3 Chapter Three  Economy and Major Cities

Chapter Three   Economy and Major Cities

Exercises

Ⅰ. Fill in the blanks

1.The economic system of the United States is known as     because everyone is free to start an enterprise.

2.With about       of the world’s population , the United States produces about       of the total world output .

3.The United States is still the largest trading nation of the world , with its exports and imports reaching       .

4.The U.S. dollar is still used as an       .

5.Private businesses in America can be divided into three types according to their size and pattern of ownership . They are       ,       ,and       companies .

6.Corporations account for less than       of all businesses , but they generate about      of all business income of the United States .

7.The government provides subsidies , nearly       dollars , for farmers besides assisting low-income families .

8.American people are often split into two groups , usually called       and       , on the issue of economic policy .

9.But America’s growing foreign trade deficit has renewed the debate . It is estimated that more than       of American products currently face foreign competition within markets in the United States .

10.Giant Corporations account for less than     of all business, but they generate about     of all business income of the United States.

11.There are two forms of small businesses:     and     .

12.The small businesses are mostly     and     providing.

13.The South’s lending industries are those that make use of the     supply of natural resources and     materials..

14.______is a symbol of American theatre and world-class entertainment.

15.In the United States,     is a leading commercial crop in the South.

16.The nation’s three chief mineral products are       ,       , and       .

17.In 1996 the United States produced       of the world’s natural gas , over       tons of coal , and about       tons of crude oil .

18.Texas and Louisiana account for almost       of America’s natural gas production and for this reason Texas has a large petrochemical industry .

19._____ Is the largest producer of offshore oil .

20.The United States has more than       nuclear power stations which supply more than       of the nation’s energy while waterpower generates       to       .

21.The headquarter of Microsoft is situated in       of the United States .

22.Most U. S. big companies rely on       to reduce the cost of labor .

23.In 1998 the U. S. service industry employed       of the U. S. workforce and generated       of the GDP .

24._______ is the largest producer of corn in the world .

Ⅱ.Define the following terms.

1.monopolized capitalist

2.Corporations

3.proprietorships

4.Space City of U.S.A.

5.free enterprise system

Ⅲ.Translate the following terms into Chinese

macroeconomics

microeconomics

gross national product per capita

Bretton Woods Conference

Super 301 trade clause

Protectionism

Isolationism

Small Business Administration

Limited Liability Companies

Reciprocal Trade Agreements Act

Tennessee Valley Authority

Chase Manhattan Corporation

Citibank

Morgan Guaranty Trust

Bankers Trust

the American Stock Exchange

Amtrak

Washington Post

Ⅳ.Translate the following terms into English

信息技术

国际货币

国际货币基金组织

苹果电脑公司

沃尔玛

波音飞机公司

百老汇

第五大街

Ⅴ.Answer the following questions in a few sentences.

1.Please list some factors which contribute to the fast development of American economy.

2.What kind of economic system does the United States have?

3.What role does the U.S. government play in developing national economy?

4.What are the principal products?

5.What is the importance of agriculture?

6.Why is manufacturing important in the U.S.?