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6. Mike says this is a difficult question to answer. _____
7. Factory workers in the US worry that their jobs will be moved to China.
_____
8. Economic development in China is an opportunity foe US manufactur-
ers. _____
8 Listen again and fill in the missing words.
Presenter: Good afternoon and welcome to ‘Our changing world’. This week
we’re discussing the American economy. Just how long will it continue to be
the world’s number one economy? In the studio with me is the global econ-
omist Mike Bevan. Hello Mike, and thanks for being with us.
Mike: It’s a pleasure to be here.
Presenter: Now, to our first caller, Mustafa from Dhaka in Bangladesh. Mus-
tafa over to you ....
Mustafa: My question is about car production in the U.S. How is it that U.S.
car manufacturers such as General Motors and Ford are losing so much mon-
ey?
Mike: Yes, you’re right, Mustafa. They are losing lots of money at the mo-
ment. There are several reasons for this. The high ___________________–
this means that the U.S. car buyer is now looking for a smaller car that
uses__________________. U.S. manufacturers aren’t good at producing this
type of car. Another issue is that companies like Ford and general Motors
have enormous ‘legacy costs’, these are _________________ that companies
are obliged to make to healthcare schemes and pension funds. A Japanese car
manufacturer can set up a factory in the U.S. with non of these costs and can
produce ___________________ that American consumers are looking for
very profitably ..
Presenter: Does that answer your question, Mustafa?
Mustafa: Yes, thanks – can I ask Mike about the impact of the Internet on
American business?
Presenter: Go ahead…
Mustafa: Mike, the US has a very big trade deficit with China – is this a
problem for the US economy?
Mike: You’re right Mustafa, China sells a lot more goods to the US than the
US________________________. Is this a problem? ..... There isn’t an easy
answer here. US factory workers may feel that their jobs are at risk as it’s
very cheap to _____________________ in China. They worry that their jobs
may be moved to China. But these same workers can now buy a lot more
with their dollars – the cost of clothes and electrical goods has
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