Vocabulary
World Economy
The capital of country
EARTH + Economics
Business English
100

A bodyshop.

a place where cars are repaired after accidents

100

Which country has the highest GDP in the world?

The US

100

What is the capital of the United Arab Emirates

Abu Dhabi

100

Which country has the largest oil reserves in the world

Venezuela

100

What is a cover letter

A formal letter sent to apply for a job

200

Petty cash

a small amount of money is kept for minor expenses

200

Which countries depend heavily on exports?

China, Germany, and South Korea

200

What is the capital of Switzerland?

Bern

200

Which region is known as the world’s main oil-producing area?

The Middle East

200

What is revenue

This term refers to the total amount of money a company earns before expenses.

300

White-collar crime

crime involves stealing money from a company by employees

300

Which economic indicator is best for measuring a country’s living standards

The GDP per capita

300

What is the capital of Canada

Ottawa

300

Which country is the largest exporter of goods in the world

China

300

What is a memo

A short written message used inside a company to share important information.

400

nod

move your head up and down to show agreement or say “yes”.

400

Which countries have one of the highest standards of living? Name at least three

Switzerland, Norway, Denmark, and Luxembourg

400

What is the capital of Australia

Canberra

400

Which continent has the largest number of developing countries

Africa

400

What is an acquisition

This term means when a company buys another company completely

500

do your homework

prepare well before doing something by learning as much as possible

500

Which global institution manages financial stability and exchange rates

International Monetary Fund (IMF)

500

What is the capital of Morocco

Rabat

500

Which strait is one of the most important chokepoints for global oil trade

Strait of Hormuz

500

What are assets

These are resources owned by a business that have economic value