
-
authorized
legislator
protection
nationalize
-
regulator
partnership
-
trader
traded/trading
-
subsidized
B) Use appropriate forms of these words to complete the text.
C) Economic performance The sentences below are extracts from a newspaper report on economic performance. Choose the correct explanation for the words in italics from a), b), or c).
1 Retail sales continued to grow in March, confirming the trend begun in the pre-Christmas boom, according to Paul Figg, of IMA Consultants. a) sales in the shops
b) sales of clothes
c) factory prices
2 Consumer demand will help economic growth, forecast at 4% for the year. a) price rises
b) jobs
c) total national income
3 Higher consumption of imported goods could result in a worsening trade deficit. a) decline in trade
b) negative balance of value of exports and imports
c) inflation
4 Uncertainty in the industrial job market is creating a lack of consumer confidence. a) employment in manufacturing
b) spending in the shops
c) feel-good factor in ordinary people
5 Manufacturing output is lower and exports have almost halved. a) building new factories
b) industrial production
c) employment in factories
6 There is a problem of excessive stock levels which means there are no new jobs. a) goods waiting to be sold
b) strikes
cj high prices
7 There is an economic slowdown in most major export markets. a) countries which normally export to this country.
b) countries which normally buy from us.
c) stock exchanges
D) Choose the best word to complete the sentence. 1 confidant / confident He feels _________________ winning the election.
I can talk to her about my personal matters, she is my ____________________.
2 continual / continuous ___________________ demands for improved working conditions made our boss crazy. The government is under _________________ pressure to reform the parliamentary system. 3 cosign / cosine The ratio of the length of the side next to an angle less than 90°, divided by the length of the hypotenuse is known as ________________________.
To validate the contract you must __________________________ it.
4 council / counsel (verb, noun)
This play is supported by a grant from the local arts ____________________.
The police have provided experts to ____________________ local people affected by the tragedy.
5 cite / sight / site The old woman has lost her ___________________.
The council haven't yet chosen the __________________ for the new hospital.
She __________________ three reasons why people get into debt.
3 Listening
Task 1. Listen to the interview with a CEO and do the following exercises. 1 Read statements 1-4. What is your opinion? Write 'Agree' or 'Disagree' in the column headed 'My opinion'.
My opinion
Lara's opinion
1 Having a 'Suggestions Box' at work is a good idea.
2 Email has made communication at work much easier.
3 Positive feedback should be given publicly as well as privately.
