Task 3; Try to fill in the chart below for each country, then read the text
and check your ideas.
Country
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Major national products
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Possible threats to development
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Brazil
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Russia
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India
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China
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Task 4 discussion;
“Economic situation in your country. Prospects of development”. Speak about the following:
• gross national product
• leading industries
• import and export
• national currency
• inflation
• employment
• standard of living
Learn by heart idioms;
Idioms for talking about tough financial situations/ poverty
go broke – lose all of one’s money
tighten our belts – spend less and have a lower standard of living
down and out – extremely impoverished
from hand to mouth – salary immediately gets spent on basic necessities with little left over
strapped for cash – doesn’t have money to spend at the moment
don’t/doesn’t have two nickels to rub together – poor; broke
lose one’s shirt – lose a lot of money on a deal, transaction, investment, etc.
pinch pennies – to be extremely thrifty (noun form: penny pincher)
get back on one’s feet – recover, usually from a tough financial situation
in the hole – in debt
Idioms for talking about good financial situations/ wealth
well off – wealthy
strike it rich – to suddenly become wealthy
make a killing – make a lot of money on a deal, transaction, business, etc.
deep pockets – rich, wealthy
born with a silver spoon in one’s mouth – be born wealthy and privileged
Idioms for talking about payments
pick up the tab – pay for something
foot the bill – pay for something
set you back – cost someone (as in “What did it set you back?”)
cough up the money (cough it up) – reluctantly pay for something
pay through the nose – pay an excessive amount for something
cost an arm and a leg – cost a lot; be very expensive
pay top dollar – pay a lot of money
break the bank – spend a lot of money on something
Idioms for talking about profit and loss
in the black – making a profit
in the red – not making a profit
break even – income equals expenses
Idioms for talking about something expensive/valuable
cost an arm and a leg – cost a lot; be very expensive
pay top dollar – pay a lot of money
worth its weight in gold – very valuable
jack up the price – increase the price of something
pay through the nose – pay an excessive amount for something
Idioms for talking about corruption and dishonesty
rip someone off – take advantage of someone in a financial transaction (noun form: a rip off)
slush fund – money allotted for unofficial, corrupt, or illegal transactions
buyer beware – said to communicate that the buyer is responsible for verifying the quality of goods
grease someone’s palm – offer a bribe
writing;
Some problems are becoming more and more common in many countries. Choose one of them. Try to give your own solutions. (state the problem and the causes) use idioms in your work.
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