MLS Economics, Vocabulary Review

 By Nate Feldman

Class objective: Identifying explicit and implied opinions in listening passages.

Vocab. warm-up:

be-all and end-all    carnivore    herbivore     innovative   omnivore   Paleontologists   stringent 

1. For 112 students at ELS, passing the final exam is the ___________________________of the level because you need to do that to graduate from the program.

2. An ______________________person comes up with new ideas and things to solve problems for the world.  

3. _____________________recently discovered massive bones in Argentina of a very large dinosaur.  

4. An _______________________is an animal that eats plants. 

5. A ________________________is an animal that eats meat.  

6. An ______________________eats both plants and meat.

7. The teacher has _______________________rules.  He will not allow you to hand in anything even one minute late.  It must be early or exactly on time.  

Explicit vs. Implied meanings

*something explicit is something directly stated.  For example, if I say, "I don't like that restaurant," I am explicitly saying I don't like it.  If someone asks me about the restaurant, and I say, "well, I've heard the prices are too much and the food could be better," I am implying I don't like the place.  

*We will listen to the audio passage on monopolies vs. competition and identify what the speaker says explicitly and what he implies.  

*Make your own mini-presentation on monopolies.  Come up with a list of questions for the class.  Ask if the opinion is said explicitly or implied.  

Example:

Monopolies are when a particular business in an industry faces no competition in a specific marketplace.  Take for example some petroleum companies in some countries.  There are no other businesses challenging them for that service.  They dominate that market.  Now, is that the best way to run an economy?  There are many people who believe that competition encourages better service by different businesses throughout the world.  Why is that?  It’s because when there is competition, it motivates businesses to try to be the best at what they do.  Without it, they become complacent.  They don’t feel they have to improve the quality of their business because they control every part of it whether they are good or not.  While that is probably true in most circumstances, it’s unfortunate.  Ideally, people would give good service because they like the field they are in and what to offer something good to people. 

 

1.      Monopolies dominate a marketplace   E   I 

 

2.     Most countries would benefit from competition in the marketplace  E   I

 

3.      Monopoly businesses become complacent   E  I