• Sat
  • Jul 26, 2014
  • Updated: 1:53pm

liberal studies

PUBLISHED : Tuesday, 24 May, 2011, 12:00am
UPDATED : Tuesday, 24 May, 2011, 12:00am

Reading comprehension

Answer the following questions:

1 Which of the following do Glencore not deal in, according to the article?

a. wheat

b. zinc

c. coal

d. wood

2 According to the article, what are the other reasons for food price increases beside Glencore's speculative activities?

a. growing global population and the rise of the middle class in India and on the mainland

b. people are not willing to grow food

c. the food is contaminated by radiation

d. the food is organic and specialist

3 Which of the following is not true about Glencore's founder Marc Rich?

a. Rich founded the company in 1974 under the name Marc Rich & Co.

b. Rich was charged by the United States for making an illegal oil deal with Iran.

c. Rich was charged with tax evasion.

d. Rich was charged with selling wheat to Russia.

4 Professor Goyal thinks it will be harder for Glencore to make money off hunger after going public because ...

a. it will subjected to regulation by the Hong Kong and British governments.

b. it will be subjected to tighter regulations and need to be more transparent with its operation.

c. it will lose control of the commodity market.

d. it will not be able to trade food.

Think about

1 Do you think Glencore should be blamed for the increasing food prices? What other factors affect food prices?

2 If Glencore is making money off hunger, what do you suggest regulators do to prevent it?

3 Do you think life-saving food resources have been exploited by businessmen to make profits? What are your thoughts on finding a balance between economic development and helping people in need?

Vocabulary

1 Farmers are predicting the rice ................... will be bad this year because of the long drought.

2 The government has announced anti-..................... measures to cool home prices.

3 The company has decided to .................... the construction of a bridge after five workers died in an accident.

Answers:

Reading comprehension: 1. d, 2. a, 3. d, 4. b

Vocabulary: 1. harvest, 2. speculation, 3. halt

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