Lesson 17

18 Abril 2016, 12:00 • Katarzyna Dominika Karpowicz Osowska

- "Business and economics: Ups and downs" - speaking, reading, vocabulary (pp. 100-101)

- Homework: ex. 1 p. 114 + research: A piece of economic/business news + CPE Test 3 (pp. 180-184)

Vocabulary from the lesson:

- supply and demand
- assets and liabilities
- boom and slump
- income and expenditure
- profit and loss
- a tax haven
- recession
- inflation
- counterfeit/fake goods
- underground economy
- a merger
- downward trend: to drop, to fall, to plummet, to plunge
- upward trend: to grow, to rise, to boom, to climb, to peak, to surge, to go from strength to strength