Globalization and economic policy: Exercises Fill in the m issing letters

2. Globalization and economic policy:Exercises

2.1 Fill in the m issing letters.

1 It is dangerous for a company to stand aside while competitors Merge (= join together), form “joint ventures”, or create overseas divisions.

2 A 'subsidiary ' (= company owned by another company) is not the same as a 'subsidiary (= money paid by a government to support a business).

3 A less formal synonym for 'bureaucracy' is ‘red tape \

4 A technical word for taxes on imported goods is 'tariffs', A word for limits on the quantity of goods that can be imported is 'quotas'.

5 'The euro against the dollar' (€/$) is currently 1.28. 'The dollar against the yen' ($/¥) is currently 115. These are examples of 'exchange rights'.

6 If a currency falls in value, domestic assets are cheaper for foreigners to buy.

2.2 Find words with a similar meaning and then put them in order to show the business cycle.