2018-12-26 TOEFL: business vocab, test

Business and Economics vocabulary - Read the sentences, and match the words with their definitions below.
1 B - economist, economics
2 K - (n and v), supplier
3 D - (n and v)
4 G - inflate, inflated, inflationary (de- gives the opposite words)
5 V
6 C
7 L - capitalism, capitalist, capitalize, capitalization
8 R - invest, investment
9 S - (shareholder = someone who owns shares of something)
10 T - (n and v), budgetary
11 J - allocation
12 O
13 M - generator, generation
14 P - profitable, profiteer
15 I - measurement
16 U
17 N - promotion, promoted, promotional
18 H - (the verb means something like “promote”)
19 Q - (n and v)
20 A
21 F - competitive, competition, competitor
22 E - consume, consumption, consumerism
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Handout (Collins) part A - Replace the italic words in each sentence with words from the first handout.
1 a compete
  b consumer
2 a budget
  b economy
3 a investors
  b capital
4 a measured
  b output
5 a Inflation
  b crisis
6 a sector
  b generates
7 a firms
  b promote
8 a demand
  b supply
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part B - Now use the correct forms of the words to complete the paragraph.
1 promoting
2 firm
3 consumers
4 market
5 competitive
6 demand
7 profit
8 budget
9 allocated
10 supply
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p. 46 - Listen to part of a lecture and answer the questions.
1 A
2 C
3 B - “There is little incentive for firms to produce the best products.” -> The products are not the best. -> The products are poor quality.
4 A
5 C
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http://www.khoaielts.com/wp-content/uploads/2017/08/Check-Your-English-Vocabulary-for-IELTS-4th.pdf
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IELTS vocab p. 89 part 1 - What is the difference between each pair of words?
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BREAK
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Write the numbers 1 to 34 on a piece of paper.
Listen and take notes, then answer the questions about each passage.
Check your answers when you’re finished.
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IELTS vocabulary p. 89 part 2 - Do you understand the bold words?