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It is (was) ... that (which)

1. It was in this country that a large scale production of synthetic rubber was first organized.

2. It is countries with relatively high wage rates which make the most use of labour-saving machinery.

3. It is the act of spending which influences the prices.

4. It is for this reason that the balance of payments fig­ures are subject to revision in the months following their original publication.

5. It is because the fixed exchange rate puts the official reserves at risk that most governments favour some more flexible system.

The. ..the...

1. The bigger the firm, the greater the opportunity for each worker to specialize in those tasks for which he is best fitted.

2. The greater the degree of complementary, the higher the (negative) value of the cross-elasticity of demand.

3. The greater the output in previous periods, the greater the firm's experience, and hence the greater the fall in cost.

4. In principle the smaller the number of suppliers, the more control they can exercise over prices.

5. The larger the share of output bought by a few firms, the less control will suppliers have over prices.

6. The lower the price, the less likely it is that new firms will attempt to enter the market.

7. The larger the establishment, the greater the oppor­tunities for the specialisation of men and machines.

8. The more independent firms there are in an industry, the greater the competition.

9. The greater the risk associated with any financial decision, the greater the return expected from it.

10. The longer the period for which the money is bor­rowed, the greater the risk of default by the borrower.

11. The higher the bid price, the lower the rate of inter­est which the government has to pay for its borrowed funds.

One

1. In a small country like the UK where there are strong trade unions, one would not expect to find any very great differences in regional wage rates.

2. One cannot draw any conclusions about the effect of a price change unless one knows the cause of the price change.

3. One can see that a fall in price may be associated with an increase or decrease in quantity demanded — it all depends upon what caused the price change.

4. Normally, this period will be a very short one.

5. An increase in the demand for wool by one industry will raise the price and affect the prices of all the other com­modities made from wool.

6. Lead and zinc are found in the same ore so that the extraction of one leads to the extraction of the other.

7. One very important example of this relationship is to be found in the transport industry.

8. Where commodities are in joint supply an increase in the demand for one of them will cause a fall in the price of the other.

9. In a perfect market, there will be one and only one market price which is beyond the control of any one buyer or any one seller.

10. At one time most of world's nickel was obtained from a certain area in the Rockies.

11. One often hears complaints from workers in differ­ent industries that they 'have lost out in recent wage settle­ments'.

12. As one would expect, total output is much greater when the countries specialise.

13. According to many employers older workers are more reliable and loyal than younger ones.

As well as

1. These schemes provide subsidies, grants and other assistance to employers as well as employees.

2. We expects healthy medium — term as well as short — term results.

 3. We call this value of total output produced by the public sector as well as those produced by the private sector, our gross national product.

4. The total national product includes services as well as goods.

5. The motives for nationalisation are political as well as economic.

Since

1. Since the total cost of these inputs is fixed, the average cost, the cost per unit produced, falls as output increases.

2. She has been here since Monday.

3. Since considerable trouble and expense may be involved in changing prices, firms prefer to set and maintain a price for a given period.

4. Profitability is normally the primary objective of pri­vate sector producers, since unless the firm earns adequate profits it will not survive.

5. Since the prices of shares and government securities change from day to day, a seller might receive more or less than he or she paid for them.

6. Since the First World War several of these basic industries have experienced a serious decline in their home and overseas markets.

7. Since the 1960s there has been an increasing tenden­cy for population to move from densely populated city cen­tres to the outer suburbs and the country.

8. The years since the Second World War have seen a very substantial reduction in the barriers to trade.

9. Since it came into being, the EEC has made substan­tial progress.

10.1 have been waiting for you since 2 o'clock.

But

1. There is nobody in the office but the secretary.

2. K. Marx saw the setting of capitalism as anything but permanent.

3. But for the atmosphere no life would be possible on the Earth.

4. The nucleus of hydrogen contains but one proton.

5. f saw her but a moment.

6. I cannot but agree with you.

7. We wouldn't have done this work but for him.

8. He is anything but a fool.

 Both, Either, Neither

1. Both of these managers are good.

2. Neither of the restaurants we went to was expensive.

3. Both my parents are from Glasgow.

4. I haven't been to either of those shops.

5. Neither Tom nor Ann came to the party.

6. I'm not sure where he's from. He's either Italian or Spanish.

7. Can either of you speak French?

8. Both of us were very tired.

9. Either he goes or I go.

10. Neither of these possibilities is very realistic.

11. Both of the candidates certainly have impressive track records.

12. We'll have either to withdraw from the market total­ly or to concentrate our efforts on a small sector.

13. Neither of your proposals is of interest to us. 13. We have implemented both your suggestions.

15. We interviewed both of the candidates on Monday.

16. Thanks for the call. Either time suits me fine.

17. I'm afraid that neither of the times suits me.

18. We can accept either alternative.

19. We haven't sold a single product in the Far East. — No, we haven't either.

20. Neither of the candidates is really acceptable.

21. Unfortunately, neither the sales forecast nor last year's sales figures are ready yet.

22. Neither have I received any information, nor have I revealed any.

23. You should be either at your desk or on the shopfloor.

24. Both firms have the same scale of organisation.

25. The numerical predominance of small plants might, at first sight, indicate that economies of scale are either not important or are not being exploited.

26. Changes in price are due to either changes in demand or changes in supply.

Both... and

1. Average cost is affected both by the prices of inputs and by their productivity.

2. In order to finance long-term projects, both limited companies and the government need to borrow money for long periods of time.

3. Some of the firms have registered as market-dealers;

that is, they undertake to both buy and sell shares continu­ously.

4. The typical economic system in the non-communist world is the mixed economy, so called because it contains elements of both private and public enterprise.

5. Financial support for innovation is available for all firms, both large and small.

6. In the UK, in recent years, there has been a very marked increase in both the size, and influence of the so-called 'white collar' unions.

7. Both the demand and the supply of many primary products are price-inelastic.

8. To a certain extent both the total and pattern of pub­lic expenditures will depend upon the political philosophy of the government.

9. Both the marketing plan and the marketing manager will certainly improve our position.

10. We intend both to replace the board and design a new aggressive policy.

 


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