M2 training: economic systems, inflation, industrial revolution, BRICS, unemployement, industry 4.0 #357883

The USA and the UK

Decide whether the following sentences refer to the USA or to the UK.

A: It is the world's largest economy.

B: It is a consumer economy.

C: It has seen a rapid growth of the tertiary sector, especially in finance and technology.

D: It has a mixed economy.

E: The government is in charge of matters that are not under the control of private sectors.

F: Its economy has been affected by the decision to leave the EU.

G: From the second half of the 20th century, it has faced a drop in traditional manufacturing industries.

H: It has an important roel in the WTO.

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The business cycle

1. A growth of the GDP indicates a ________.
2. When the GDP decreases, we say that it is a period of ________.
3. The term ________ is a synonym for depression.
4. A ________ is a downturn that lasts for more than half a year.
5. The lowest point of the business cycle is a ________.
6. When economy starts to rise again, there is a period of ________

Completamento chiuso

What is a rich nation?

Mark the sentences true or false.

A: The way in which rich and poor countries are measured determines the definition of the richest and poorest countries in the world.

B: The USA would be the richest country if we measured nominal GDP.

C: Nominal GDP considers the population of a country and how income is distributed.

D: Relative purchasing power parity measures price in different regions of a country.

E: In many countries, the distribution of wealth has become less and less equal in the latest years.

F: With the same amount of money, you can buy lots of goods and services in a country and much less in another.

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The four industrial revolutions

The four Industrial Revolutions have taken place in the last ________.

The First Industrial Revolution started with ________ in Britain, than it expanded to the rest of the ________. It changed the ________ because industrial areas were created for the first time.

The Second Industrial Revolution started off in the second half of the ________: it was characterized by the production of ________ and ________. It saw the appearance of ________ means of transports and later of ________.

The Third Industrial Revolution took place in the USA, Europe and Asia starting from 1969. During it, there was a development of ________ and ________.

The Fourth Industrial Revolution is also called ________. It began in 2000 with the invention of ________ and has to do with everything related to ________.

Posizionamento

Economic indicators and inflation

Select the sentences that refer to inflation.

A: It results in a rise of the price of goods and services.

B: It indicates the economic performance of a country in a year.

C: People are able to buy less goods with the same amount of money.

D: It is calculated considering the different cost of living in different countries.

E: It is a system of calculation that gives better results to countries with strong currencies and small populations.

F: Governments want to keep its rate low or steady.

G: It is calculated from the annual percentage change in consumer prices.

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The BRICS countries

1. The BRICS countries are ________.
2. In the future, India will probably become the major supplier of ________.
3. China's economy has grown also thanks to the introduction of ________.
4. One downside of China's economic growth is a rise in ________.
5. To contrast pollution, China has declared it will meet on-fifth of its energy needs using ________ of energy.
6. China's relationship with the USA is often ________ because it is its main economic competitor.
7. After many years of ________, India is now working to establish a free market system.
8. One of the most promising Indian industries is the ________ one.
9. India exports a great number of services related to ________.
10. India still needs to sort out important ________ issues.

Completamento chiuso

Main economic systems

Match each sentence to the economic system it refers to.

A: The government decides the prices of goods and services.

B: The role of the government is marginal.

C: The involvement of public and private enterprise is balanced.

D: In this system, some public services are controlled by the government.

E: Every economy-related decision is made by the government.

F: Free trade is one of its features.

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Coketown

Coketown is a ________ industrial town described in Charles Dicken's novel Hard Times. It depicts the conditions both of the city and of the people who lived in it.
Through a journey that involves different senses, the author gives details about the ________ of the buildings and of the river, the ________ of the smoke in the air, the ________ that came from machinery at work, the ________ of the dye and the feeling of ________ caused by the constant movement of pistons. The final lines of the excerpt describe the ________ and the harshness of life in Victorian ________.

Posizionamento

Industry 4.0

The development of the so-called Industry 4.0, or ________ manufacturing, has some pros and some cons.
The increased ________ that results from automation has also boosted inequality, since less ________ workers are no longer needed in many sectors.
Also, the augmentation of free time that comes from the opportunity to do chores ________ exposes us to ________ risks.
We don't have to forget that if it's true that we can do business everywhere in the world, many traditional ________ are struggling to survive due to the competition of new services.
One last contrast has to be remembered: on the one hand, it has become easier to ________ a startup since costs have decreased and virtually anyone can get online ________. On the other hand, some industries have to deal with ________ issues.

Posizionamento

Unemployment

Select the sentences that refer to unemployment.

A: It refers to people who are not suitable for work.

B: It refers to the people who are more than 16 years old and are not currently working.

C: It does not consider people who are not in search of a job.

D: To calculate its rate, we divide the number of the unemployed by the number of people in the workforce.

E: Governments normally don't worry when its levels rise.

F: It can be a cause of social issues.

G: The best level of unemployment rate is under 5%.

H: All governments share a common method to contrast unemployment.

Scelta multipla