1) economy – economic 2) proprietor – … 3) owned – …, … 4) contribute – … | 5) person – … 6) farm – …, … 7) money – … 8) innovation –... | 9) serve – … 10) grow – … 11) dominate – … 12) organize –... |
1) economy
o More and more the American … is influenced by dynamic … overseas.
o Between 1995 and 2005, the U.S. accounted for one-third of global … expansion.
2) proprietor
o Hotel and guest house … are hopeful that business this year will be good.
o The sole … is the most common type of business in many western countries.
3) owned
o Under its plans, 10% of the new company would be … by Opel employees.
o I did tell people about this but no one except the owner and … believed me.
o Earlier in the year, Malaysia relaxed its rules for foreign … of investment banks and insurance companies.
4) contribute
o They … so much to Northern Ireland in terms of strengthening their economy.
o I receive the full basic state pension having paid national insurance ….
5) person
o Only one online vote is permitted per ….
o In case of bankruptcy you can lose your... assets.
6) farm
o Our … was 300 acres with a dairy herd, beef cattle and corn.
o From the nation’s earliest days,... has held a crucial place in the American economy and culture.
o American... owe their ability to produce large yields to a number of factors.
7) money
o Since the inflation of the 1970s, Federal Reserve … policy has emphasized preventing rapid escalation of general price levels.
o When the general price level is rising too fast, the Federal Reserve acts to slow economic expansion by reducing the … supply, thus rising short-term interest rates.
8) innovation
o … seek greener PC future.
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o In an industry built on … new ideas are being touted every day.
9) serve
o The biggest U.S. … export category was travel by foreigners to the United States.
o We see signs of improving demand in the various markets we ….
10) grow
o Over the past decade, U.S. exports accounted for about a quarter of the economic ….
o May your imagination run wild and your enthusiasm …!
11) dominate
o Universities in the USA and the UK continue to … a list ranking the world's top higher education institutions.
o US … is likely to weaken by 2025 as India and China grow stronger, a new Washington intelligence report says.
12) organize
o The US government is trying to … an emergency meeting of finance ministers from the world's leading economic powers.
o The structure of business … depends on the nature of their activities.
M. Summarize the information about the US Economy. Use the headings below.
v Historical background
v Basic ingredients of the American economic system
v Types of businesses
v The role of the government
v Key sectors of the economy and their contribution towards the GDP