Quiz for Lesson 1: The Basics of Economic Translation(English/Arabic and Arabic/English), activities with answers

Quiz for Lesson 1: The Basics of Economic Translation(English/Arabic and Arabic/English)

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1)    What is the focus of Lesson 1?

·         A. Types of translation

·         B. Economic translation

·         C. Practical tools for translation

·         D. Constraints in translation

Answer: B. Economic translation

2)    According to Zaykova (2017), how does she define economic translation?

·         A. Translation of official business style documents only

·         B. Translation of scientific style documents only

·         C. Translation of texts in official business style, newspaper style, and scientific style

·         D. Translation of newspaper articles only

Answer: C. Translation of texts in official business style, newspaper style, and scientific style

3)    Why is economic translation considered distinct from other types of translation?

·         A. Due to its focus on only business activities

·         B. Due to its distinct characteristics covering various areas of activity such as business, economy, trade, and commerce

·         C. Because it deals with micro-level activities only

·         D. Because it excludes financial translation

Answer: B. Due to its distinct characteristics covering various areas of activity such as business, economy, trade, and commerce

4)    What is the importance of economic translation, according to Lahlali and Hatab (2014)?

·         A. It is essential for literary purposes

·         B. It is crucial for marketing and commerce, banking, investment, insurance, accounting, auditing, and marketing research

·         C. It is only important for financial reports

·         D. It is required for scientific research

Answer: B. It is crucial for marketing and commerce, banking, investment, insurance, accounting, auditing, and marketing research

5)    Translate the following economic Arabic phrases into English.

·         Arabic: العرض والطلب

·         English: Supply and Demand

·         Arabic: سوق الأسهم

·         English: Stock Market

·         Arabic: التجارة الدولية

·         English: International Trade

Note: Answers may vary slightly.

6)    What is the primary focus when translating economics terms, according to REMEMBER 2?

·         A. Word equivalence

·         B. Capturing the essence and understanding the context

·         C. Use of glossaries only

·         D. Ignoring nuances in meaning

Answer: B. Capturing the essence and understanding the context

7)    Translate the following short texts about economy into Arabic.

·         Text 1: Economic Growth

·         English: نمو اقتصادي

·         Text 2: International Trade

·         English: التجارة الدولية

Note: Answers may vary slightly.

8)    Match the economic terms with their definitions.

·         Dumping: Occurs when imported goods are domestically sold at a lower market price, leading to unfair competition.

·         Answer: Unfair Competition

·         Asset: A resource that possesses an economic value and is expected to offer particular benefits in the future.

·         Answer: Resource with Economic Value

·         Economic Diversification: The country’s ability to depend on various sources of income.

·         Answer: Dependence on Various Income Sources

·         Foreign Trade: Refers to the exchange of goods, services, and capital with other countries.

·         Answer: Exchange with Other Countries

·         Free Trade: The capacity to engage in economic transactions with other countries without any restrictions in exports or imports.

·         Answer: Unrestricted Economic Transactions

·         Gross Domestic Product: A measurement of a country’s economic activity indicating the monetary value of all final goods and services produced within a country in a particular period.

·         Answer: Measurement of Economic Activity

·         Gross National Product: The total value of all goods and services produced by the residents of a particular country irrespective of the geographical location of the production.

·         Answer: Total Value Produced by Residents

·         Inflation: The decrease in the value or purchasing power of a country’s currency.

·         Answer: Decrease in Currency Value

·         Monetary Policy: Refers to the actions implemented by the central bank of a particular country to control the supply of money and attain sustainability in its economic growth.

·         Answer: Central Bank Actions for Money Supply

·         Start-ups: Companies that are just in the early stages of their business.

·         Answer: Early Stage Companies

·         Sustainable Economic Growth: The growth of the economy that can be sustained in the long term without causing other major economic problems.

·         Answer: Long-Term Sustainable Growth

Note: Answers may vary slightly.

Activity: Fill in the Blanks

Fill in the blanks with the appropriate terms from the economic terminology provided.

1. Dumping: Occurs when imported goods are domestically sold at a lower market price, leading to ______________ competition.
2. Asset: A resource that possesses an economic value and is expected to offer particular benefits in the future. Assets are either owned by individuals, companies, or governments and can be created or purchased to boost the company’s value or to benefit its operations. For example, real estate is considered a valuable ______________.
3. Economic Diversification: The country’s ability to depend on various sources of income. For instance, the country’s ability to diversify its exports and investments, without depending solely on oil as a source. This is crucial for achieving ______________ economic growth.
4. Foreign Trade: Refers to the exchange of goods, services, and capital with ______________ countries.
5. Free Trade: The capacity to engage in economic transactions with other countries without any ______________ in exports or imports.
6. Gross Domestic Product: A measurement of a country’s economic activity which indicates the monetary value of all the final goods and services produced within a country in a particular period of time, usually one year. It is a key indicator of a nation's ______________.
7. Gross National Product: The total value of all goods and services produced by the residents of a particular country irrespective of the geographical location of the production. GNP takes into account the ______________ produced by the country’s residents.
8. Inflation: The decrease in the value or purchasing power of a country’s currency, leading to a general ______________ in prices.
9. Monetary Policy: Refers to the actions implemented by the central bank of a particular country to control the ______________ of money and attain sustainability in its economic growth.
10. Start-ups: Companies that are just in the early stages of their business. Start-ups typically focus on a new product or service that is estimated to have a large ______________ demand.
11. Sustainable Economic Growth: The growth of the economy that can be sustained in the long term without causing other major economic problems, especially in the next generations to come. Achieving ______________ growth requires careful planning and consideration of environmental, social, and economic factors.

Note: Use the provided economic terms to fill in the blanks. Some terms may be used more than once, and others may not be used at all. The terms are: Unfair Competition, Resource with Economic Value, Dependence on Various Income Sources, Exchange with Other Countries, Unrestricted Economic Transactions, Measurement of Economic Activity, Total Value Produced by Residents, Decrease in Currency Value, Central Bank Actions for Money Supply, Early Stage Companies, Long-Term Sustainable Growth.

1. **Dumping: Occurs when imported goods are domestically sold at a lower market price, leading to Unfair Competition competition.
2. Asset: A resource that possesses an economic value and is expected to offer particular benefits in the future. Assets are either owned by individuals, companies, or governments and can be created or purchased to boost the company’s value or to benefit its operations. For example, real estate is considered a valuable Resource with Economic Value.
3. Economic Diversification: The country’s ability to depend on various sources of income. For instance, the country’s ability to diversify its exports and investments, without depending solely on oil as a source. This is crucial for achieving Long-Term Sustainable Growth economic growth.
4. Foreign Trade: Refers to the exchange of goods, services, and capital with Other countries.
5. Free Trade: The capacity to engage in economic transactions with other countries without any Restrictions in exports or imports.
6. Gross Domestic Product: A measurement of a country’s economic activity which indicates the monetary value of all the final goods and services produced within a country in a particular period of time, usually one year. It is a key indicator of a nation's Measurement of Economic Activity.
7. Gross National Product: The total value of all goods and services produced by the residents of a particular country irrespective of the geographical location of the production. GNP takes into account the Total Value Produced by Residents.
8. Inflation: The decrease in the value or purchasing power of a country’s currency, leading to a general Decrease in Currency Value in prices.
9. Monetary Policy: Refers to the actions implemented by the central bank of a particular country to control the Supply of Money and attain sustainability in its economic growth.
10. Start-ups: Companies that are just in the early stages of their business. Start-ups typically focus on a new product or service that is estimated to have a large Market demand.
11. Sustainable Economic Growth: The growth of the economy that can be sustained in the long term without causing other major economic problems, especially in the next generations to come. Achieving Sustainable growth requires careful planning and consideration of environmental, social, and economic factors.

Activity: Match the Sentence with the Correct Term

Match each sentence with the appropriate economic term from the list below.

Economic Terms:

1. Globalisation
2. Feasibility Reports
3. Troubled Banks
4. Commercial Translation
5. Financial Market
6. Legitimacy
7. Economic Translation
8. Financial Services
9. Business Plans
10. Pre-tax Earnings

Sentences:

1. ___________ refers to the exchange of goods and services between countries.
2. Companies that are just in the early stages of their business typically focus on ___________.
3. The total value of all goods and services produced by the residents of a particular country irrespective of the geographical location of the production is known as ___________.
4. ___________ is the translation of documents relating to the economy and includes commercial translation.
5. ___________ is crucial for marketing and commerce, banking and the investment sector, the insurance industry, accounting and auditing, as well as marketing research.
6. ___________ occurs when imported goods are domestically sold at a lower market price, leading to unfair competition.
7. ___________ is one of the most difficult types of translation work, involving cooperation with international companies and establishing partnerships.
8. The growth of the economy that can be sustained in the long term without causing other major economic problems is known as ___________.
9. ___________ includes not only commercial translation but also financial translation.
10. ___________ is the measurement of a country’s economic activity, indicating the monetary value of all the final goods and services produced within a country in a particular period.

Matching: A. International Trade B. Start-ups C. Gross National Product D. Economic Translation E. Importance of Economic Translation F. Dumping G. Economic Growth H. Sustainable Economic Growth I. Business Translation J. Gross Domestic Product

Note: Each term may be used only once, and some terms may not be used at all.

Activity: True or False - Economic Concepts

1. Globalisation has led to a decrease in cross-border financial and commercial transactions. (True/False)
2. Economic translation is only concerned with oral communication and does not involve written documents. (True/False)
3. Dumping occurs when domestically produced goods are sold in foreign markets at a higher price than the domestic market. (True/False)
4. Gross Domestic Product (GDP) measures the total value of all goods and services produced within a country's borders over a specified time period. (True/False)
5. Monetary policy refers to the actions implemented by the central bank to control the supply of money and ensure sustainable economic growth. (True/False)
6. Economic diversification is the country's ability to rely solely on one source of income. (True/False)
7. Financial market encompasses only the stock exchange and does not include other financial instruments. (True/False)
8. Inflation refers to the increase in the value or purchasing power of a country's currency. (True/False)
9. Dumping, in economic terms, is a practice commonly associated with fair competition. (True/False)
10. Economic translation is interchangeable with literary translation. (True/False)

Answers:

1. False
2. False
3. False
4. True
5. True
6. False
7. False
8. False
9. False
10. False

Activity: Match the Definitions with the Correct Economic Term

Match each definition with the appropriate economic term from the list below.

Economic Terms:

1. Commercial Translation
2. Inflation
3. Financial Market
4. Dumping
5. Gross Domestic Product (GDP)
6. Economic Diversification
7. Monetary Policy
8. Globalisation
9. Economic Translation
10. Sustainable Economic Growth

Definitions: A. The practice of selling goods in a foreign market at a lower price than in the domestic market, leading to unfair competition. B. The total value of all goods and services produced within a country's borders over a specified time period. C. The ability of a country to depend on various sources of income, reducing reliance on a single source. D. The translation of documents related to the economy, including commercial and financial documents. E. A policy implemented by the central bank to control the supply of money and achieve sustainable economic growth. F. The gradual increase in the general level of prices, leading to a decrease in the purchasing power of a currency. G. The process of rendering texts in official business style, newspaper style, and scientific style. H. The exchange of goods, services, and capital between countries, leading to increased interdependence. I. The translation of documents specifically related to business and commerce. J. The growth of the economy that can be maintained in the long term without causing major economic problems.

Matching:

1. ___________: The practice of selling goods in a foreign market at a lower price than in the domestic market, leading to unfair competition.
2. ___________: The total value of all goods and services produced within a country's borders over a specified time period.
3. ___________: The ability of a country to depend on various sources of income, reducing reliance on a single source.
4. ___________: The translation of documents related to the economy, including commercial and financial documents.
5. ___________: A policy implemented by the central bank to control the supply of money and achieve sustainable economic growth.
6. ___________: The gradual increase in the general level of prices, leading to a decrease in the purchasing power of a currency.
7. ___________: The process of rendering texts in official business style, newspaper style, and scientific style.
8. ___________: The exchange of goods, services, and capital between countries, leading to increased interdependence.
9. ___________: The translation of documents specifically related to business and commerce.
10. ___________: The growth of the economy that can be maintained in the long term without causing major economic problems.

Note: Each term may be used only once, and some terms may not be used at all.

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