vocabulary

QUESTION 1:  The increased globalization of the commodity trading business is something we must exploit. 

  What does the word exploit mean?

• A. To discover something 

• B. To come up with a solution that we encounter 

• C. To use something to one’s advantage 

• D. To achieve a purpose 

QUESTION 2: Her trip was ruined and gone awry because she did not plan it well. 

What does the word go awry mean? 

• A. To turn out worse than was planned. 

• B. To become unexpected 

• C. To turn out better than was expected 

• D. To complete successfully  

QUESTION 3: The older a person gets; the more time and money people need to rebound from an injury or illness. 

What does the word rebound mean? 

• A. To rise again after they have fallen

• B. To get better, to come back to a good position after bad times.

• C. To bounce back after hitting a hard surface 

• D. An improvement in an economy or business activity after 

                   a difficult period 

QUESTION 4: He pinned his hopes on getting a new job, so he could buy a new house. 

 

         What does Pin hopes on mean? 

• A. Strong religious belief 

• B. The intention to do something right/wrong 

• C. To see sth as a potential solution to a problem  

QUESTION 5: The results can be remarkable if a business has great marketing coupled with a high-quality product or service. 

          What does couple with mean? 

• A. Indicates an opposite relationship between two factors 

• B. Together with

• C. To a choice of one of many factors to be useful 

   

QUESTION 6: Certain groups of Americans are concerned that, should such trade restrictions not be passed, foreign competitors could, for example, drive the American automotive industry over the cliff. Similarity, some Canadians wonder whether they would be in a better position if they purchased only domestically manufactured products. However, most mainstream (A) economists steadfastly (B) maintain that free trade benefits all consumers and boosts financial prosperity (C) worldwide. 

1. World Music is now well-established and popular with mass audiences and __________ companies.

2. Even more than thirty years later, she _________ claims that “man was alive and wanted to kill her."

3._________ comes more plentifully where economic advancement enjoys social approval.

QUESTION 7: 

Unprecedented       Retaliatory          Outsource

Instead of sending niche services to________ firms, they are looking for a broad range of services offshore.

QUESTION 8: 

Unprecedented              export                     investment

COVID-19 is an ___________ pandemic in human history, that claimed the lives of 6.66 million people worldwide and had serious impact on the economy.

QUESTION 9: In the long term, however, these safeguards (A) nearly always hurt the national economy. In turn, other countries pass retaliatory (B) legislation, which results in the slowdown of international trade and, accordingly, the worldwide economy. 

1. When you start your own business, you should follow _____ to avoid dangers or problems that can make you fail.

2,You can use ______ actions against your when they do harm or terrible things to you.

Answer explanation

- Safeguard (n): a rule or action that is intended to protect someone or something from possible dangers or problems.

 

- Retaliatory (adj): done against someone because he or she has harmed you. 

QUESTION 10: For example, for several decades in the mid-20th century, China chose not to maintain trading relationships with many of the world’s foremost economies. ……...Then, after opening up to foreign investment (A) and producing goods for export (B), the walking giant found a comparative advantage in many types of manufacturing. China quickly became dominant in a variety of industrial and manufacturing sectors. 

1._______ can help companies or even countries raise their profit, and make them well-known by selling or trading goods and commodities to foreign markets

2.Sometimes, in business, taking a risk in a(n)________ to get a high profit is not a clever idea.

Answer explanation

- Investment (n): the use of money to get a profit to make a business activity successfully, or the money that is used. 

 

- Export (n): a commodity, article, or service sold abroad