1. Why of the following would be the best title for the passage? 2. How many countries participated in the Wto negotiations and how long did the negotiations last? 3. What will happen to export subsidies after the negotiations? 4. Who are supposed to reduce their agricultural subsid ies? 5. What are poor countries supposed to do? Keys: 1. D 2. B 3.C 4.A 5D TV. Speaking Out MODEL 1 Shop till you drop. John: Yeah, and this is an interesting article called <shop Till You Drop 3? Susan: Still read ing about how the bubble's going to burst in the U.S. economy Susan: The rhyme between""""is cathy, but what does it mean? John:"Shop"and"drop"? You know: buy, buy, and buy, until you fall down from exhaustion Susan: Is that what the author is telling people to do-go out and spend money. John: No, he's afraid that consumer consumption is too high at 70 percent of the GDP Susan: You mean 70 percent of the gross domestic product in the United States? John: That's right. France and Japan are worried with 55 percent of the GDP Susan: What 's behind this big rush to buy things in America? John: I Apparently the search for status symbols: luxury cars, holiday homes Susan: Amazing. So many people earn enough to buy a Mercedes and two houses John: They dont; they buy on cred it. And too much debt may burst the bubble MODEL2 The Chinese are working miracles Script Susan: Hey, John John: Hey! Look at this headline! China's foreign trade should reach $I trillion this yea Susan: Are you sure the figure is correct? How can they keep up such rapid growth for so many vears running? John: A senior official of the Ministry of Commerce said so in Beijing Susan: As far as I know, China's foreign trade volume was already $851.2 billion last year, a 37. 1 percent iump over the previous vear. That volume ranked fourth in the world, following only the United States, Germany, and Japan Susan: But the chinese are working miracles. in the first half trade reached $523 billion, up 39. 1 percent over last yea f this year, foreign4 1. Why of the following would be the best title for the passage? 2. How many countries participated in the WTO negotiations and how long did the negotiations last? 3. What will happen to export subsidies after the negotiations? 4. Who are supposed to reduce their agricultural subsidies? 5. What are poor countries supposed to do? Keys: 1.D 2.B 3.C 4.A 5.D IV. Speaking Out MODEL 1 Shop till you drop. Susan: Still reading about how the bubble’s going to burst in the U.S. economy? John: Yeah, and this is an interesting article called, “Shop Till You Drop.” Susan: The rhyme between “shop” and “drop” is cathy, but what does it mean? John: “Shop” and “drop”? You know: buy, buy, and buy, until you fall down from exhaustion. Susan: Is that what the author is telling people to do—go out and spend money. John: No, he’s afraid that consumer consumption is too high at 70 percent of the GDP. Susan: You mean 70 percent of the gross domestic product in the United States? John: That’s right. France and Japan are worried with 55 percent of the GDP. Susan: What’s behind this big rush to buy things in America? John: I Apparently the search for status symbols: luxury cars, holiday homes. Susan: Amazing. So many people earn enough to buy a Mercedes and two houses. John: They don’t; they buy on credit. And too much debt may burst the bubble. MODEL2 The Chinese are working miracles. Script Susan: Hey, John! John: Hey! Look at this headline! China’s foreign trade should reach $1 trillion this year! Susan: Are you sure the figure is correct? How can they keep up such rapid growth for so many years running? John: A senior official of the Ministry of Commerce said so in Beijing Wednesday. Susan: As far as I know, China’s foreign trade volume was already $851.2 billion last year, a 37.1 percent jump over the previous year. That volume ranked fourth in the world, following only the United States, Germany, and Japan. Susan: But the Chinese are working miracles. In the first half of this year, foreign trade reached $523 billion, up 39.1 percent over last year