UNIT 7: ECONOMIC REFORMS- 12 CB I. Verb tense / verb form 1. Let’s go for a walk as soon as it stops (rain) ____________. 2. Last night, when I (come) __________ there, they (already, go) ___________ to the party. 3. Do you remember (read) ________about it? No, at that time I was too young (read) ________ newspapers. 4. She is not accustomed to (take) ___________ care of by others. 5. They (finish) ____________ the project by the end of next year. 6. By the end of next year, I (work) ___________ for him for 25 years. 7. The film we saw (be) ___________ sad. It (make) ___________ me (cry) 8. No one (enjoy) ___________ (deceive) ____________ by others. 9. When I (arrive) _____________ at his house this morning, he (still, sleep) ___________. 10. I prefer (telephone) _______________ to (write) _____________ letters. 11. He was made (sign) ___________ a paper admitting his guilt. 12. He usually (wear) __________sandals but when I last (see) ________ him, he (wear) ____________ boot. 13. He discovered how (open) ___________ the safe. 14. She isn’t old enough (travel) __________ by herself. 15. Most people prefer (spend) ____________ money to (earn) ____________ it. 16. I (call) _____________ Roger at nine last night, but he (not, be) ______________ at home. He (study) _______________ at the library. 17. I almost missed my plane. All of the other passengers (already, board) ____________ when I (get) ______________ there. 18. Yesterday at a restaurant, I (see) ____________ Pam, an old friend of mine. I (not, see) __________ her for years. At first, I (not, recognize)) ____________ her because she (lose) __________ at least 50 pounds. 19. Hurry up! By the time we (get) ____________ to the cinema, the film (already, start) ____________. 20. Ms. Abbott (walk) ___________ home from work when she (see) ____________ a child fall off the bridge. After (shout) __________ for help, she (take) ____________ off her shoes and (jump) ________ in (save) ___________ him. II. Fill in gap in the sentences with one word from the box: 1. During the summer, business is often ……………. 2. What ………………… shall we take to solve this very puzzling mystery? 3. There is a shape and sudden rise in prices resulting from ……………………. 4. The new government made many needed …………………………… 5. Under the price – support program, farmers are given a ……………… to encourage them to produce surpluses 6. The teacher ………………… the class into the wonders of science by telling a few interesting things about the earth and stars 7. Direct mail is the fastest growing ……………………. in the advertising industry 8. I was too sleepy to be …………………….how cold it was 9. This herd of horses was ………………………. , but out on the plains they became wild 10. The chairman’s strong will ………………… the committee, which did what he wanted III. Word form: 1. We are able to offer customers an even greater ………………………… of products. (choose) 2. They aim to raise ………………………………… of the dangers of passive smoking (aware) 3. The organization has been criticized for ………………………………… and corruption (efficiency) 4. In recent years, many countries have faced great economic …………………………… (difficult) 5. E-mail is an ………………………………. way of communicating with customers (economy) 6. Bananas rank among the farmers’ chief ………………………… products here (agriculture) 7. Honest, reliable people always fulfill their …………………first (commit) 8. According to him, there’s no simple ………………………………. to this problem (solve) 9. The strike was settled by the ………………………………… of the president ( intervene) 1 measures reforms stagnant aware initiated dominated inflation sector subsidydomestic 10. ……………… nations consume natural resources at several times the rate of agrarian countries (industry) 11. If we don’t …………………. on electricity, there will be power cuts (economy) 12. There used to be a ……………………………. of schools, hospitals in my country (short) 13. We believe that we will gain great …………………… and build better life for our people (achieve) 14. The new laws have ………………………… both domestic and foreign private investment (courage) 15. The National Congress of the Vietnamese Communist Party continued to reaffirm its ………….to Doi Moi (commit) IV. Finish the following sentences: 1. It was cold. However, Tom and his friends still went swimming Although__________________________________________________________________________________ 2. Mary was sad, but she smiled and pretended to be having a good time Despite___________________________________________________________________________________ 3. Even though his grades were low, he was admitted to the college In spite____________________________________________________________________________________ 4. He has a vast fortune. Nevertheless, he is unhappy Even_____________________________________________________________________________________ 5. They went jogging in the park despite the hot weather Though___________________________________________________________________________________ 6. In spite of the hard work, they enjoyed themselves Although__________________________________________________________________________________ 7. John wasn’t hungry, but he ate two dishes of ice cream anyway Despite___________________________________________________________________________________ 8. In spite of not being feeling good, Jack went to class Even_____________________________________________________________________________________ 9. George did not panic even though he was alone and lost in the woods Despite___________________________________________________________________________________ 10. Although Sue is a good student, she didn’t receive a scholarship In spite____________________________________________________________________________________ IV. Rewrite the following sentences as directed 1. It was very cold, but she wasn’t wearing a coat Although__________________________________________________________________________________ 2. They have built new plants in recent years to reform the economy New plants_________________________________________________________________________________ 3. What was the government’s solution to the economic problem? What did __________________________________________________________________________________ 4. With the Doi Moi policy, the economy has been restructured? With the Doi Moi policy, the government________________________________________________________ 5. It is believed that Mr. Lam’s business has been very successful since 1992 Mr Lam’s business is believed_________________________________________________________________ 6. Shall I post the letter for you? Would you_________________________________________________________________________________ 7. Paul didn’t accept the job at the computer company because the salary was too low If it______________________________________________________________________________________ 8. Tom is working on two jobs right now, so he doesn’t have time to help you Were Tom_________________________________________________________________________________ 9. The man’s wife had been admitted to the hospital. I spoke to him I spoke ___________________________________________________________________________________ 10. J.K Rowling’s book was published last month. It soon became a best- seller J.K Rowling’s book, ________________________________________________________________________ 11. Because they are poor, they can’t send their children to school Because of_________________________________________________________________________________ 12. Because of the heat, many people fainted at during the match Because___________________________________________________________________________________ 2 MULTIPLE CHOICE TEST I/ Choose the word whose underlined part is pronounced differently from that of the others. 1. A. economy B. industry C. qualify D. priority 2. A. right B. private C. communist D. minority 3. A. measure B. subject C. domestic D. hospital II/ Choose the word that has the stress pattern different from that of the others. 4. A. economic B. experience C. entertainment D. introduction 5. A. achievement B. communist C. constantly D. government III/ Choose the underlined word or phrase (A, B, C, or D) that needs correcting. 6. Despite (A)he tried hard (B), the result couldn’t (C) be better.(D) 7. Lousia May Alcott, she (A) is best known for her books for (B) children, served as (C) a nurse during (D) the Civil War. 8. Although he has (A) a (B)very important job, but (C) he is not well paid.(D) 9. The aim of Doi Moi was to restructure (A) the economy of Vietnam and to rise (B) the living standards (C) of (D) the people. IV/ Choose the best answer for each of the following sentences . 10. Economic reforms are often carried ______ to promote the developing of a country. A. out B. on C. for D. in 11. There was a shortage ______ food and safe water after the flood. A. on B. with C. for D. of 12. Come and see me when you ________ your report. A. finish B. will finish C. had finished D. having finished 13. I’d have told you if I _________ the book. A. had seen B. should have been C. saw D. would have seen 14. Last week I _______ my scarf, and now I ______ my gloves. A. lost / just lost B. lost/ have just lost C. had lost/ just lost D. lost/ am just losing 15. Emily ______ off the bus, and _______ into the bank. A. got/ walked B. was getting / was walking C. got / was walking D. was getting / walked 16. David ______ he ________ her somewhere before. A. knew / had seen B. had known / had seen C. had known / saw D. knew / saw 17. These plants need ________everyday. A. water B. to be watered C. watered D. to water 18. The Land Law and the Enterprises Law have ______ both domestic and foreign private investment. A. encouraged B. encourage C. encouraging D. to encourage 19. Economic reforms began in the Soviet Union in June 1985 by the Soviet leader Mikhail Gorbachev to _____ the Soviet economy. A. repair B. reproduce C. restructure D. reply 20. After more than a decade of Doi Moi or economic ______, the Vietnamese Communist government has achieved diplomatic and economic links with numerous foreign partners. A. relation B. investment C. productivity D. renovation 21. For more than 20 years, the Vietnamese government has pursued the open door ______ and continued to woo foreign investment. A. policy B. way C. export D. guideline 22. After a decade of economic liberalization, Vietnam has seen a dramatic rise in living ______ in urban areas. A. surface B. standards C. levels D. backgrounds 23. These new economic reforms have allowed for international ______ and development in the country. A. pay B. renovation C. investment D. opportunity 24. Julie failed the exam ______________ of working very hard. A. despite B. because C. even if D. in spite 25. You’d better put your money in a bank ______. A. or it may be stolen B. despite it is useful C. in case you are stolen D. although you don’t use it 26. Before the implementation of the Doi Moi policy, people in that region had to suffer severe _______. A. employ B. unemployment C. employment D. employee 27. Since 1990, India has had high growth rates, and has emerged as one of the wealthiest ___ in the developing world. 3 A. economics B. economies C. economists D. economically 28. Those specialists are trying to find ways of making more ______ use of agricultural land. A. produce B. production C. productive D. productivity 29. Although he was very tired, he agreed to play tennis. A. Despite of his tiredness, he was eager to play tennis. B. Tired as he was, he agreed to play tennis. C. Even if feeling tired, he agreed to play tennis. D. He was tired because he agreed to play tennis. 30. I haven’t got money, so I’m not going on holiday. A. Having no money made me go on holiday B. Not having money on my holiday got me down. C. If I have money, I’ll go on holiday. D. If I had money, I would go on holiday 31 Despite the fact that it was snowing, I felt warm. A. In spite of snowing, I felt warm B. In spite of feeling warm, it was snowing C. Although it was snowing, I felt warm D. Although I felt warm, it was snowing 32. Much as I admire her achievements, I don’t really like her. A. I don’t really like her because I don’t admire her achievement. B. Whatever her achievements, I admire her. C. I don’t really like her, even though I admire her achievement. D. I like her achievements, so I admire her. 33. “ I’m not sure what to do this evening. Any ideas?” – “ … ” A. Why don’t we go to the cinema? B. You will go to the cinema, perhaps? C. Do you go to the cinema, perhaps? D. Why shouldn’t we go to the cinema? 34. “ Would you like to go swimming?” – “ … ” A. No, I don’t B. No, of course not C. I’d love to, but I’m busy D. Thanks, I can manage 35. “ A new Japanese restaurant just opened downtown. Let’s eat there tonight.” – “ … ” A. No, we shan’t B. Great idea! I’d like some sushi C. Yes, it did D. Yes, I will V/ READING COMPREHENSION A/ Choose the word or phrase that best fits each blank in the following passage. There are two main factors that make it (36).__________ to overcome poverty in the countryside. First, there is a tendency to inherit one’s occupation. If a person’s parents work in agriculture, he will have chances to work in agriculture, and the income levels of many (37)_______ and farm workers are very low. Another main problem is that families in the countryside are usually (38) _______ . Before machines and modern technology are applied to farm work, the farm family (39) _______ need children as workers. But now (40) ________ conditions have changed they still remain large families including several generations. The older members are too old to work hard and the young men go to the cities to look up jobs. Those who are left behind have an ever greater burden to bear. 36. A. difficult B. difficulty C. difficultly D. difficulties 37. A. farm B. farming C. farmer D. farmers 38. A. great B. large C. vast D. endless 39 A. is used to B. was used to C. used to D. All are correct 40. A. economic B. economical C. economically D. economize B/ Read the passage below and choose the best answer to each question . In ancient times wealth was measured and exchanged tangibly, in things that could be touched: food, tools, and precious metals and stones. Then barter system was replaced by coins, which still had real value since they were pieces of rare metal. Coins were followed by flat money, paper notes that have value only because everyone agrees to accept them. Today electronic monetary systems are gradually being introduced that will transform money into even less tangible forms reducing it to arrays or “bits and bites “or units of computerized information, whizzing between machines at the speed of light. Already, electronic fund transfer allows money to be instantly sent and received by different banks, companies, and countries through computers and telecommunications devices 41. Which of the following would be the most appropriate title for the passage? A. International Banking Policies B. Current problems in the Economy C. The Development of Paper Currencies D. The History of Monetary Exchange 42. According to the passage, which of the following was the earliest kind of exchange of wealth? A. Flat money B. Coin currency C. Bartered goods D. intangible forms 43. The author mentions food, tools and precious metals and stones together because they are all ________ . A. useful items B. material objects C. articles stored in museums D. difficult things to obtain 44. According to the passage, coins once had real value as currency because they _______ . A. were made of precious metals B. permitted easy transportation of wealth C. could become collector’s items D. represented a great improvement over barter 45 Which of the following statements about computerized monetary system is NOT supported by the passage? A. They promote international trade. B. They allow very rapid money transfers. C. They are dependent on good telecommunications systems. D. They are still limited to small transaction. 4 KEY- UNIT 7- ECONOMIC REFORMS- 12CB I. Verb tense / verb form 1. Let’s go for a walk as soon as it stops (rain) ___RAINING_________. 2. Last night, when I (come) __CAME____ there, they (already, go) _HAD ALREADY GONE ___ to the party. 3. Do you remember (read) __READING _____ about it? No, at that time I was too young (read) ___TO READ_____ newspapers. 4. She is not accustomed to (take) __BEING TAKEN_________ care of by others. 5. They (finish) ___WILL HAVE FINISHED_____ the project by the end of next year. 6. By the end of next year, I (work) __WILL HAVE WORKED____ for him for 25 years. 7. The film we saw (be) __WAS____ sad. It (make) __MADE____ me (cry) ___ CRY___ 8. No one (enjoy) ___ENJOYS_____ (deceive) ___BEING DECEIVED______ by others. 9. When I (arrive) ___ARIRIVED___ at his house this morning, he (still, sleep) _WAS STILL SLEEPING_____. 10. I prefer (telephone) ___TELEPHONING_____ to (write) __WRITING_____ letters. 11. He was made (sign) __TO SIGN____ a paper admitting his guilt. 12. He usually (wear) __WEARS____ sandals but when I last (see) ___SAW____ him, he (wear) __WAS WEARING______ boot. 13. He discovered how (open) __TO OPEN____ the safe. 14. She isn’t old enough (travel) __TO TRAVEL____ by herself. 15. Most people prefer (spend) __SPENDING_____ money to (earn) ____EARNING____ it. 16. I (call) ____CALLED__ Roger at nine last night, but he (not, be) ___WAS NOT___ at home. He (study) ___WAS STUDYING______ at the library. 17. I almost missed my plane. All of the other passengers (already, board) ___HAD ALREADY BOARDED ____ when I (get) ___GOT____ there. 18. Yesterday at a restaurant, I (see) __SAW___ Pam, an old friend of mine. I (not, see) _HADN’T SEEN__ her for years. At first, I (not, recognize)) __DIDN’T RECOGNIZE____ her because she (lose) ___HAD LOST_____ at least 50 pounds. 19. Hurry up! By the time we (get) __GET_____ to the cinema, the film (already, start) _WILL HAVE ALREADY STARTED_______. 20. Ms. Abbott (walk) __WAS WALKING____ home from work when she (see) ___SAW __ a child fall off the bridge. After (shout) ___SHOUTING____ for help, she (take) ___TOOK____ off her shoes and (jump) __JUMPED____ in (save) ___TO SAVE__ him. II. Fill in gap in the sentences with one word from the box 1. During the summer, business is often …… stagnant ………. 2. What …… measures …………… shall we take to solve this very puzzling mystery? 3. There is a sharp and sudden rise in prices resulting from … inflation …………………. 4. The new government made many needed ……… reforms …………………… 5. Under the price – support program, farmers are given a … subsidy ……… to encourage them to produce surpluses 6. The teacher …… initiated……… the class into the wonders of science by telling a few interesting things about the earth and stars 7. Direct mail is the fastest growing …… sector……. in the advertising industry 8. I was too sleepy to be …… aware ……………….how cold it was 9. This herd of horses was ……… domestic …………., but out on the plains they became wild 10. The chairman’s strong will …… dominated …… the committee, which did what he wanted III. Word form 1. We are able to offer customers an even greater ……… choice …………… of products. ( choose) 2. They aim to raise ……… awareness ………………… of the dangers of passive smoking (aware) 3. The organization has been criticized for … inefficiency ………… and corruption (efficiency) 4. In recent years, many countries have faced great economic … difficulties ……………… (difficult) 5. E-mail is an ……… economical……………. way of communicating with customers (economy) 6. Bananas rank among the farmers’ chief …… agricultural ………… products here ( agriculture) 7. Honest, reliable people always fulfill their ……… commitment …………first (commit) 5 8. According to him, there’s no simple …… solution …………. to this problem ( solve) 9. The strike was settled by the ……… intervention …………… of the president ( intervene) 10. …industrialized nations consume natural resources at several times the rate of agrarian countries ( industry) 11. If we don’t … economize ……. on electricity, there will be power cuts (economy) 12. There used to be a …… shortage ………. of schools, hospitals in my country ( short) 13. We believe that we will gain great …… achievements ……… and build better life for our people (achieve) 14. The new laws have …… encouraged ………… both domestic and foreign private investment (courage) 15. The National Congress of the Vietnamese Communist Party continued to reaffirm its … commitment …… to Doi Moi (commit) IV. Finish the following sentences: 1. It was cold. However, Tom and his friends still went swimming Although it was cold, Tom and his friends still went swimming 2. Mary was sad, but she smiled and pretended to be having a good time Despite being sad / the fact that she was sad, Mary smiled and pretended to be having a good time 3. Even though his grades were low, he was admitted to the college In spite of his low grades / the fact that his grades were low, he was admitted to the college 4. He has a vast fortune. Nevertheless, he is unhappy Even though he has a vast fortune, he is unhappy 5. They went jogging in the park despite the hot weather Though it / the weather was hot, they went jogging in the park 6. In spite of the hard work, they enjoyed themselves Although they worked hard, they enjoyed themselves 7. John wasn’t hungry, but he ate two dishes of ice cream anyway Despite not being hungry/ the fact that he wasn’t hungry, J ate 2 dishes of ice cream 8. In spite of not being feeling good, Jack went to class Even though J wasn’t feeling good, he went to class 9. George did not panic even though he was alone and lost in the woods Despite being alone and lost in the woods/ the fact that he was alone and lost in the woods, G didn’t panic 10. Although Sue is a good student, she didn’t receive a scholarship In spite of being a good student/ the fact that she is a good student, S didn’t receive a scholarship V. Rewrite the following sentences: 1. It was very cold, but she wasn’t wearing a coat Although it was very cold, she wasn’t wearing a coat 2. They have built new plants in recent years to reform the economy New plants have been built in recent years to reform the economy 3. What was the government’s solution to the economic problem? What did the government do to solve the economic problem 4. With the Doi Moi policy, the economy has been restructured? With the Doi Moi policy, the government have restructured to solve the economic problem 5. It is believed that Mr. Lam’s business has been very successful since 1992 Mr Lam’s business is believed to have been very successful since 1992 6. Shall I post the letter for you? Would you like me to post the letter for you 7. Paul didn’t accept the job at the computer company because the salary was too low If it hadn’t been for the low salary, P would have accepted the job at the computer company 8. Tom is working on two jobs right now, so he doesn’t have time to help you Were Tom not working on 2 jobs right now, he would have time to help you 9. The man’s wife had been admitted to the hospital. I spoke to him I spoke to the man whose wife had been admitted to the hospital 10. J.K Rowling’s book was published last month. It soon became a best- seller J.K Rowling’s book, which was published last month, soon became a best seller 11. Because they are poor, they can’t send their children to school Because of their poverty, they can’t… 12. Because of the heat, many people fainted at during the match Because it was very hot, … 6 MULTIPLE CHOICE TEST I/ Choose the word whose underlined part is pronounced differently from that of the others. 1. A. economy B. industry C. qualify D. priority 2. A. right B. private C. communist D. minority 3. A. measure B. subject C. domestic D. hospital II/ Choose the word that has the stress pattern different from that of the others. 4. A. economic B. experience C. entertainment D. introduction 5. A. achievement B. communist C. constantly D. government III/ Choose the underlined word or phrase (A, B, C, or D) that needs correcting. 6. Despite he tried hard, the result couldn’t be better. A B C D 7. Lousia May Alcott, she is best known for her books for children, served as a nurse during the Civil War. A B C D 8. Although he has a very important job, but he is not well paid. A B C D 9. The aim of Doi Moi was to restructure the economy of Vietnam and to rise the living standards of the people. A B C D IV/ Choose the best answer for each of the following sentences . 10. Economic reforms are often carried ______ to promote the developing of a country. A. out B. on C. for D. in 11. There was a shortage ______ food and safe water after the flood. A. on B. with C. for D. of 12. Come and see me when you ________ your report. A. finish B. will finish C. had finished D. having finished 13. I’d have told you if I _________ the book. A. had seen B. should have been C. saw D. would have seen 14. Last week I _______ my scarf, and now I ______ my gloves. A. lost / just lost B. lost/ have just lost C. had lost/ just lost D. lost/ am just losing 15. Emily ______ off the bus, and _______ into the bank. A. got/ walked B. was getting / was walking C. got / was walking D. was getting / walked 16. David ______ he ________ her somewhere before. A. knew / had seen B. had known / had seen C. had known / saw D. knew / saw 17. These plants need ________everyday. A. water B. to be watered C. watered D. to water 18. The Land Law and the Enterprises Law have ______ both domestic and foreign private investment. A. encouraged B. encourage C. encouraging D. to encourage 19. Economic reforms began in the Soviet Union in June 1985 by the Soviet leader Mikhail Gorbachev to _____ the Soviet economy. A. repair B. reproduce C. restructure D. reply 20. After more than a decade of Doi Moi or economic ______, the Vietnamese Communist government has achieved diplomatic and economic links with numerous foreign partners. A. relation B. investment C. productivity D. renovation 21. For more than 20 years, the Vietnamese government has pursued the open door ______ and continued to woo foreign investment. A. policy B. way C. export D. guideline 22. After a decade of economic liberalization, Vietnam has seen a dramatic rise in living ______ in urban areas. A. surface B. standards C. levels D. backgrounds 23. These new economic reforms have allowed for international ______ and development in the country. A. pay B. renovation C. investment D. opportunity 24. Julie failed the exam ______________ of working very hard. A. despite B. because C. even if D. in spite 25. You’d better put your money in a bank ______. A. or it may be stolen B. despite it is useful C. in case you are stolen D. although you don’t use it 7 26. Before the implementation of the Doi Moi policy, people in that region had to suffer severe _______. A. employ B. unemployment C. employment D. employee 27. Since 1990, India has had high growth rates, and has emerged as one of the wealthiest ______ in the developing world. A. economics B. economies C. economists D. economically 28. Those specialists are trying to find ways of making more ______ use of agricultural land. A. produce B. production C. productive D. productivity 29. Although he was very tired, he agreed to play tennis. A. Despite of his tiredness, he was eager to play tennis. B. Tired as he was, he agreed to play tennis. C. Even if feeling tired, he agreed to play tennis. D. He was tired because he agreed to play tennis. 30. I haven’t got money, so I’m not going on holiday. A. Having no money made me go on holiday B. Not having money on my holiday got me down. C. If I have money, I’ll go on holiday. D. If I had money, I would go on holiday 31 Despite the fact that it was snowing, I felt warm. A. In spite of snowing, I felt warm B. In spite of feeling warm, it was snowing C. Although it was snowing, I felt warm D. Although I felt warm, it was snowing 32. Much as I admire her achievements, I don’t really like her. A. I don’t really like her because I don’t admire her achievement. B. Whatever her achievements, I admire her. C. I don’t really like her, even though I admire her achievement. D. I like her achievements, so I admire her. 33. “ I’m not sure what to do this evening. Any ideas?” – “ … ” A. Why don’t we go to the cinema? B. You will go to the cinema, perhaps? C. Do you go to the cinema, perhaps? D. Why shouldn’t we go to the cinema? 34. “ Would you like to go swimming?” – “ … ” A. No, I don’t B. No, of course not C. I’d love to, but I’m busy D. Thanks, I can manage 35. “ A new Japanese restaurant just opened downtown. Let’s eat there tonight.” – “ … ” A. No, we shan’t B. Great idea! I’d like some sushi C. Yes, it did D. Yes, I will V/ READING COMPREHENSION A/ Choose the word or phrase that best fits each blank in the following passage. There are two main factors that make it (33).__________ to overcome poverty in the countryside. First, there is a tendency to inherit one’s occupation. If a person’s parents work in agriculture, he will have chances to work in agriculture, and the income levels of many (34)_______ and farm workers are very low. Another main problem is that families in the countryside are usually (35) _______ . Before machines and modern technology are applied to farm work, the farm family (36) _______ need children as workers. But now (37) ________ conditions have changed they still remain large families including several generations. The older members are too old to work hard and the young men go to the cities to look up jobs. Those who are left behind have an ever greater burden to bear. 33. A. difficult B. difficulty C. difficultly D. difficulties 34. A. farm B. farming C. farmer D. farmers 35. A. great B. large C. vast D. endless 36. A. is used to B. was used to C. used to D. All are correct 37. A. economic B. economical C. economically D. economize B/ Read the passage below and choose the best answer to each question . In ancient times wealth was measured and exchanged tangibly, in things that could be touched: food, tools, and precious metals and stones. Then barter system was replaced by coins, which still had real value since they were pieces of rare metal. Coins were followed by flat money, paper notes that have value only because everyone agrees to accept them. Today electronic monetary systems are gradually being introduced that will transform money into even less tangible forms reducing it to arrays or “bits and bites “ or units of computerized information, whizzing between machines at the speed of light. Already, electronic fund transfer allows money to be instantly sent and received by different banks, companies, and countries through computers and telecommunications devices 38. Which of the following would be the most appropriate title for the passage ? A. International Banking Policies B. Current problems in the Economy C. The Development of Paper Currencies D. The History of Monetary Exchange 39. According to the passage, which of the following was the earliest kind of exchange of wealth ? A. Flat money B. Coin currency C. Bartered goods D. intangible forms 40. The author mentions food, tools and precious metals and stones together because they are all ________ . A. useful items B. material objects C. articles stored in museums D. difficult things to obtain 41. According to the passage, coins once had real value as currency because they _______ . A. were made of precious metals B. permitted easy transportation of wealth C. could become collector’s items D. represented a great improvement over barter 42 Which of the following statements about computerized monetary system is NOT supported by the passage? A. They promote international trade. B. They allow very rapid money transfers. C. They are dependent on good telecommunications systems. D. They are still limited to small transaction. 8 9 . systems. D. They are still limited to small transaction. 4 KEY- UNIT 7- ECONOMIC REFORMS- 1 2CB I. Verb tense / verb form 1. Let’s go for a walk as soon. UNIT 7: ECONOMIC REFORMS- 12 CB I. Verb tense / verb form 1. Let’s go for a walk as soon as