Corvinus LSP Examination Centre English for Economics (OECONOM) Writing skill Intermediate level (B2)

Size: px
Start display at page:

Download "Corvinus LSP Examination Centre English for Economics (OECONOM) Writing skill Intermediate level (B2)"

Transcription

1 Writing skill 40 p IRÁNYÍTOTT FOGALMAZÁS ÍRÁSA CÉLNYELVEN, 160 SZÓBAN; ÁLTALÁNOS ÉS KÉTNYELVŰ SZÓTÁR HASZNÁLATA MEGENGEDETT (40 pont; 60 perc) Write your opinion using all the given prompts in 160 (+/- 10) words. Magyarország csatlakozott a megújuló energiai és energiahatékonysági együttműködéshez. A 2003 októberében indult brit kezdeményezés a megújuló energia hatékony felhasználását tűzte ki világszerte. A csatlakozással a magyar kormányzat és a magyar vállalkozások is hozzáférhetnek a világon a megújuló energiaforrások felhasználásának gyakorlatát felvonultató legnagyobb adatbankhoz. Az unió 2020-ra 20%-os megújuló energiafelhasználást ír elő ugyan, de hazánk csak százalékot tud teljesíteni. Use the given prompts for your composition: a csatlakozás előnyt jelenthet a lemaradás behozatalában hazánk számára a biomassza, a geotermikus energia és szélenergia használata lehet megoldás szükséges a társadalom környezettudatosságának elősegítése You have 60 minutes for this task. You are allowed to use a monolingual or bilingual dictionary. Sample solution: I believe that Hungary s commitment within the EU to use renewable energy sources is a crucial issue. It is important not only for the sake of its own future generations, but it is also essential to remain economically competitive and attractive to foreign investors. After long years of inefficiently protecting the environment Hungary has to think green in order to minimise pollution. In fact, Hungary is rich in geothermal energy, it has large open spaces for building windfarms and unused lands for growing crops to produce biomass-derived fuels. Obviously, each of these sources are costly, but in my opinion, the long-term benefits outweigh any initial costs. Moreover, because of the EU s commitment to green energy, Hungary can expect to receive the funding that it needs for these investments. A growing green consciousness will make a positive impact on people too. Hopefully people will soon accept the fact that it is better to reduce energy consumption than to protest against the continuously rising energy prices. 166 words Értékelési szempontok a) szakmai feladatteljesítés, tartalmi kivitelezés: 10 p./ b) szakmai nyelvhasználat: 10 p./ c) szövegalkotás, koherencia: 10 p./ d) nyelvhelyesség: 10 p./ összesen: 40p./

2 Lexical-grammatical test NYELVISMERETI TESZT (60/2=30 p; 60 perc; SZÓTÁR NEM HASZNÁLHATÓ) Please give all your answers on the enclosed ANSWER SHEET I. Find the correct answer that fits the sentence. (10x1) 10 p e.g. After I had worked very hard my was significantly increased by my boss. A. profit B. salary C. interest D. subsidy 1. The chief executive resigned from his post last year. A. manager B. director C. officer D. leader 2. I handed in my letter of after I had heard about the job. A. applying B. application C. applicant D. applicant s 3. Employers should give a higher salary to those who work on night. A. session B. time C. shift D. season 4. All workers should be dismissed immediately. A. unwilling B. inefficient C. unsatisfied D. unsafe 5. Because of the firm s bad marketing strategy, we are now in the A. black B. red C. bankrupt D. bankruptcy 6. The Asian company is planning to buy out its in the region. A. a competitive B. a competitor C. competitor D. competitive 7. Luckily the new rival had no significant on our sales figures. A. affect B. effect C. challenge D. challenging 8. Our Asian subsidiary is going to be closed down the soft sales. A. resulting B. because C. due to D. due 9. Franchisees have to pay to the owner of the licence. A. royalty B. loyalty C. income tax D. tax income 10. The firm is not only but it is on the edge of closing down. A. disprofitable B. profitless C. unprofitable D. non-profiting II. Fill in the missing words if necessary /only one in every space/ (10x1) 10 p e.g. Finally we have decided not to bring up the issue at the meeting. 1. This joint will enable us to enter the Chinese market. 2. New Eastern-European countries are planning to enter the EU. 3. His suggestion was down. 4. He suggested ing for a job with the Department. 5. The management had to put the meeting to a later date. 6. Unfortunately my boss never approves my innovative ideas. 7. Confidence is the to all success. 8. The ability to work is a sign of a good manager. 9. of experience will generally count against you in a job interview. 10. The firm s management decided to buy our main Asian rival.

3 III. Complete the sentences using an appropriate form of the word given. (10x2) 20p e.g. All managers of the firm agreed that the campaign should start. (MANAGE) 1. Our budget was much lower than we expected. (ADVERTISE) 2. We are unable to maintain last year s improvements in. (PROFIT) 3. The budget was accepted unanimously. (PROPOSE) 4. Lack of and market orientation led to falling sales and profits. (INVEST) 5. I have never you to sell your shares so urgently. (ADVICE) 6. In this job, experience is more important than. (QUALIFY) 7. This new type of engine makes our car the most in the market. (ECONOMY) 8. The products of our firm are so that we are losing market share. (COMPETE) 9. He received training to help him develop these skills. (MANAGE) 10. The introduction of the euro has the country s economy. (STRONG) IV. Complete these sentences with the following words. Use each word once only. (10x1) 10 p controlled supply experienced financing transition bonds breakup rate expenditures fiscal collecting Since the breakup of the Soviet Union, Russia has 1 near hyperinflation. In the 1990s the inflation 2 was said to be running at about one percent a day. Before the Soviet regime fell apart, the economy was centrally planned and 3. Government 4 were normally matched by government revenues. But during the period of 5 the chain of command and control virtually disintegrated. The government has had a difficult time 6 tax revenues. The government has only two choices: deficit 7 or printing money. But not many investors have enough confidence to purchase Russian 8. If the money 9 increases, inflation is certain to follow. The government can be blamed for its inability to carry out 10 policy in a reasonable manner.

4 V. Finish each sentence in such a way that it means exactly the same as the sentence before it. (10x1) 10 p e.g. It s ages since we last had an order from CWP. We haven t had any orders from CWP for ages. 1. Turkish EU entry seems to be unrealistic in the near future. It seems 2. People who prefer not to use self-service systems will be forced to pay higher prices. If you refuse 3. The subcontractors missed the deadline again. The subcontractors failed 4. It would not be advisable for us to accept this offer. We had 5. They have promoted him to the post of Sales Manager. He 6. It s difficult for them to keep up with new developments. They 7. Waiting is not for us, our company has no time for that. Our company cannot afford 8. Although our market share is stable, our R&D budget has been cut. Despite 9. I d like my new boss to listen to me. I wish 10. I expected the end-of-year meeting to last longer. The end-of-year meeting didn t

5 Lexical-grammatical test 60p/2=30p Értékelő: ANSWER SHEET (PLEASE WRITE ALL YOUR ANSWERS ON THIS PAPER) I. Find the correct answer that fits the sentence and write in letter A / B / C (10x1) 10 p or D II. Fill in the missing words /one in every space/ (10x1) 10 p III. Complete the sentences using an appropriate form of the word given. (10x2) 20 p IV. Complete these sentences with the following words. (10x1) 10 p V. Finish each sentence in such a way that it means exactly the same as the sentence before it. 1. It seems (10x1) 10 p 2. If you refuse 3. The subcontractors failed 4. We had 5. He 6. They 7. Our company cannot afford 8. Despite 9. I wish 10. The end-of-year meeting didn t

6 Lexical-grammatical test ANSWER KEY I. Find the correct answer that fits the sentence and write in letter A / B / C (10x1) 10 p or D. 1. C 2. B 3. C 4. B 5. B 6. C 7. B 8. C 9. A 10. C II. Fill in the missing words /one in every space/ (10x1) 10 p 1. venture turned 4. applying 5. off 6. of 7. key 8. delegate 9. lack 10. out III. Complete the sentences using an appropriate form of the word given. (10x2) 20 p 1. advertising 2. profitability 3. proposal 4. investment 5. advised 6. qualification 7. economical 8. uncompetitive 9. managerial 10. strengthened IV. Complete these sentences with the following words. (10x1) 10 p 1. experienced 2. rate 3. controlled 4. expenditures 5. transition 6. collecting 7. financing 8. bonds 9. supply 10. fiscal V. Finish each sentence in such a way that it means exactly the same as the sentence before it. (Esetenként egyéb helyes megoldások is elfogadhatóak) 1. It seems that Turkey is unlikely to enter the EU in the near future (10x1) 10 p 2. If you refuse to use self-service systems you will be forced to pay higher prices 3. The subcontractors failed to meet the deadline. 4. We had better not accept this offer. 5. He has been promoted to the post of Sales Manager. 6. They find it difficult to keep up with new developments./they have difficulty keeping up with 7. Our company cannot afford to wait. 8. Despite the stability of our market share, our R&D budget has been cut. 9. I wish my new boss listened to me./i wish my new boss would listen to me 10. The end-of-year meeting didn t last as long as I expected.

7 Reading comprehension test SZÖVEGÉRTÉS TESZT (30 PONT;60 PERC),SZÓTÁR NEM HASZNÁLHATÓ THE GREAT UNRAVELLING Is globalisation killing India s cotton farmers? Only one in 12 of India s farmers has ever heard of the World Trade Organisation. The mostly illiterate cotton farmers of Vidarhba surely count among the other 11. But even the most exalted of trade officials has heard of them. In the past 18 months more than 1,200 farmers in this, the cotton bowl of India, have taken their lives to escape debts to money-lenders. In the Doha round of global trade talks India heads a group of more than 40 poor countries that want to shelter their farmers from foreign competition. Last year Oxfam, a charity, published a study arguing that the farmers plight was worsened by their indiscriminate and forced integration into an unfair global system. The Vidarbha suicides have many causes, most of them home-grown. The farmers borrowed money at punitive rates, so they could buy biotech cotton-seeds. But diesel for the pumps leapt in price, and the seeds proved ill-suited to small plots, fed mostly by rain. None of this is globalisation s fault. But farmers have also been hurt by the low world price of their crop, which has fallen by more than a third since Last season the state government cut the guaranteed price it paid for cotton by more than 10%. Prices are low partly because cotton is so heavily subsidised by rich countries, principally America. The Doha round aims to cut these handouts ambitiously and expeditiously. If they were cut completely, it might add about 13% to world prices, according to one recent estimate by two World Bank economists. But the Doha round is unlikely to be so slick. A more likely scenario, in which cotton subsidies are cut by a third (and export subsidies eliminated) would add less than 5% to the price. In the meantime, India s government could impose a countervailing tariff on dumped cotton. But cheap fibres please its textile industry, which is keen to take advantage of the end in 2005 of the old quota regime. India s cotton tariff is just 10%, much lower than its tariffs on other commodities such as sugar. And exporters of yarn and cloth don t even have to pay that. Cheap cotton keeps the textile mills humming: were subsidies to be removed, India would lose overall by the equivalent of about $84m, according to the World Bank. In the abstract, the answer to the farmers distress seems easy: move from growing cotton to weaving it in factories. But India s onerous labour laws inhibit industrial employment, and the lack of a safety net leaves farmers clinging to their marginal patches of land. Today India s textilemakers enjoy a renaissance. If only more of its farmers could escape the soil. Source:The Economist Jan Number of characters:2274

8 Reading comprehension test PLEASE WRITE YOUR ANSWERS ON THE ANSWER SHEET. I. On the basis of the text are the statements TRUE (T) or FALSE (F)? (5x1) 5 p 1. No farmer in Vidarhba has heard about the WTO. 2. The suicides have external causes as well. 3. The state is ready to buy cotton at a higher price. 4. There are no longer tariffs on Indian yarn exports. 5. The Doha round will have partial success concerning subsidies. II. Answer the questions briefly on the basis of the text. Full sentences are not required. 1. Why have the trade officials heard about Indian farmers? 2. Why did India turn to the WTO? 3. How did farmers finance seed purchases? 4. How could India protect itself from cheap cotton? 5. Why would a cut in subsidies hit India hard? (5x2) 10 p III. Finish the sentences with one of the given alternatives. Write the chosen letter on the answer sheet. (5x2) 10 p 1. Indebtedness caused farmers to a. kill themselves b. escape from the land c. turn to the WTO. 2. According to Oxfam a. it was worth joining the global trade system b. globalisation made farmers lives more difficult c. farmers should not have been forced into the global system. 3. Prices are kept down by a. aid given to rich countries farmers b. aid given by rich countries to the poor c. the WTO 4. As a result of the WTO negotiations the prices a. will be cut by 5% b. will rise by 5% c. will rise by 13%. 5. Indian farmers had better export textiles a. instead of growing cotton b. because the state encourages industrial employment. c. and trust the safety net. IV. Find words in the text with a similar meaning. (5x1) 5 p 1. is at the forefront of sg. 2. an organisation that helps people who are poor,sick etc. 3. providing reasons for sg. 4. rose quickly 5. sticking firmly to sg.

9 Reading comprehension test 30 p ANSWER SHEET I. On the basis of the text are the statements TRUE (T) or FALSE (F)? Circle the correct letter. (5x1 p) 5p 1. T F 2. T F 3. T F 4. T F 5. T F II. Answer the questions briefly on the basis of the text. Full sentences are not required. (5x2) 10p II I Finish the sentences with the given alternatives. Write the chosen letter on the answer sheet. (5x2) 10p IV. Find words in the text with a similar meaning. (5x1) 5p

10 Reading comprehension test ANSWER KEY I. On the basis of the text are the statements TRUE (T) or FALSE (F)? Circle the correct letter. (5x1) 5p 1. T 2. T 3. F 4. T 5. T II. Answer the questions briefly on the basis of the text. Full sentences are not required. (5x2) 10p 1. because they committed suicide 2. to find protection against foreign competition 3. they borrowed money 4. by imposing a countervailing tariff 5. cotton would be expensive for the textile industry III. Finish the sentences with the given alternatives. Write the chosen letter on the answer sheet. (5x2) 10p 1. A 2. B 3. A 4. B 5. A IV. Find words in the text with a similar meaning. (5x1) 5p 1. heads 2. charity 3. arguing 4. leapt 5. clinging to

Comment on the following text in 300 (+/-) 20) words using the given statement as a basis for writing your opinion.

Comment on the following text in 300 (+/-) 20) words using the given statement as a basis for writing your opinion. 50 p Comment on the following text in 300 (+/-) 20) words using the given statement as a basis for writing your opinion. GAZDASÁGI TÉMÁJÚ MAGYAR NYELVŰ SZÖVEG KOMMENTÁLÁSA CÉLNYELVEN, kb. 300 SZÓBAN; ÁLTALÁNOS,

More information

Review Question - Chapter 7. MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.

Review Question - Chapter 7. MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Review Question - Chapter 7 MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) International trade arises from A) the advantage of execution. B) absolute

More information

SPECIAL REPORT: 4 BIG REASONS YOU CAN T AFFORD TO IGNORE BUSINESS CREDIT!

SPECIAL REPORT: 4 BIG REASONS YOU CAN T AFFORD TO IGNORE BUSINESS CREDIT! SPECIAL REPORT: 4 BIG REASONS YOU CAN T AFFORD TO IGNORE BUSINESS CREDIT! 4 BIG REASONS YOU CAN T AFFORD TO IGNORE BUSINESS CREDIT! Provided compliments of: FIRSTUSA DATA SERVICES, LLC 877-857-5045 SUPPORT@FIRSTUSADATA.COM

More information

Soft clean eraser Soft pencil (type B or HB is recommended)

Soft clean eraser Soft pencil (type B or HB is recommended) *6337308057* ambridge International Examinations ambridge Ordinary Level EONOMIS 2281/11 Paper 1 Multiple hoice May/June 2014 dditional Materials: Multiple hoice nswer Sheet Soft clean eraser Soft pencil

More information

Advanced Financial Management

Advanced Financial Management Progress Test 2 Advanced Financial Management P4AFM-PT2-Z14-A Answers & Marking Scheme 2014 DeVry/Becker Educational Development Corp. Tutorial note: the answers below are more comprehensive than would

More information

Ec1 ECONOMICS PAPER 1. INSTRUCTIONS TO CANDIDATES: (To be read out by the external invigilator before the start of the examination)

Ec1 ECONOMICS PAPER 1. INSTRUCTIONS TO CANDIDATES: (To be read out by the external invigilator before the start of the examination) INSTRUCTIONS TO CANDIDATES: (To be read out by the external invigilator before the start of the examination) DEPARTMENT OF EDUCATION HIGHER SCHOOL CERTIFICATE EXAMINATIONS ECONOMICS PAPER 1 Monday 23 October

More information

The Balance of Payments, the Exchange Rate, and Trade

The Balance of Payments, the Exchange Rate, and Trade Balance of Payments The Balance of Payments, the Exchange Rate, and Trade Policy The balance of payments is a country s record of all transactions between its residents and the residents of all foreign

More information

not to be republished NCERT A Shirt in the Market

not to be republished NCERT A Shirt in the Market CHAPTER 9 A Shirt in the Market This chapter tells us the story of a shirt! It begins with the production of cotton and ends with the sale of the shirt. We shall see that a chain of markets links the producer

More information

Paper 2 (SL and HL) markschemes

Paper 2 (SL and HL) markschemes Paper 2 (SL and HL) markschemes Examples of markschemes for Exam practice: paper 2 in the Economics for the IB Diploma CD-ROM are provided below. Paper 2 section A: International economics Chapter 13 International

More information

The Partnership for Sustainable Textiles

The Partnership for Sustainable Textiles The Partnership for Sustainable Textiles We all agree that we do not wish to have clothes touching our bodies that have been produced in places where human rights are being trampled underfoot and people

More information

Midterm Exam - Answers. November 3, 2005

Midterm Exam - Answers. November 3, 2005 Page 1 of 10 November 3, 2005 Answer in blue book. Use the point values as a guide to how extensively you should answer each question, and budget your time accordingly. 1. (8 points) A friend, upon learning

More information

Adjusting to a Changing Economic World. Good afternoon, ladies and gentlemen. It s a pleasure to be with you here in Montréal today.

Adjusting to a Changing Economic World. Good afternoon, ladies and gentlemen. It s a pleasure to be with you here in Montréal today. Remarks by David Dodge Governor of the Bank of Canada to the Board of Trade of Metropolitan Montreal Montréal, Quebec 11 February 2004 Adjusting to a Changing Economic World Good afternoon, ladies and

More information

GEORGIA PERFORMANCE STANDARDS International Domain [Type the author name]

GEORGIA PERFORMANCE STANDARDS International Domain [Type the author name] GEORGIA PERFORMANCE STANDARDS International Domain [Type the author name] GEORGIA PERFORMANCE STANDARDS INTERNATIONAL ECONOMICS Fundamental Economic Concepts SSEF3 The student will explain how specialization

More information

Economic Systems. 1. MARKET ECONOMY in comparison to 2. PLANNED ECONOMY

Economic Systems. 1. MARKET ECONOMY in comparison to 2. PLANNED ECONOMY Economic Systems The way a country s resources are owned and the way that country takes decisions as to what to produce, how much to produce and how to distribute what has been produced determine the type

More information

Statement by Dean Baker, Co-Director of the Center for Economic and Policy Research (www.cepr.net)

Statement by Dean Baker, Co-Director of the Center for Economic and Policy Research (www.cepr.net) Statement by Dean Baker, Co-Director of the Center for Economic and Policy Research (www.cepr.net) Before the U.S.-China Economic and Security Review Commission, hearing on China and the Future of Globalization.

More information

Growth and Employment in Organised Industry

Growth and Employment in Organised Industry Growth and Employment in Organised Industry C.P. Chandrasekhar and Jayati Ghosh There is a general perception of industrial dynamism in the Indian economy at present, fed by reasonably high, even if not

More information

Forecasting Chinese Economy for the Years 2013-2014

Forecasting Chinese Economy for the Years 2013-2014 Forecasting Chinese Economy for the Years 2013-2014 Xuesong Li Professor of Economics Deputy Director of Institute of Quantitative & Technical Economics Chinese Academy of Social Sciences Email: xsli@cass.org.cn

More information

THE DEVELOPMENT OF SUPPLY CHAIN MANAGEMENT IN THAILAND TEXTILE INDUSTRY

THE DEVELOPMENT OF SUPPLY CHAIN MANAGEMENT IN THAILAND TEXTILE INDUSTRY THE DEVELOPMENT OF SUPPLY CHAIN MANAGEMENT IN THAILAND TEXTILE INDUSTRY Veeris Ammarapala Management Technology Program Sirindhorn International Institute of Technology, Thammasat University Pathumthani

More information

SMALL BUSINESS OWNER S HANDBOOK

SMALL BUSINESS OWNER S HANDBOOK SMALL BUSINESS OWNER S HANDBOOK PART II: FINANCIAL PLANNING FOR SMALL BUSINESSES Introduction Financial Planning Methods of Financing Your Business Other Types of Funds & Financing How to Approach Lenders

More information

Lesson 9 Take Control of Debt: Using Credit Wisely

Lesson 9 Take Control of Debt: Using Credit Wisely Lesson 9 Take Control of Debt: Use Credit Wisely Lesson Description In this lesson, students review the balance sheet (Lesson 1) and the budget worksheet (Lesson 2) and consider ways to use these two documents

More information

Economics 380: International Economics Fall 2000 Exam #2 100 Points

Economics 380: International Economics Fall 2000 Exam #2 100 Points Economics 380: International Economics Fall 2000 Exam #2 100 Points Name (ID) YOU SHOULD HAVE 7 PAGES FOR THIS EXAM. EXAM WILL END AT 1:50. MAKE SURE YOUR NAME IS ON THE FIRST AND LAST PAGE OF THE EXAM.

More information

MOZGÓKÉPKULTÚRA ÉS MÉDIAISMERET ANGOL NYELVEN

MOZGÓKÉPKULTÚRA ÉS MÉDIAISMERET ANGOL NYELVEN ÉRETTSÉGI VIZSGA 2012. május 23. MOZGÓKÉPKULTÚRA ÉS MÉDIAISMERET ANGOL NYELVEN KÖZÉPSZINTŰ ÍRÁSBELI VIZSGA 2012. május 23. 14:00 Az írásbeli vizsga időtartama: 180 perc Pótlapok száma Tisztázati Piszkozati

More information

S&P 500 Composite (Adjusted for Inflation)

S&P 500 Composite (Adjusted for Inflation) 12/31/1820 03/31/1824 06/30/1827 09/30/1830 12/31/1833 03/31/1837 06/30/1840 09/30/1843 12/31/1846 03/31/1850 06/30/1853 09/30/1856 12/31/1859 03/31/1863 06/30/1866 09/30/1869 12/31/1872 03/31/1876 06/30/1879

More information

WORKING CAPITAL MANAGEMENT

WORKING CAPITAL MANAGEMENT CHAPTER 9 WORKING CAPITAL MANAGEMENT Working capital is the long term fund required to run the day to day operations of the business. The company starts with cash. It buys raw materials, employs staff

More information

Project LINK Meeting New York, 20-22 October 2010. Country Report: Australia

Project LINK Meeting New York, 20-22 October 2010. Country Report: Australia Project LINK Meeting New York, - October 1 Country Report: Australia Prepared by Peter Brain: National Institute of Economic and Industry Research, and Duncan Ironmonger: Department of Economics, University

More information

P R E S S R E L E A S E

P R E S S R E L E A S E Hong Kong, May 22, 2013 Survey reveals corporate overdue payment in Asia Pacific region deteriorated in 2012 - Companies are less optimistic about recovery of global economy in 2013 A survey of corporate

More information

The EU s Common Agricultural Policy and the WTO

The EU s Common Agricultural Policy and the WTO The EU s Common Agricultural Policy and the WTO Stephan von Cramon-Taubadel Department of Agricultural Economics and Rural Development Georg-August University Göttingen 1 Outline 1. The Common Agricultural

More information

Guide to managing commodity risk

Guide to managing commodity risk Guide to managing commodity risk October 2012 ISBN: 978-1-921742-33-0 CPA Australia Ltd ( CPA Australia ) is one of the world s largest accounting bodies representing more than 139,000 members of the financial,

More information

a) Aggregate Demand (AD) and Aggregate Supply (AS) analysis

a) Aggregate Demand (AD) and Aggregate Supply (AS) analysis a) Aggregate Demand (AD) and Aggregate Supply (AS) analysis Determinants of AD: Aggregate demand is the total demand in the economy. It measures spending on goods and services by consumers, firms, the

More information

Guide to Public and Private Funding

Guide to Public and Private Funding Guide to Public and Private Funding Introduction to public and private funding Key Public Funding Opportunities Key Private Funding Opportunities Which funding opportunity is right for my business? Do

More information

Statistics Netherlands. Macroeconomic Imbalances Factsheet

Statistics Netherlands. Macroeconomic Imbalances Factsheet Macroeconomic Imbalances Factsheet Introduction Since the outbreak of the credit crunch crisis in 2008, and the subsequent European debt crisis, it has become clear that there are large macroeconomic imbalances

More information

Non-exhaustive list of issues and questions to facilitate preparations for bilateral meetings

Non-exhaustive list of issues and questions to facilitate preparations for bilateral meetings Non-exhaustive list of issues and questions to facilitate preparations for bilateral meetings TURKEY 1) WTO (GATT) COMMITMENTS - on subsidized exports : - quantity - financial volume Sugar is not subject

More information

Knowledge Enrichment Seminar for Senior Secondary Economics Curriculum. Macroeconomics Series (3): Extension of trade theory

Knowledge Enrichment Seminar for Senior Secondary Economics Curriculum. Macroeconomics Series (3): Extension of trade theory Knowledge Enrichment Seminar for Senior Secondary Economics Curriculum Macroeconomics Series (3): Extension of trade theory by Dr. Charles Kwong School of Arts and Social Sciences The Open University of

More information

Macroeconomics, 10e, Global Edition (Parkin) Chapter 24 Finance, Saving, and Investment. 1 Financial Institutions and Financial Markets

Macroeconomics, 10e, Global Edition (Parkin) Chapter 24 Finance, Saving, and Investment. 1 Financial Institutions and Financial Markets Macroeconomics, 10e, Global Edition (Parkin) Chapter 24 Finance, Saving, and Investment 1 Financial Institutions and Financial Markets 1) The term "capital," as used in macroeconomics, refers to A) the

More information

A Trade Agenda that Gets Results

A Trade Agenda that Gets Results A Trade Agenda that Gets Results Annex to the Canadian Chamber of Commerce Election Platform June 2015 A Trade Agenda that Gets Results The Canadian Chamber of Commerce 1 Canada s next government should

More information

Dealing With Your Banker &

Dealing With Your Banker & Dealing With Your Banker & Other Lenders Your financing The success or failure of your business will depend on whether or not you have enough capital to: buy the equipment and inventory you need; pay overhead

More information

Money Borrowing money

Money Borrowing money Money Borrowing money Aims: To enable young people to explore ways of borrowing money and the advantages and possible consequences of doing so. Learning Outcomes: By the end of the session the participants

More information

GCSE Business Studies Bowton Spice Bazaar Revision Guide

GCSE Business Studies Bowton Spice Bazaar Revision Guide GCSE Business Studies Bowton Spice Bazaar Revision Guide Tips for the Exam Remember context is key when it comes to the case study paper. You should always develop your analysis (explanations) in the context

More information

Stock Market Crash and Great Depression

Stock Market Crash and Great Depression Stock Market Crash and Great Depression USHC-7.4 Explain the causes and effects of the stock market crash of 1929 and the Great Depression, including the disparity in incomes, limited government regulation,

More information

YOUR PERSONAL FINANCIAL PLAN AND FACT FIND

YOUR PERSONAL FINANCIAL PLAN AND FACT FIND Document name: YOUR PERSONAL FINANCIAL PLAN AND FACT FIND Document date: 2014 Copyright information: Content is made available under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 Licence

More information

Version 2016/01. Credit Report Advice

Version 2016/01. Credit Report Advice Version 2016/01 D Credit Report Advice Credit checks When you apply to buy a shared ownership property, we will ask to check your credit history as part of the application process, and so will any mortgage

More information

SMALL BUSINESS DEVELOPMENT CENTER RM. 032

SMALL BUSINESS DEVELOPMENT CENTER RM. 032 SMALL BUSINESS DEVELOPMENT CENTER RM. 032 FINANCING THROUGH COMMERCIAL BANKS Revised January, 2013 Adapted from: National Federation of Independent Business report Steps to Small Business Financing Jeffrey

More information

HW 2 Macroeconomics 102 Due on 06/12

HW 2 Macroeconomics 102 Due on 06/12 HW 2 Macroeconomics 102 Due on 06/12 1.What are the three important macroeconomic goals about which most economists, and society at large, agree? a. economic growth, full employment, and low interest rates

More information

Control Debt Use Credit Wisely

Control Debt Use Credit Wisely Lesson 10 Control Debt Use Credit Wisely Lesson Description In this lesson, students, through a series of interactive and group activities, will explore the concept of credit and the impact of liabilities

More information

Gr. 6-12 English Language arts Standards, Literacy in History/Social Studies and Technical Studies

Gr. 6-12 English Language arts Standards, Literacy in History/Social Studies and Technical Studies Credit Lesson Description Concepts In this lesson, students, through a series of interactive and group activities, will explore the concept of credit and the impact of liabilities on an individual s net

More information

Trends in Foreign Direct Investment Inflows

Trends in Foreign Direct Investment Inflows Trends in Foreign Direct Investment Inflows This article briefly examines recent trends in foreign direct investment in Australia, both in the context of the longer-term perspective and relative to the

More information

4 What Are the Exit Options for

4 What Are the Exit Options for CHAPTER 4 What Are the Exit Options for your Business? Choosing the optimum exit option for your business is a vital part of exit strategy planning. In this chapter we: examine briefly the various exit

More information

Role of Financial Information in Global Credit Decision-Making

Role of Financial Information in Global Credit Decision-Making Role of Financial Information in Global Credit Decision-Making Speaker Edwin Bell, PhD, CICP, ICCE Date June 15 th, 2016 Time 2:00 3:00pm Session Number 25080 Going Global Series Role of Financial Information

More information

TEXAS MANUFACTURING EXPANDS BUT AT A SLOWER PACE

TEXAS MANUFACTURING EXPANDS BUT AT A SLOWER PACE ust 25, 2014 TEXAS MANUFACTURING EXPANDS BUT AT A SLOWER PACE For this month's survey, manufacturers were asked supplemental questions on health care costs and the impact of the Affordable Care Act. Texas

More information

C. Resources - are factors of production that are used in the production of goods and services. Types of resources are:

C. Resources - are factors of production that are used in the production of goods and services. Types of resources are: I. CE.11a A. People make choices about how to use limited resources, decide the ownership of resources, and structure markets for the distribution of goods and services. B. Scarcity there is never enough

More information

Chapter 13 International Trade: Does it Jeopardize American Jobs

Chapter 13 International Trade: Does it Jeopardize American Jobs Chapter 13 International Trade: Does it Jeopardize American Jobs Multiple Choice Questions 1. In 2006, trade made up percent of the U.S. economy. a. 1.3 b. 5.0 C. 11.5 d. 22.7 2. In 2005, the U.S. experienced

More information

2013 global economic outlook: Are promising growth trends sustainable? Timothy Hopper, Ph.D., Chief Economist, TIAA-CREF January 24, 2013

2013 global economic outlook: Are promising growth trends sustainable? Timothy Hopper, Ph.D., Chief Economist, TIAA-CREF January 24, 2013 2013 global economic outlook: Are promising growth trends sustainable? Timothy Hopper, Ph.D., Chief Economist, TIAA-CREF January 24, 2013 U.S. stock market performance in 2012 * +12.59% total return +6.35%

More information

Starting a business. Is running a business for you?

Starting a business. Is running a business for you? Starting a business 01 Starting a business Starting your own business will be one of the most exciting and challenging things you will ever do. To be successful, you ll need to be well-prepared for what

More information

GCSE. Economics. Mark Scheme for June 2013. General Certificate of Secondary Education Unit A593: The UK Economy and Globalisation

GCSE. Economics. Mark Scheme for June 2013. General Certificate of Secondary Education Unit A593: The UK Economy and Globalisation GCSE Economics General Certificate of Secondary Education Unit A593: The UK Economy and Globalisation Mark Scheme for June 2013 Oxford Cambridge and RSA Examinations OCR (Oxford Cambridge and RSA) is a

More information

Globalization and International Trade

Globalization and International Trade 12 Globalization and International Trade Globalization refers to the growing interdependence of countries resulting from the increasing integration of trade, finance, people, and ideas in one global marketplace.

More information

Globalisation: Keeping the Gains. Student Guide

Globalisation: Keeping the Gains. Student Guide Globalisation: Keeping the Gains Student Guide Globalisation: Keeping the Gains Student Guide Prepared by Anita Forsyth, Faculty of Education, Monash University INTRODUCTION A day hardly goes by without

More information

BALANCE OF PAYMENTS AND FOREIGN DEBT

BALANCE OF PAYMENTS AND FOREIGN DEBT BALANCE OF PAYMENTS AND FOREIGN DEBT V 1. BALANCE OF PAYMENTS In 1997, the external current account deficit was 8.1 billion krónur, corresponding to 1. percent of GDP. It declined from 8.9 b.kr., or 1.8

More information

Leaving Certificate Business Studies Domestic Environment

Leaving Certificate Business Studies Domestic Environment Leaving Certificate Business Studies Domestic Environment Please see Teachers Notes for explanations, additional activities, and tips and suggestions. Levels Language focus Learning focus Students' English-language

More information

TPP#NEGOTIATION## OPPORTUNITIES#AND#CHALLENGES#FOR# VIETNAM#TEXTILE#&#APPAREL#INDUSTRY#

TPP#NEGOTIATION## OPPORTUNITIES#AND#CHALLENGES#FOR# VIETNAM#TEXTILE#&#APPAREL#INDUSTRY# TPP#NEGOTIATION## OPPORTUNITIES#AND#CHALLENGES#FOR# VIETNAM#TEXTILE#&#APPAREL#INDUSTRY# Vietnam Textile & Apparel Association Hanoi, March 2013 INDUSTRY INTRODUCTION ROLE OF T&A INDUSTRY IN VIETNAM INTEGRATING

More information

Econ 202 Section 4 Final Exam

Econ 202 Section 4 Final Exam Douglas, Fall 2009 December 15, 2009 A: Special Code 00004 PLEDGE: I have neither given nor received unauthorized help on this exam. SIGNED: PRINT NAME: Econ 202 Section 4 Final Exam 1. Oceania buys $40

More information

Specifics of national debt management and its consequences for the Ukrainian economy

Specifics of national debt management and its consequences for the Ukrainian economy Anatoliy Yepifanov (Ukraine), Vyacheslav Plastun (Ukraine) Specifics of national debt management and its consequences for the Ukrainian economy Abstract This article is about the specifics of the national

More information

External economic influences on business behaviour

External economic influences on business behaviour 7 External economic influences on business behaviour A Activity 7.1 (page 115): De Smit sees recession haven in safari parks 1 Explain the terms: recession [2] economic boom. [2] Definition of recession:

More information

TYPES OF ECONOMIC SYSTEMS Definition Key Terms Countries

TYPES OF ECONOMIC SYSTEMS Definition Key Terms Countries Cuba Brazil TYPES OF ECONOMIC SYSTEMS Definition Key Terms Countries 1) Market economy An economic system in which individuals own and operate the factors of production. 2) Command economy An economic

More information

UHI Explained. Frequently asked questions on the proposed new model of Universal Health Insurance

UHI Explained. Frequently asked questions on the proposed new model of Universal Health Insurance UHI Explained Frequently asked questions on the proposed new model of Universal Health Insurance Overview of Universal Health Insurance What kind of health system does Ireland currently have? At the moment

More information

The International Monetary Order and the Canadian Economy

The International Monetary Order and the Canadian Economy Notes for Remarks by David Dodge Governor of the Bank of Canada to the Canada-U.K. Chamber of Commerce London, U.K. 28 June 2005 The International Monetary Order and the Canadian Economy As business people

More information

What factors have contributed to globalisation in recent years? by Maziar Homayounnejad, Queen Elizabeth's School, Barnet.

What factors have contributed to globalisation in recent years? by Maziar Homayounnejad, Queen Elizabeth's School, Barnet. What factors have contributed to globalisation in recent years? by Maziar Homayounnejad, Queen Elizabeth's School, Barnet. Globalisation can be defined: as the growing interdependence of world economies.

More information

Current Status of the Economy, Challenges and Opportunities for Regional Business: Tea Industry

Current Status of the Economy, Challenges and Opportunities for Regional Business: Tea Industry Current Status of the Economy, Challenges and Opportunities for Regional Business: Tea Industry Chatura Rodrigo Research Economist Institute of Policy Studies of Sri Lanka Presentation flow Current Status

More information

Outlook. for theus Dollar

Outlook. for theus Dollar Outlook for theus Dollar The US dollar staged one of its most powerful rallies in August, with the 1 rising nearly 6% 2 that month. The breadth of the rally was also impressive, with the currency rising

More information

Nega Wubeneh Department of Agricultural Economics Purdue University 1145 Krannert Building West Lafayette, IN 47906 USA.

Nega Wubeneh Department of Agricultural Economics Purdue University 1145 Krannert Building West Lafayette, IN 47906 USA. A General Equilibrium Analysis of the Impact of Eliminating US Cotton Subsidies on US and World Cotton Market Nega Wubeneh Department of Agricultural Economics Purdue University 1145 Krannert Building

More information

Chapter 32 A Macroeconomic Theory of the Open Economy

Chapter 32 A Macroeconomic Theory of the Open Economy Chapter 32 A Macroeconomic Theory of the Open Economy TRUE/FALSE 1. Over the past two decades, the United States has persistently exported more goods and services than it has imported. ANS: F DIF: 1 REF:

More information

The ELSA Reading Test - Instructions and Sample Questions

The ELSA Reading Test - Instructions and Sample Questions The ELSA Reading Test - and Sample Questions are given for both online and paper versions of the ELSA tests. Since the online tests are identical in content to the traditional paper-based tests, only one

More information

The National Accounts and the Public Sector by Casey B. Mulligan Fall 2010

The National Accounts and the Public Sector by Casey B. Mulligan Fall 2010 The National Accounts and the Public Sector by Casey B. Mulligan Fall 2010 Factors of production help interpret the national accounts. The factors are broadly classified as labor or (real) capital. The

More information

The Evolution of Textile and Apparel Industry in Asia. Dr. Gordon YEN Executive Director & Chief Financial Officer

The Evolution of Textile and Apparel Industry in Asia. Dr. Gordon YEN Executive Director & Chief Financial Officer The Evolution of Textile and Apparel Industry in Asia Dr. Gordon YEN Executive Director & Chief Financial Officer 1 Global Supply Chain Major cotton suppliers Major yarn spinners & fabric mills Major garment

More information

BSc Finance. Dr Gareth Campbell

BSc Finance. Dr Gareth Campbell BSc Finance Dr Gareth Campbell BSc Finance What is Finance? BSc Finance at Queen s Why study Finance at Queen s? Career Opportunities Relevance Quality Student Experience Entrance Requirements Eurozone

More information

PRACTICE- Unit 6 AP Economics

PRACTICE- Unit 6 AP Economics PRACTICE- Unit 6 AP Economics Multiple Choice Identify the choice that best completes the statement or answers the question. 1. The term liquid asset means: A. that the asset is used in a barter exchange.

More information

Efic. Capital outflows from emerging markets revisited. 27 February 2014. Roger Donnelly Chief Economist

Efic. Capital outflows from emerging markets revisited. 27 February 2014. Roger Donnelly Chief Economist Efic Capital outflows from emerging markets revisited 27 February 2014 Roger Donnelly Chief Economist Capital outflows from emerging markets revisited Conclusion We maintain the conclusion we reached last

More information

Why a Floating Exchange Rate Regime Makes Sense for Canada

Why a Floating Exchange Rate Regime Makes Sense for Canada Remarks by Gordon Thiessen Governor of the Bank of Canada to the Chambre de commerce du Montréal métropolitain Montreal, Quebec 4 December 2000 Why a Floating Exchange Rate Regime Makes Sense for Canada

More information

17 th IDP Australian International Education Conference 21 24 October 2003, Melbourne, Australia

17 th IDP Australian International Education Conference 21 24 October 2003, Melbourne, Australia 17 th IDP Australian International Education Conference 21 24 October 2003, Melbourne, Australia Paper Title: Presenters: Dollars and Sense in International Education Dr David Back and Paridhi Rathore

More information

Policy & Corporate Governance Manager (maternity cover) Thank you for your interest in the above position at DACS.

Policy & Corporate Governance Manager (maternity cover) Thank you for your interest in the above position at DACS. 12 September 2013 Dear Applicant, Policy & Corporate Governance Manager (maternity cover) Thank you for your interest in the above position at DACS. We are delighted to enclose a DACS job application pack.

More information

2.5 Monetary policy: Interest rates

2.5 Monetary policy: Interest rates 2.5 Monetary policy: Interest rates Learning Outcomes Describe the role of central banks as regulators of commercial banks and bankers to governments. Explain that central banks are usually made responsible

More information

Valuing the Business

Valuing the Business Valuing the Business 1. Introduction After deciding to buy or sell a business, the subject of "how much" becomes important. Determining the value of a business is one of the most difficult aspects of any

More information

Credit Card Expiration Date. Make absolutely sure to write your name on this test booklet and the scantron sheet.

Credit Card Expiration Date. Make absolutely sure to write your name on this test booklet and the scantron sheet. Test Version A Name Credit Card Number Credit Card Expiration Date contains 23 multiple choice questions which should be answered on both the scantron and the test. Questions 24-26 are math/graphing questions

More information

1. Planning - Establishing organizational goals and deciding how to accomplish them

1. Planning - Establishing organizational goals and deciding how to accomplish them 1 : Understanding the Management Process Basic Management Functions 1. Planning - Establishing organizational goals and deciding how to accomplish them SWOT analysis - The identification and evaluation

More information

2012: Deeper into crisis or the long road to recovery?

2012: Deeper into crisis or the long road to recovery? 2012: Deeper into crisis or the long road to recovery? Bart Van Craeynest Hoofdeconoom Petercam Bart.vancraeynest@petercam.be 1 2012: crises looking for answers Global slowdown No 2008-0909 rerun Crises

More information

Integrated Skills in English ISE II

Integrated Skills in English ISE II Integrated Skills in English ISE II Reading & Writing exam Sample paper 1 Your full name: (BLOCK CAPITALS) Candidate number: Centre: Time allowed: 2 hours Instructions to candidates 1. Write your name,

More information

THE CONTRACT FOR SINO-FOREIGN EQUITY JOINT VENTURE

THE CONTRACT FOR SINO-FOREIGN EQUITY JOINT VENTURE THE CONTRACT FOR SINO-FOREIGN EQUITY JOINT VENTURE Chapter 1 General Provisions In accordance with the Law of the People s Republic of China on Joint Ventures Using Chinese and Foreign Investment (the

More information

For centuries, people of the world have traded. From the ancient silk routes and spice trade to modern

For centuries, people of the world have traded. From the ancient silk routes and spice trade to modern International Trade For centuries, people of the world have traded. From the ancient silk routes and spice trade to modern shipping containers and satellite data transfers, nations have tied their economies

More information

A Framework for Agricultural Policy Analysis

A Framework for Agricultural Policy Analysis Slide 1 A Framework for Agricultural Policy Analysis Scott Pearson Stanford University Scott Pearson is Professor Emeritus of Agricultural Economics at the Food Research Institute, Stanford University.

More information

Entrepreneur, business activity

Entrepreneur, business activity Entrepreneur, business activity Entrepreneur = an individual, who organizes production, that means who combines factors of production (land, labour, capital) to produce goods and services, who takes risks

More information

In Debt? Dealing with your creditors Call: 0800 157 7330 or 01257 251319 www.debtproblemsuk.com

In Debt? Dealing with your creditors Call: 0800 157 7330 or 01257 251319 www.debtproblemsuk.com Debtfocus Business Recovery & Insolvency Ltd In Debt? Dealing with your creditors Call: 0800 157 7330 or 01257 251319 www.debtproblemsuk.com Content highlights Before you read this guide in detail, you

More information

The Circular Flow of Income and Expenditure

The Circular Flow of Income and Expenditure The Circular Flow of Income and Expenditure Imports HOUSEHOLDS Savings Taxation Govt Exp OTHER ECONOMIES GOVERNMENT FINANCIAL INSTITUTIONS Factor Incomes Taxation Govt Exp Consumer Exp Exports FIRMS Capital

More information

Job Application Form

Job Application Form Swan Mill Holdings Group Swan Mill Paper Co Ltd Penny Kennedy Castleview Enterprises Ltd Swantex Asia Post Applied for: Post Location: Job Application Form Interview #1 Date: Interview #2 Date: It is important

More information

The term marginal cost refers to the additional costs incurred in providing a unit of

The term marginal cost refers to the additional costs incurred in providing a unit of Chapter 4 Solutions Question 4.1 A) Explain the following The term marginal cost refers to the additional costs incurred in providing a unit of product or service. The term contribution refers to the amount

More information

Financial Ratio Cheatsheet MyAccountingCourse.com PDF

Financial Ratio Cheatsheet MyAccountingCourse.com PDF Financial Ratio Cheatsheet MyAccountingCourse.com PDF Table of contents Liquidity Ratios Solvency Ratios Efficiency Ratios Profitability Ratios Market Prospect Ratios Coverage Ratios CPA Exam Ratios to

More information

Using Credit to Your Advantage.

Using Credit to Your Advantage. Using Credit to Your Advantage. Topic Overview. The Using Credit To Your Advantage topic will provide participants with all the basic information they need to understand credit what it is and how to make

More information

3 rd Brazil - China Capital Markets Forum

3 rd Brazil - China Capital Markets Forum 3 rd Brazil - China Capital Markets Forum Ilan Goldfajn Chief Economist, Itaú Unibanco Partner, Itaú BBA August 30 th, 2012 In Brief World: consolidating a scenario of low growth. Slow recovery in the

More information