Ex. 4. Get ready to give a summary of the text in class

■ Vocabulary Study

Ex. 5. Match the words to their definitions:

1) subsidy   2) recession 3) withdrawal   4) collapse   5) large-scale     6) to dominate   7) cash 8) to proceed 9) outrageous

a) to continue to do something that has already been planned or started b) a sudden, complete failure; breakdown c) the removal or stopping of something such as support, an offer, or a service d) money in the form of coins or banknotes, esp. that issued by a government e) money that is paid by a government or organization to make prices lower, reduce the cost of producing goods etc f) a period of an economic contraction, sometimes limited in scope or duration g) very shocking and extremely unfair or offensive h) very extensive or encompassing; of great scope i) to control someone or something or to have more importance than other people or things

Ex. 6. Give nouns derived from the verbs below:

1) to withdraw − ________________

2) to collapse − ________________

3) to fly − ________________

4) to interfere − ________________

5) to subsidise − ________________

6) to dominate − ________________

7) to grow − ________________

8) to release − ________________

9) to achieve − ________________

10) to export − ________________

Ex. 7. Complete these sentences with a verb / adjective and a preposition from each box:

result dependent proceed refer

with to in on

1) The government was determined to _______ ____ the election in spite of the problems.

2) Norway’s economy is heavily ________ ____ natural resources.

3) The author didn’t _______ ____ his teachers in his article.

4) Fortunately that accident didn’t ______ ____ the death of passengers.

Ex. 8. Match the words to form collocations found in the text:

1) severe 2) capital 3) purchasing power 4) withdrawal of 5) property 6) independent

a) subsidies b) reporting c) rights d) flight e) parity f) recession