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35. Which of the following topics does the article discuss?

  1. the boom-bust economy

  2. political extremism

  3. the money markets

  4. social inequality

  5. retraining the unemployed

  6. corporate fraud

  7. the black economy

  8. government cover-ups

36. What are your personal reaction to the article?

I totally agree that … .

I think the point about … is probably true.

I don’t agree with the point about … at all.

I already knew … , but I didn’t realise … .

I’m not sure I can believe … .

What shocks me most is … .

37. Find the words and expressions in the article which mean:

  1. no one has any idea (Introduction)

  2. a period when the economy is weak (paragraph 1)

  3. a period when the economy is strong (paragraph 1)

  4. sudden and complete economic failure (two words) (paragraph 2)

  5. is exchanged (paragraph 2)

  6. made things worse (paragraph 3)

  7. large amounts of money you get unexpectedly (paragraph 3)

  8. rising rapidly (paragraph 5)

  9. to be made stricter (paragraph 5)

  10. the arrival a large number of people (paragraph 5)

  11. never having happened before (paragraph 7)

  12. it’s not surprising (paragraph 7)

38. Without referring to the text, complete the following notes on the article using the pairs of words in the boxes.

profits + employees

institutions + collapse

boom + greed

hyperinflation + unemployment

markets + money

supply + demand

debts + acquisitions

increase + acquisitions

  1. In the past … and … used to even themselves out.

  2. We now swing from … to soaring … .

  3. Poorly managed financial … caused the … of the Japanese economy.

  4. The dotcom … was motivated by short-term … .

  5. The currency … are where the real … is made.

  6. The … in the number of mergers and … has compounded the problem.

  7. Shareholders made huge … but thousands of … were laid off.

  8. Many companies now hide … to finance … .

unemployment + inflation

population + GDP

jobs + poverty

threat + underclass

power + institutions

truth + economy

crisis + gap

controls + influx

  1. The real … is the widening … between rich and poor.

  2. Seventy per cent of the world’s … has to survive on just ten per cent of its … .

  3. The greatest … to the world economy is a new … of seriously poor.

  4. … is running high and wages have fallen behind … .

  5. Immigration … have been tightened to prevent an … of workers from the East.

  6. In the USA many have low-paid, dead-end … and live below the … -line.

  7. Companies now have more … than countries and comprise fifty per cent of the world’s richest … .

  8. It is easier to be economical with the … than truthful about the … .

39. What do you think about Russia’s economy? Is it strong or not? Would you say it was about to enter a period of growth or decline?

40. Complete these words by adding the vowels. Each word can follow the adjective economic.

  1. g r _ w t h

  2. _n d _c _ t _ r s

  3. c r _ s _ s

  4. f _ r _ c _ s t

  5. f _ r c _ s

  6. t h _ _ r y

  7. p _ l _ c y

  8. _ _ t l _ _ k

  9. r _ c _ s s _ _ n

  1. m _ _ s _ r _ s

  2. d _ v _ l _ p m _ n t

  3. r _ _ n

  4. r _ f _ r m

  5. s t r _ t _ g y

  6. r _ c _ v _ r y

  7. _ n _ _ n

  8. s _ n c t _ n s

  9. _ _ d

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