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DEVELOPING VOCABULARY. 1. Look through the text again and find the words which correspond to the definitions below:

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1. Look through the text again and find the words which correspond to the definitions below:

 

a) the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries;

b) the science, art, or occupation concerned with cultivating land, raising crops, and feeding, breeding, and raising livestock; farming;

c) to send or transport (a commodity, for example) abroad, especially for trade or sale;

d) the natural wealth of a country, consisting of land, forests, mineral deposits, water, etc.;

e) a person or an organization that uses a commodity or service;

f) the amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as profit from financial investments;

g) one that produces, especially a person or organization that produces goods or services for sale.

2. Consult a dictionary to fill in the missing parts of speech in the table below:

Noun Verb Adjective
    employable
import    
  economize  
    industrial
  produce  
export    
  supply  
    distributive
competitiveness    
  extract  

DISCOVERING LANGUAGE

Passive Voice

 

1. Complete the sentences about the Statue of Liberty in Active or Passive Voice. You must either use Simple Present or Simple Past.

1. The Statue of Liberty (give) … to the United States by France.

2. It (be) … a present on the 100th anniversary of the United States.

3. The Statue of Liberty (design) … by Frederic Auguste Bartholdi.

4. It (complete) … in France in July 1884.

5. In 350 pieces, the statue then (ship) … to New York, where it (arrive) … on 17 June 1885.

6. The pieces (put) … together and the opening ceremony (take) … place on 28 October 1886.

7. The statue (represent) … the goddess of liberty.

 

2. Rewrite the sentences in Passive Voice.

E.g. Mr Smith writes the delivery notes. - The delivery notes are written (by Mr Smith).

  1. I confirm the reservation.
  2. We will deliver the goods immediately.
  3. We arranged a meeting.
  4. You can cancel the contract within five business days.
  5. They execute all orders carefully.
  6. She did not sign the contract.
  7. We are processing your order.

SPEAKING

1. Use the following expressions to tell about the economy of the USA:

a dynamic, free-market system; powerful economy; consumer role; encourage production and consumption; largest industries; major crops and products; leading world exporter; account for; international trade; leading exports / imports.

 

2. Comment on the quotation:

Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency. (Ben Bernanke, Federal Reserve Chairman (January 2006))

3. Act out with your groupmates a round-table conference on the topic “The USA: Economic Priorities Today”. Possible roles: a foreign journalist, an economic reviewer, an American economist, an entrepreneur, a politician, etc. Prepare questions and reports on the topic.

WRITING

1. Write an essay describing the role of the government in the development of the US economy.

2. Write an article to the “Guardian” about the current economic situation of the country.


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