Across3. the movement of prices, income, rates etc as they increase and fall (11) 6. a difficult time when there is less trade, business activity etc in a country than usual (9) 7. the process of making unfairly large profits, especially by selling things that are very difficult to get at very high prices (12) 8. to reduce or limit something (7) 9. a share in a company (5) 10. the total amount of something, especially when it is large or increasing (6) 11. having no value, importance, or use (9) 12. a market where company shares are traded (14) | Down1. a product that can be sold to make a profit (9) 2. a person or organization that buys and sells securities, currencies, property, insurance etc for others (6) 3. the price for a futures contract (an arrangement to buy a particular currency, metal, farm product etc for a fixed price for delivery on a fixed date). (13) 4. something which is used to encourage people, especially to make them work harder (9) 5. to make a formal, usually public, promise that you will do something (6) 7. showing signs of being successful or good in the future (9) |
IV. Use the above words to describe operations on stock and commodity exchanges.
Text 9. Advertising
Read the text “Advertising” (English for students of Economics, p. 69) and do the following tasks:
I. Fill in the gaps with prepositions:
ü to be engaged … promoting
ü to wait …. customers
ü to be … inferior quality
ü to get people … the shop
ü to sell … a discount
ü new goods … the market
ü … time …. time
ü selling … catalogue
ü to offer … someone credit … goods
ü comparable …. the budget of another country
ü to spend funds … manufacture of goods
II. Solve the crossword:
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Across1. continuing to do something, although this is difficult, or other people warn you not to do it (10) 5. not good, or not as good as something or someone else (8) 8. a reduction in the cost of goods and services in relation to the normal cost (8) 9. to make something happen more quickly (10) 10. to have enough money to buy or pay for something (6) 11. to take goods or mail to a place (7) 13. an activity such as special advertisements or free goods intended to sell a product or service (9) 14. not costing very much to buy (5) | Down2. a small amount of a product that people can try to find out what it is like (6) 3. the act of sharing things among a large group of people in a planned way (12) 4. an advertisement on TV, radio, or at the cinema (10) 6. costing a lot of money (9) 7. something that you give someone, for example to thank them or because you like them, especially on a special occasion (4) 12. to combine your money, ideas, skills etc with other people so that you can all use them (4) |
plete the sentences with the words from task II:
1) If you would like to try a free ………. of Total Effects Daily Cleansing Treatments, just fill out the brief questionnaire below.
2) If she hadn't been so ………. she might not have got the job.
3) They usually give you a ……… if you buy multiple copies.
4) One of the company’s aim is eventual ………. of its products throughout the European Union.
5) These products are ………. to those we bought last year.
6) The top issue of the meeting was considering measures to ………. the rate of economic growth.
7) Investors agreed to ………. their resources to develop the property.
V. Use the above words to speak on the ways of advertising.
Text 10. Housing and mortgages
Read the text “Housing and mortgages” (English for students of Economics, p. 71) and do the following tasks:
I. Use the words to make word combinations as they are given in the text:
mortgage apartment climbing to impose loose borrowed real to out-distance to pocket original material | possession the difference building payment debt rent estate cash taxes inflation credit |
III. What do you call …
1) the total amount of money that a government, organization, or person spends during a particular period of time?
2) a legal agreement by which you borrow money from a bank or similar organization in order to buy a house, and pay back the money over a period of years?
3) the money that someone pays regularly to use a room, house etc that belongs to someone else?
4) a large building containing many apartments?
5) property in the form of land or houses?
pete the sentences below using the information from the text:
1) The word “mortgage” means a loan ………. .
2) Americans strive to own their homes because ……….. .
3) As a rule, in the US real estate ………. .
4) Many banks make money off mortgage by ………. .
5) The American legal system doesn’t impose taxes on ………. .
6) One may shrink the overall sum of the tax by way of ………. .
7) When the debtor reaches a specified age, the bank starts paying to him what is called ………. meaning ………. .
V. Use the above words to describe the mortgage system in the USA.
Text 11. Insurance
Read the text “Insurance” (English for students of Economics, p. 73) and do the following tasks:
I. Find pairs of words with the same meaning:
1) lack 2) property 3) mandatory 4) boost 5) fundamental 6) fate 7) dwelling | a) obligatory b) destiny, fortune, lot c) house, apartment d) absence, shortage e) support, help f) basic, primary g) belongings |
II. Find the words in the text to match these definitions:
1) an arrangement with a company in which you pay them money, especially regularly, and they pay the costs if something bad happens, for example if you become ill or your car is damaged;
2) a house, apartment etc where people live;
3) something that the law says must be done;
4) existing or happening in many places or situations, or among many people;
5) the thing or thing that someone owns;
6) when a professional person makes a mistake or does not do his job properly and can be punished by a court;
7) a problem or complaint that a person or company brings to a court of law to be settled;
8) the protection an insurance company gives you, so that it pays you money if you are injured, something is stolen etc;
9) something that gives someone more confidence, or that helps something increase, improve, or become successful;
10) not considering the possible effects in the future of something that seems good now (used to show disapproval).
III. Complete the sentences with the words from task II:
1) He brought a $12 million ……… against the newspaper, claiming his professional reputation had been damaged by the paper's stories.
2) In 1991, the British government made it ………. to wear rear seat belts in cars.
3) The lowering of interest rates will give a much-needed ………. to the economy.
4) It's very ………. of the government not to invest in technological research.
5) The club does not accept responsibility for loss of or damage to club members' personal ………. .
IV. Use the above words to speak on insurance business in the USA.
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