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CANKAYA UNIVERSITY OFFICE OF BASIC AND ELECTIVE COURSES -ENGLISH UNIT-. ECONOMIC ISSUES FOR ENG 205 COURSE WEEK 8. WARM UP. What are the greatest threats to the world economy? mass unemployment? trade wars? international terrorism? poverty in the Third World? an ageing population?
FOR ENG 205 COURSE
Ex: a budget / trade deficit
Ex: The trade balance has been in deficit for the past five years.
Ex: the country’s widening budget deficit
Collocations: have/show/face/reduce/cut/eliminate a deficit
Ex: His mood could swing from joy to despair.
Ex: Do campaign gift swing votes?
Ex: The war had begun to swing in Britain’s favour.
Ex: swing to the Right/Left (politics)
Ex: soaring costs / prices / temperatures
Ex: Unemployment has soared to 18%.
Ex: The price of petrol has soared in recent weeks.
Ex: the slump of the 1930s
Ex: The toy industry is in a slump.
Ex: The war was followed by an economic slump.
Ex: a worldwide slump
Ex: a boom in car sales
Ex: Living standards improved rapidly during the post-war boom.
Ex: a boom year (for trade, exports, etc.)
Ex: a property / housing boom
Ex: The economy went from boom to bust very quickly.
Ex: speculative investments
Ex: the pursuitof happiness/knowledge/profit/liberty/war criminals
Ex: She travelled the world in pursuit of her dreams.
Ex: a merger between the two banks
Ex: Our proposed merger with the university has been declined.
Ex: meltdown on the New York Stock Exchange
Ex: The stock market crash may lead financial meltdown.
Ex: The company laid off 286 workers in December.
Ex: Millions of people have been laid off in the steel industry.
Ex: political and economic instability
Ex: the instability of the market
Ex: The fighting escalated into a full-scale war.
Ex: the escalating costs of health care
Ex: We do not want to escalate the war.
Ex: a massive/sudden influx of visitors
Ex: the influx of wealth into the region
Ex: a sudden influx of cash
Ex: people on (= receiving) unemployment benefit
Ex: Applications for unemployment benefits dropped last month.
Ex: A third of the population is living at or below the poverty line.
Ex: 20% of the population now live below the poverty line.
Ex: We had come to a dead end in our research.
Ex: He’s in a dead-end job in the local factory (= one with low wages and no hope of promotion). (very impt)
Ex: In the past central government had a monopoly on television broadcasting.
Ex: Electricity, gas and water were considered to be natural monopolies.
Ex: The situation is unprecedented in modern times.
Ex: Crime has increased on an unprecedented scale.
Ex: the impact of the current recession on manufacturing
Ex: The economy is in deep recession.
Ex: policies to pull the country out of recession
Ex:We aim to bring down prices on all our computers.
Ex: The government hope these measures will help to bring down inflation.
Ex: to enter into an agreement
Ex: to enter into negotiations
Ex: What brought about the change in his attitude?
Ex: How can we bring about a change in the attitudes of some students?