UNIT 1: ECONOMIC ACTIVITY

I.  ORAL QUESTIONS
a. to earn a living (and to produce goods and services)
b. goods and services
c. services
d. a car and some service which helps him to maintain his car.
e. the sum-total of what people do and what they want.
f. what they need and the money with which they can buy essential commodities.
g. essential commodities and services which satisfy their basic needs,
and non-essential commodities and services which provide their particular personal satisfaction
II. COMPREHENSION: TRUE or FALSE
a. True    
b. False (Goods – not Services) 
c. False (To make it TRUE, the word “respectively” should be added at the end of the sentence ð Schools
and hospitals provide education and medicine, respectively)
d. False (manufactured)
e. True
f. False (An economic activity – not an economic system)
g. True
h. False (Economic system – not Economic activity)
i. True
j. False (They hope to earn enough money to buy….)
III. VOCABULARY
a. services            b. example       c. activities                  d. undertake
e. essential            f. enough         g. personal
IV. WORD STUDY
a. national           b. natural         c. educational              d. commercial              e. personal
V. SENTENCE STUDY
1. The terms are very good
2. Jim is choosing the bank loan
3. Jim has to pay over a period of five years
4. The number of foreign tourists to Japan increases every year.
5. At the moment they are working on many projects.
6. The messenger takes the packages every day.
7. Next year Alison is going to apply for the business course.
8. Mr. Blake approved a pay rise for you at the meeting yesterday.
9. We decided to finance the new hotel in Cairo.
10. 25 percent of the international students study trade.