Taxation, labour force, estimate, launch, consumption, output, headquarters, commodity, contractor, bond.

 

1) Ethiopia has almost the lowest oil ________ per capita in the world.

2) The builders __________ the cost of repairing the roof at $600.

3) Foreign workers now compose 6% of the company's__________.

4) The _________of the company is located in Switzerland.

5) A person or firm that supplies materials or labour, esp. for building is known as a __________.

6) The industrial __________ is up 30% on last year.

7) Labour is bought and sold like any other __________.

8) Eurobond is a __________ issued in a eurocurrency.

9) In recent years, the UK economy has been managed in accordance with the principles of market liberalization, low _________ and regulation.

10) Great Britain is expected to _________ the building of new nuclear reactors to replace existing generators and to boost UK's energy reserves.

 

4. Match up the words from the left column with the words from the right one to make common collocations.

interest	sector
domestic	workforce
tertiary	euro
stock	authority
skilled	goods
join	energy
adopt	currency
single	euro zone
legislative	rate
renewable	exchange

5. Insert the appropriate prepositions where necessary.

 

1) It’ll allow the UK to be self-sufficient ____ coal for just over 6.5 years, although ____ present extraction rates it would take 20 years to mine.

2) The UK economy is the world's sixth largest ___ nominal GDP and the seventh largest ___ purchasing power parity.

3) Manufacturing remains a significant part of the economy, but accounts ____ only one-sixth of national output.

4) The service sector has grown substantially, and now makes ____ about 73% of GDP.

5) Agriculture is intensive, highly mechanised, and efficient ____ European standards, producing about 60% ____ food needs ____ less than 2% ___ the labour force.

6) However, following the severe shock of the 1973 oil crisis and the 1973–1974 stock market crash, the British economy went _____ recession in 1974.

7) According ____ the IMF, GDP rose ___ 5% ___ its peak in 1988.

8) In 2008 the United Kingdom entered ____ a recession brought ____ ____ the global financial crisis.

9) The City of London is often referred ____ as the City or the Square Mile, as it is just over one square mile ___ area.

10) The City is a major business and financial centre, ranking ____ a par ___ New York City as the leading centre of global finance.

 

DISCOVERING LANGUAGE

 

1. Choose the correct form of the predicates in brackets.

1) Blake worked without a contract which (prevented/had prevented) him from receiving a golden parachute pay.

2) Kay figured that Rolls-Royce’s prices (left/had left) plenty of room for low-price competitors.

3) Mr. Smith said that much of the apparent growth in profits that (occurred/had occurred) in the 80s (was/had been) the result of creative accounting.

4) Cray Research Inc reported surprisingly weak results for the second quarter which (indicated/had indicated) lower earnings for the year.

5) Dunhill was sitting on a share capital of £179 mln last year, then it (shrank/had shrunk) to £120 mln due to standings in Europe.

6) Pittard’s share price tumbled when the price of sheepskins (collapsed/had collapsed).

7) Howard Klein said that the fall in the Airtours share price(raised/had raised) serious concerns.

 

2. Complete the sentences using the verbs in brackets in the proper tense form (the Past Simple or the Past Perfect).

1) I couldn’t get into the office because I (to lose) my key.

2) We couldn’t use that logotype, because one of our competitors already (to choose) it.

3) I found about the vacancy too late. When my application form arrived, they (to appoint) another person.

4) By the time he sold off the shares, his original investment (to fall) by 13 per cent.

5) When I returned to the firm, I was surprised to hear that the boss (to put) my colleague in charge of the project.

6) The bank returned the cheque because I (not to sign) it.

7) The office was empty because everybody (to go) home.

 

3. Complete the sentences using the verbs in brackets in the proper tense form.

1) Managers in British companies needed to understand that they (to deal) with human beings and not machines.

2) They said that the UK business people (to lose) their way and the things (to go) downhill fast.

3) Many people claimed that Japanese companies (to make) products cheaper and better quality than UK ones.

4) Frank Farrant, a finance director, said the first task (to be) to increase Adidas’ profitability into about 10 per cent in two or three year’s time.

5) I wondered how much the model (to cost).

6) His colleagues knew the real reason for Sloan’s success: he (to be) a man who always (to put) business first.

7) LBS Ltd. researchers believed deregulation and technological advance (to add) to the concentration of the three main financial centers: London, New York and Tokyo.

 

LISTENING