English for Business 1 - (1.1, 1.2)

Question 1

In mixed economies the government has a large role in the _____ of the private sector.

Accepted Answer

regulation

Question 2

Due to _____ , markets waste scarce resources by producing products at higher than necessary cost.

Accepted Answer

productive inefficiencies

Question 3

Governments pass laws to _____ a country's economy.

Accepted Answer

regulate

Question 4

The _____ of a country generally decreases in times of recession.

Accepted Answer

economic activity

Question 5

We have to find equipment that is _____ in order to cut costs.

Accepted Answer

economical

Question 6

The _____ has lasted a long time and has affected most business in the country.

Accepted Answer

economic crisis

Question 7

My company deals with _____ diamonds from the ground in Australia.

Accepted Answer

extracting

Question 8

Many governments around the world have to make decisions on how to _____ resources.

Accepted Answer

allocate

Question 9

_____ economy focuses on the society as a whole.

Accepted Answer

Traditional

Question 10

The secondary sector includes:

Accepted Answer

engineering

Question 11

We need to invest more in the _____ of our factory, or we won't be able to compete on the market.

Accepted Answer

capital goods

Question 12

The quaternary sector provides _____-based services.

Accepted Answer

knowledge

Question 13

My firm _____ services to elderly people who live alone.

Accepted Answer

provides

Question 14

The country's _____ is growing after years of recession.

Accepted Answer

economy

Question 15

The tertiary sector includes:

Accepted Answer

lawyers

Question 16

He graduated from university and he now works as an _____ for the Institute of Economics.

Accepted Answer

economist

Question 17

Experts don't predict any _____ next year in Croatia.

Accepted Answer

economic growth

Question 18

The quaternary sector includes:

Accepted Answer

researchers

Question 19

We have to _____ on business travel, so we no longer allow staff to purchase first-class tickets.

Accepted Answer

economise

Question 20

The quinary sector includes:

Accepted Answer

company directors

Question 21

In a mixed economy, the moment the market fails, the government _____ in order to fix the failure.

Accepted Answer

intervenes

Question 22

A country's industry cannot improve without access to cheap and plentiful _____.

Accepted Answer

raw materials

Question 23

The level of secondary sector production is decreasing in western countries as manufacturing is _____ abroad.

Accepted Answer

outsourced

Question 24

Agriculture and the hotel industry are _____ industries - they require a large amount of workers.

Accepted Answer

labour-intensive

Question 25

There are many _____ countries in Africa which need foreign investment.

Accepted Answer

developing

Question 26

An economic system answers 3 questions: _____ will we produce? _____ to produce it? _____ will get it?

Accepted Answer

What / How / Who

Question 27

The primary sector includes:

Accepted Answer

mining

Question 28

Nobody in the office can take _____ when we close books at the end of the financial year.

Accepted Answer

leave

Question 29

Companies try to sell their _____ as soon as possible in order to save space in their warehouses.

Accepted Answer

finished goods

Question 30

Due to _____ , market fails to produce what society needs and wants the most.

Accepted Answer

allocative inefficiencies

English for Business 1 - (1.1, 1.2)

Questions 30

English for Business 1 - (1.1, 1.2)

Questions 30