Page 27 - BP3Y 001 Listening Success BT5
P. 27
A. Listen and answer the following questions. Note taking
1. What is the main idea of this passage? Topic :
ghosts stories
the invisible hand of the marketplace
modern economics Main idea :
Adam Smith
2. For how long has the idea of the ‘invisible hand’ been 1 Major point :
st
around?
50 years
a couple hundred years
Details :
a few hundred years
500 years
3. By whom was the idea of the ‘invisible hand’ first
written?
Steve Smith 2 Major point :
nd
Adam Moore
Steve Jobs
Adam Smith
Details :
4. What does a surplus of stereos in the market mean?
an overly low supply
an overly high supply
a decrease in stereo production
3 Major point :
rd
an increase in stereo production
B. Check True or False.
Details :
1. The invisible hand refers to a government.
2. A surplus will cause the prices to increase.
3. If prices are low, more people will buy an
item.
Unit 4. The Invisible Hand of the Marketplace 27
