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Ol pessoal,
Nesta segunda aula vamos estudar os adjetivos e advrbios
em ingls e como a ESAF tem abordado a matria em prova.
No deixem de tirar as dvidas no Frum das aulas, terei o
maior prazer em respond-las. importante destacar que o Frum o
canal de comunicao entre o professor e os alunos, a oportunidade
para que voc tire suas dvidas, faa sugestes e at mesmo
reclamaes.
Bons estudos.

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AULA 02 - ADJETIVOS E ADVRBIOS

Adjetivos

Adjetivo

palavra

que

expressa

uma

qualidade

ou

caracterstica do substantivo, certo? Os adjetivos em ingls tm a


mesma funo dos adjetivos em portugus. O que muda a posio
deles na frase. No ingls, os adjetivos so usados, em sua maioria,
antes dos substantivos que eles qualificam. Essa regra tambm vlida
para quando estiverem presentes dois ou mais adjetivos.
It was a difficult test. (Foi uma prova difcil.)
O adjetivo difficult (difcil) descreve o substantivo test (prova).

Para interpretar corretamente os textos das provas de ingls da


ESAF, alm de saber que os adjetivos se posicionam antes dos
substantivos, voc ter que saber identificar e distinguir adjetivos
comparativos e superlativos. Sendo assim, passo a demonstrar como se
formam os comparativos e os superlativos em ingls.

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Comparativos e Superlativos

Adjetivos Curtos
Para formar os comparativos e superlativos dos adjetivos de uma
slaba adiciona-se -er para a forma comparativa e -est para a forma
superlativa.Veja alguns exemplos:
Adjetivos

Comparativo -ER

Superlativo -EST

cold

colder

coldest

old

older

oldest

fast

faster

fastest

small

smaller

smallest

weak

weaker

weakest

Alguns dos adjetivos mais comuns em ingls tm formas


irregulares de comparativos e superlativos.
Adjetivo

Comparativo

Superlativo

bad

worse

worst

good

better

best

further

furthest

farther

farthest

older

oldest

elder

eldest

far

old

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Adjetivos de duas ou mais slabas


Para formar os comparativos e superlativos dos adjetivos de duas
ou mais slabas (adjetivos longos) usamos o more e less para as
formas comparativas e most e least as formas superlativos. Veja
alguns exemplos:

Adjetivo

arrogant

tense

cooperative

perfect

Comparativo

Superlativo

more arrogant

most arrogant

less arrogant

least arrogant

more tense

most tense

less tense

least tense

more cooperative

most cooperative

less cooperative

least cooperative

more perfect

most perfect

less perfect

least perfect

Em resumo, o que voc precisa saber est no quadro da prxima


pgina:

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COMPARATIVO
Regra geral

adj curto + er + than

slower than (mais lento)


richer than (mais rico)

latter than (mais tarde)

more + adj longo + than

more urbanized than

less + adj longo + than

(mais urbanizado que)


less urbanized than
(menos urbanizado que)

Excees

good (bom)

better than (melhor)

bad (mal)

worse than (pior)

far (longe)

farther/further than
(mais longe)

SUPERLATIVOS
Regra geral

adj curto + est

The slowest
(o mais lento)

The richest
(o mais rico)

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most + adj longo

most valuable
(o mais valioso)

least + adj longo

least valuable
(o menos valioso)

Excees

good (bom)

best (melhor)

bad (mal)

worst (pior)

Expresses comparativas
Alm das formas comparativas estudadas, h expresses que
tambm so usadas para fazer comparaes e podem aparecer nas
provas. As...as e So....as so recorrentes em prova:
Expresso

as.....as

as fast as (to rpido quanto)


not as fast as (no to

to..quanto

rpido)

as stable as
(to estvel quanto)
not as stable as
(no to estvel quanto)
so.....as
so stable as
(to estvel quanto)
so developed as
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(to desenvolvido quanto)

Adjetivos terminados em ed e ing.


Por fim, h dois tipos de adjetivos que devem ser lembrados: os
adjetivos formados pelo particpio passado (-ed) e aqueles formados
pelo gerndio (-ing).
Alm de ser usado para formar o passado dos verbos, o -ed
tambm

e o ing tambm foram adjetivos. O ed corresponde, em

portugus,

terminaes

ado/-edo/-ido

(resolved=resolvido;

bearded=barbado). O ing corresponde, em portugus, s terminaes


ente/-ante (depressing=deprimente; interesting=interessante).

Advrbios
Em ingls, a maioria dos advrbios formada adicionando-se o
sufixo -ly ao adjetivo de origem (careful/carefully, happy/happily etc.).
Enquanto o adjetivo d uma caracterstica ao substantivo, o advrbio se
refere ao verbo.
Existem algumas palavras que terminam em -ly mas que, porm,
no so advrbios, e sim adjetivos. As principais delas so: friendly:
amigvel,

lonely:

solitrio,

ugly:feio,

likely:

provvel,

unlikely:

improvvel.

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Os advrbios podem ser derivados de adjetivos ou podem ter a
mesma

forma

do

adjetivo.

Neste

ltimo

caso,

temos

situao

semelhante em portugus quando dizemos, por exemplo:


Ele um rapaz bonito (adjetivo) x Ele canta bonito (advrbio).

Muitos advrbios, principalmente os de modo, freqncia e


intensidade, so derivados de adjetivos mediante o acrscimo do sufixo
ly (-mente em portugus).
Adjetivo

Advrbio

Slow (lento, devagar)

Slowly (lentamente, devagar)

Careful (cuidado)

Carefully (cuidadosamente)

Efficient (eficiente)

Efficiently (eficientemente)

Quick (rpido)

Quickly (rapidamente)

Bad (mau)

Badly (mal)

Perfect (perfeito)

Perfectly (perfeitamente)

Silent (silencioso)

Silently (silenciosamente)

Easy (fcil)

Easily (facilmente)

Terrible (terrvel)

Terribly (terrivelmente)

Tragic (trgico)

Tragically (tragicamente)

Como no possvel acrescentar um ly a adjetivos que j


terminam em ly (tais como friendly, silly, lovely etc), deve-se
recorrer a uma construo com way (jeito, modo) ou manner
(maneira). Por exemplo:
Friendly (amigvel) in a friendly way (de modo amigvel)

Ateno para um advrbio que em nada semelhante ao


adjetivo: good (bom) .........................well (bem).
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Advrbios de Frequncia
Em destaque, os advrbios de freqncia. Recorrentes em provas
de concurso da ESAF, so aqueles que nos indicam com que frequncia
algo aconteceu, acontece, acontecer etc. Observe o quadro abaixo,
que mostra, em uma escala do mais frequente para o menos frequente,
o grau de frequncia dos principais advrbios:

ADVRBIOS DE FREQUNCIA

+
always: sempre
often: frequentemente
usually: habitualmente
sometimes: s vezes
seldom/rarely: raramente
never: nunca

Agora, vejamos como os adjetivos e advrbios so cobrados em


prova:

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DICA: Antes de ler o texto, no


perca tempo, v ao enunciado da
questo.

Veja

que

Banca

Examinadora quer de voc.

Insolvencies/Guaranty Funds
Source: www.iii.org
Feb/ 2006 (Adapted)

1.

The regulation of insurance company solvency is a

function of the state. The Gramm-Leach-Bliley Financial Services


Modernization Act of 1999, which allowed banks, securities firms,
insurance companies and other financial services entities to affiliate and
sell one anothers products, continues this practice. State regulators
monitor the financial health of companies licensed to provide insurance
in their state through analysis of the detailed annual financial
statements that insurers are required to file and periodic on-site
examinations. When a company is found to be in poor financial
condition, regulators can take various actions to try to save it.
Insolvencies do occur, however, despite the best efforts of regulators.

1. (ESAF/SUSEP/2006) In relation to the monitoring of the financial


health of companies licensed to provide insurance, the state regulators

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a) are currently designing two tools to follow it.
b) might resort to actions designed to assist them.
c) may decide to outsource any further analysis.
d) have been assessing the most effective procedures.
e) are likely to adopt the analysis of their statements.

Comentrios:
O enunciado da questo diz: In relation to the monitoring of
the financial health of companies licensed to provide insurance,
the state regulators (Em relao ao monitoramento da sade
financeira de companhias licenciadas a oferecer seguro, os reguladores
estatais...) Vejamos onde o texto est tratando de monitoring.
DICA: Observe que das 10 palavraschave, 6 so verdadeiros cognatos,
ou

seja,

assemelham

palavras
ao

que

se

portugus.

Felizmente elas so maioria! Mas


cuidado, h os falsos cognatos. No
se preocupe com eles agora. Eles so
minoria.

PALAVRAS-CHAVE
relation: relao
monitoring: monitoramento
financial health: sade financeira
companies: companhias
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licensed: licenciadas
provide: oferecer, fornecer, produzir
state regulators: reguladores estatais

O texto trata do assunto monitoring na seguinte frase:


State regulators monitor the financial health of companies licensed to
provide insurance in their state through analysis of the detailed annual
financial statements that insurers are required to file and periodic onsite examinations.

MAIS PALAVRAS-CHAVE
through: atravs
analysis: anlises
detailed: detalhadas
annual: anual
financial statements: demonstraes financeiras
insurers: segurador, seguradora
are required: so demandados, solicitados
to file: seguir
periodic: peridico
on-site examinations: exame, investigao in loco

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Da leitura, verificamos que h duas maneiras por meio (through)
das quais os reguladores estatais monitoram a sade financeira das
companhias: analysis of the detailed annual financial statements that
insurers are required to file and periodic on-site examination.

a) are
Currently = atualmente
CUIDADO! FALSO COGNATO!

x
actually = realmente, efetivamente
currently designing two tools to follow it.
A opo A est incorreta. O texto no diz que os reguladores
estatais esto atualmente (currently) desenvolvendo (designing)
duas ferramentas (tools) para monitoramento da sade financeira das
seguradoras. O autor apenas afirma que os reguladores estatais
monitoram a sade financeira das companhias de seguro atravs de 2
ferramentas: analysis of the detailed annual financial statements that
insurers e periodic on-site examination.

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b) might resort to actions designed to assist them.


A opo B est correta. O verbo to resort to significa recorrer
a, apelar a. J might resort to d a idia de probabilidade. A opo
afirma que possvel que os reguladores do mercado de seguros
recorram s ferramentas citadas no texto. Logo a afirmativa est
corretssima, uma vez que o autor afirma que os reguladores estatais
monitoram a sade financeira das companhias atravs da analysis of
the detailed annual financial statements that insurers are required to
file e do periodic on-site examination, duas aes desenvolvidas para
lhes assistir.

c) may decide to outsource any further analysis.


A opo C est incorreta. O autor no diz que os reguladores
podem (may) decidir

por terceirizar (outsource) anlises mais

profundas (further = como vimos, esta a forma comparativa do


adjetivo far).

d) have been assessing the most effective procedures.


A opo C est incorreta. No texto no h qualquer meno ao
verbo assess (avaliar, estimar, calcular) ou outro com idia similar.
Logo, est errado afirmar que os reguladores estatais esto avaliando
os procedimentos mais efetivos (most effective = forma superlativa
do adjetivo effective).

e) are likely to adopt the analysis of their statements.


A opo E est incorreta. No se pode afirmar pela leitura do
texto que os reguladores estatais esto tendentes a adotar a anlise de
suas demonstraes. Totalmente errada.
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IMPORTANTE
Sufixo -LY

Forma adjetivos e advrbios


slowly: lentamente
likely: provavelmente, tendente
lively: vivaz

PALAVRAS-CHAVE
currently: atualmente
designing: desenvolvendo
tool: ferramenta
resort to: recorrer a
outsource: terceirizar
further: mais profundo, mais distante
assess: avaliar, estimar, calcular
most effective procedures: procedimentos mais efetivos
likely: provvelmente, tendente
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adopt: adotar

Logo, a resposta para esta questo a letra B.

2. (ESAF/SUSEP/2006) According to the text, insolvencies do


occur, which means they
a) actually happen.
b) are undoubtedly preventable.
c) hardly take place.
d) do not pose a threat.
e) used to be more frequent.

Comentrios:
O

enunciado

da

questo

remete

leitor

expresso

insolvencies do occur. S ser necessrio encontrar esta expresso no


texto. Vejamos a ltima frase do texto: ()Insolvencies do occur,
however, despite the best efforts of regulators. Agora as palavraschave e as alternativas de resposta:

PALAVRAS-CHAVE
insolvencies: insolvncias
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occur: ocorrer, acontecer
however: porm, no obstante
despite: apesar de
actually: efetivamente, de fato
happen: acontecer
undoubtedly: indubitavelmente
preventable: evitvel
hardly: dificilmente
take place: ocorrer
pose a threat: representar uma ameaa
used to be: costumava ser

a) actually happen.
A opo A est correta. Insolvencies do occur significa que
insolvncias efetivamente acontecem. Actually significa de fato,
efetivamente.

IMPORTANTE
actually = realmente, efetivamente

Outros exemplos:

Adjetivos + Sufixo LY = advrbio

undoubtedly (indubitavelmente)

Logo, actual = real, efetivo

hardly (dificilmente)

CUIDADO! FALSO COGNATO!

frequently (frequentemente)

Atualmente = nowadays, presently

usually (usualmente, habitualmente)

b) are undoubtedly preventable.

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A opo B est incorreta. Da leitura da frase Insolvencies do
occur, however, despite the best efforts of regulators. percebe-se que
apesar dos esforos dos reguladores, as insolvncias efetivamente
ocorrem. Logo, no se pode afirmar que insolvncia seja
indubitavelmente evitvel (preventable).

c) hardly take place.


A opo C est incorreta. O texto no diz que insolvncia
dificilmente (hardly) ocorre (take place), apenas afirma que ela
ocorre.

d) do not pose a threat.


A opo D est incorreta. Insolvencies do occur no quer dizer
que insolvncias no representam (pose) uma ameaa (threat).
Perceba que o enunciado da questo quer apenas o significado da
expresso e no a interpretao de que sejam ou no ameaas.

e) used to be more frequent.


A opo E est incorreta. A opo afirma que insolvncias
costumavam ser (used to be) mais freqentes. No texto no h essa
afirmao.

Logo, a resposta para esta questo a letra A.

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The long climb
Source: www.economist.com
st Oct, 2009 (Adapted)
1.

The world economy is fitfully getting back to normal,

but it will be a new normal. This phrase has caught on, even if
people disagree about what it means. In the new normal, as
defined by Pimcos CEO, Mohamed El-Erian, growth will be
subdued and unemployment will remain high. The banking
system will be a shadow of its former self, and the securitization
markets, which buy and sell marketable bundles of debt, will
presumably be a shadow of a shadow. Finance will be costlier and
investment weak, so the stock of physical capital, on which
prosperity depends, will erode.
2.
several

The crisis invited a forceful government entry into


of

capitalisms

inner

sanctums,

such

as

banking,

American carmaking and the commercial-paper market. Mr ElErian worries that the state may overstay its welcome. In
addition, national exchequers may start to feel some measure of
the fiscal strain now hobbling California. Americas Treasury, in
particular, must demonstrate that it is still a responsible
shepherd of other countries savings.

3. (ESAF/ AFRFB/2009)

In paragraph 1, growth in the new order is

defined as
a) both real and active.
b) absolutely extraordinary.
c) not very active or busy.
d) sustainable and rapid.
e) unpredictable.
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Comentrios:
A questo nos remete ao Pargrafo 1 e expresso growth in
the new order. Voc dever escolher a opo que mais se assemelha
definio de growth in the new order dada pelo texto.
Vejamos como o texto trata do assunto:
The world economy is fitfully getting back to normal, but it
will be a new normal. This phrase has caught on, even if people
disagree about what it means. In the new normal, as defined by
Pimcos CEO, Mohamed El-Erian, growth will be subdued and
unemployment will remain high.

PALAVRAS-CHAVE
growth: crescimento
new order: nova ordem
world economy: economia mundial
getting back to normal: voltando ao normal
will be: futuro do verbo be (ser) - ser
subdued: passado do verbo subdue (reduzir) reduzido, reduziu
unemployment: desemprego
will remain: futuro do verbo remain (continuar) - continur
high: alto

Qual a opo mais retrata o crescimento econmico (growth) na nova


ordem mundial:

a) both real and active.


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A opo A est incorreta. A alternativa caracteriza a nova ordem
com os adjetivos real e active (ativa, rpida, vigorosa). A definio
positiva e est errada. Veja que o texto fala em alto desemprego (high
unemployment) e crescimento reduzido (subdued).

b) absolutely extraordinary.
A opo B est incorreta. Assim como a alternativa a, a
alternativa

traz

uma

definio

positiva

da

nova

ordem:

absolutamente extraordinria (absolutely extraordinary).

c) not very active or busy.


A opo C est correta. O texto define o crescimento na nova
ordem como: (...) growth will be subdued and unemployment
will remain high. Temos aqui que o crescimento ser reduzido e
desemprego continuar alto, logo, a alternativa est correta ao afirmar
que o crescimento no ser muito vigoroso, ativo (active, busy).

d) sustainable and rapid.


A opo D est incorreta. Aqui a definio de crescimento tambm
positiva, sustainable e rapid (sustentvel e rpido).

e) unpredictable.
A opo E est incorreta. O texto no diz que o crescimento na
nova ordem mundial imprevisvel (unpredictable).

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DICA: Apenas na alternativa c,
resposta

para

questo,

foi

apresentada uma definio negativa


para o crescimento na nova ordem
mundial.

Mesmo

sem

saber

definio de subdued daria para


acertar a questo.

Logo, a resposta para esta questo a letra C.

Reason with him


Source: www.newsweek.com
22nd Sep, 2009 (Adapted)

Question (Q) 1: Margolis: When you took office, Brazil was


regarded as an underachiever, and the last among the
BRIC nations. Now Brazil is considered a star among
emerging countries. Whats happened?
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Lula: No one respects anyone who doesnt respect themselves.
And Brazil always behaved like a second-class country. We always
told ourselves we were the country of the future. But we never
transformed these qualities into anything concrete. In a globalized
world you cannot sit still. You have to hit the road and sell your
country. So we decided to make strengthening Mercosul (the
South American trading bloc) a priority, and deepened our
relations with Latin America in general. We prioritized trade with
Africa and went into the Middle East aggressively. Our trade
balance today is diversified. This helped us cushion the blow of
the economic crisis.
Q2: Margolis: Has Brazils success in navigating the
economic crisis changed investorsviews?
Lula: There was no miracle. We had a strong domestic market.
We had consumers who wanted to buy cars. We reduced part of
the sales tax and asked the companies to offer consumers credit
on affordable items. Its the same case with refrigerators, stoves,
washing

machines,

and

with

computers

and

the

housing

construction.
Q3: Margolis: What are the lessons for other countries?
Lula: The great lesson is that the state has an important role to
play, and has great responsibility. We dont want the state to
manage business. But it can be an inducer of growth and can
work in harmony with society.

4. (ESAF/ AFRFB/2009) In his answer to question 1, Brazils


president refers to strengthening Mercosul as a priority. In other
words, a measure he considered
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a) risky.
b) unattainable.
c) pivotal.
d) unnecessary.
e) advisable.

Comentrios:
A questo se refere expresso strengthening Mercosul as a
priority e quer saber qual dos adjetivos reflete a opinio do presidente
acerca dessa medida (measure). Considerando que o presidente disse
ser a medida uma prioridade (priority), o fortalecimento do Mercosul
:

a) risky.
b) unattainable.
c) pivotal.
d) unnecessary.
e) advisable.

Observe que no era preciso saber ingls para acertar a


questo, todos as adjetivos apresentados nas alternativas se parecem
com o portugus. O vocabulrio-chave que cobrado nesta questo se
parece bastante com o portugus:
PALAVRAS-CHAVE
strengthening: fortalecimento, fortalecer
priority: prioridade
measure: medida
risky: arriscado
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unattainable: inatingvel
pivotal: fundamental, essencial, piv
unnecessary: desnecessrio
advisable: aconselhvel

Das 08 palavras-chave, 06 se parecem com nossas palavras do


portugus. Isso muitas vezes acontece. Existem sim os falsos cognatos,
aquelas palavras que na escrita se assemelham ao portugus, mas que
tm significados diferentes. Contudo, importante lembrar que forte
a presena de vocbulos de origem latina no ingls, sendo que a
porcentagem de ocorrncia dessas palavras como falsos cognatos em
relao ao portugus insignificante - menos de 0,1%. No se
preocupe com qualquer probabilidade de erro ao interpretar palavras do
ingls parecidas com palavras do portugus.

Logo, a resposta para esta questo a letra C.

5. (ESAF/ AFRFB/2009) Brazils president refers to the countrys


diversified trade balance as having
a) contributed to worsen the global economic crisis.
b) resulted from trade with one sole strategic partner.
c) been prevented by internal regulations.
d) been considered as an unattainable goal.
e) minimized the adverse effects of the world crisis.
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Comentrios:
Vamos destacar as palavras-chave do enunciado para depois
buscar no texto a resposta:

Brazils president refers to the countrys diversified trade balance


as having
(O Presidente se refere balana comercial diversificada do pas
como tendo....)

No texto, as palavras diversified trade balance aparecem no


trecho:
Our trade balance today is diversified. This helped us
cushion the blow of the economic crisis.

Juntando as palavras-chave do enunciado com as do texto, temos


que:

diversified

trade balance

helped

economic crisis

Agora vejamos as alternativas de respostas:

a) contributed to worsen the global economic crisis.


A opo A est incorreta. Com a anlise das palavras no quadro
acima, conclumos que a balana comercial diversificada ajudou
(helped) o pas na crise econmica. Ao contrrio do texto, a alternativa
diz que a balana comercial prejudicou, piorou (worsen) a crise
econmica global. Observe que a palavra crisis est precedida de dois
adjetivos: global e economic.
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b) resulted from trade with one sole strategic partner.
A opo B est incorreta. Estamos falando aqui de diversified
trade balance e a alternativa fala em trade with one solo strategic
partner (comrcio com um nico parceiro estratgico). A palavra
partner est precedida dos adjetivos one solo e strategic.

c) been prevented by internal regulations.


A opo C est incorreta. O presidente trata da balana comercial
diversificada como fator que teria ajudado o pas na crise e no como
tendo sido evitada ou impedida (prevented) por regulamentaes
internas. Internal o adjetivo que est qualificando regulations.

d) been considered as an unattainable goal.


A opo D est incorreta. A alternativa afirma que a balana
comercial diversificada foi considerada (been considered) um objetivo
(goal) inatingvel (unattainable) unattainable o adjetivo.

e) minimized the adverse effects of the world crisis.


A opo E est correta. Assim como est no texto que a balana
comercial diversificada ajudou, a alternativa diz que ela minimizou
(minimized) os efeitos adversos (adverses o adjetivo) da crise
mundial.

PALAVRAS-CHAVE
diversified: diversificado
trade balance: balana comercial
contributed: contribuido
worsen: piorar
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global economic crisis: crise econmica global
resulted: resultou
trade: comrcio
one sole: um s, um nico
strategic partner: parceiro estratgico
been: sido, estado
prevent: evitar, impedir, prevenir
internal regulations: regulamentaes internas
considered: considerado
unattainable: inatingvel
goal: objetivo
minimized: minimizou
adverse effects: efeitos adversos
cushion: amortecer, proteger contra choques

Logo, a resposta para esta questo a letra E.

While Rome burns


Source: www.economist.co.uk
Sep 25th, 2008 (Adapted)

1.

American plans to buy up assets that are clogging the

financial system lack detail but no one doubts that a massive


government intervention is coming. In Europe jittery investors
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have no such reassurance. European governments have yet to
respond publicly to calls from Hank Paulson, the treasury
secretary, to follow his lead. They look set to keep faith with the
approach that they have used to handle the crisis so far staving
off liquidity worries by allowing banks to use facilities at central
banks to swap their assets in exchange for ready cash.
2.

That makes many watchers nervous. The crisis in

America has dramatically grown from one of liquidity to one of


solvency as well. Lehman Brothers had access to the Federal
Reserves discount window, after all, but still went under. The
burning question now is whether banks have enough capital. On
some measures, European banks look pretty well capitalized. The
average tier-one ratio, which measures capital based on the
riskiness of bank assets, stood at 8% in the first half of the year.
That looks solid enough, if you assume that banks have a good
handle on risk.

6. (ESAF/ STN/2008) As regards investors in Europe at the moment,


they are feeling
a) nervous and upset.
b) confident and optimistic.
c) reassured, but cautious.
d) slightly afraid.
e) tense, but optimistic.
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Comentrios:
Veja que as alternativas s trazem adjetivos. O enunciado diz:
quanto aos (as regards) investidores (investors), como esto se
sentindo.
H duas frases no texto com palavras-chave que aparecem
tambm em duas das alternativas:

In Europe jittery investors have no such reassurance.

Nesta

frase

aparece

palavra

reassurance,

que

significa

resseguro, confiante. Na alternativa e est sendo afirmado que os


investidores esto confiantes, mas cuidadosos. Contudo, o texto est
negando que os investidores tenham tal confiana, segurana (veja que
o texto diz: have no).

That makes many watchers nervous.

Aqui no aparece a palavra investors, mas a palavra watchers,


que significa observadores em geral (o que inclui, portanto, os
investidores)
a) nervous and upset. (nervosos e preocupados)
b) confident and optimistic. (confiantes e otimistas)
c) reassured, but cautious. (confiantes, mas cautelosos)
d) slightly afraid. (levemente temerosos)
e) tense, but optimistic. (tensos, mas otimistas)

VOCABULRIO-CHAVE
as regards: quanto /ao
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investors: investidores
feeling: sentindo
nervous: nervoso
upset: preocupado
confident: confidante, certo, seguro
optimistic: otimista
reassured: resseguro, confiante
cautious: cauteloso
slightly: levemente
afraid: temeroso, com medo
tense: tenso, ansioso

Logo, a resposta para esta questo a letra A.

A world of connections
Source: www.economist.com (Adapted)
Jan 28th, 2010

To sceptics all this talk of twittering, yammering and


chattering smacks of another internet bubble in the making. They
argue that even a huge social network such as Facebook will
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struggle to make money because fickle networkers will not stay in
one place for long, pointing to the example of MySpace, which
was once all the rage but has now become a shadow of its former
self. Last year the site, which is owned by News Corp, installed a
new boss and fired 45% of its staff as part of a plan to revive its
fortunes.
Within companies there is plenty of doubt about the
benefits of online social networking in the office. A survey of
1,400 chief information officers conducted last year by Robert Half
Technology, a recruitment firm, found that only one-tenth of them
gave employees full access to such networks during the day, and
that many were blocking Facebook and Twitter altogether. The
executives biggest concern was that social networking would lead
to social networking, with employees using the sites to chat with
friends instead of doing their jobs. Some bosses also fretted that
the sites would be used to leak sensitive corporate information.

7. (ESAF/SUSEP/2010) According to paragraph 2, the benefits of


online social networking in the office are
a) undeniable.
b) numerous.
c) long-lasting.
d) uncertain.
e) predictable.
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Comentrios:
De acordo com o pargrafo 2, os benefcios (benefits) de uma
rede social (networking) online para um escritrio (office) so....

No texto, encontramos a palavra benefits na frase:

Within companies there is plenty of doubt about the benefits of


online social networking in the office.

As palavras-chave para responder a questo so plenty (muitas)


e doubt (dvidas).
Analisando as alternativas e seus adjetivos, qual deles traz a idia
de algo duvidoso:
a) undeniable. (inegveis)
b) numerous. (numerosos)
c) long-lasting. (duradouros)
d) uncertain. (incertos) = plenty of doubt
e) predictable. (previsveis)

VOCABULRIO-CHAVE
benefits: benefcios
office: escritrio
undeniable: inegvel
numerous: numeroso
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long-lasting: duradouro
uncertain: incerto
predictable: previsvel
within: em
companies: empresas
plenty of doubt: muitas dvidas

Logo, a resposta para esta questo a letra D.

8. (ESAF/SUSEP/2010) According to paragraph 2, some bosses also


worried that through the sites sensitive corporate information would be
a) altered.
b) distorted.
c) made classified.
d) disclosed.
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e) negotiated.

Comentrios:
De acordo com o pargrafo 2, alguns patres/chefes (bosses)
tambm temam (worried) que atravs destes sites (sites de redes
sociais)

informaes

information)

corporativas

sensveis

seriam.....Observe

que

(sensitive

informao

corporate
est

aqui

caracterizada por sensitive e corporate, dois adjetivos que antecedem


a palavra information.
No texto, a palavra bosses aparece na frase:

Some bosses also fretted that the sites would be used to leak
sensitive corporate information.
Sem se preocupar com a traduo de leak, sabendo que o texto
trata dos riscos destes sites de redes sociais para informaes sensveis
de que essas informaes sejam amplamente divulgadas, certo?
Informaes sensveis podem ser tambm informaes sigilosas, no
mesmo?

Vejamos as alternativas:

a) altered. (alteradas)
b) distorted. (distorcidas)
c) made classified.(classificadas)
d) disclosed. (abertas, divulgadas)
e) negotiated.(negociadas)
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As alternativas so todas adjetivos terminados em ed, ou seja,


formadas pelo passado particpio de verbos. As alternativas a e b
so sinnimos e a questo no pode ter duas respostas. A c e a e
no fazem sentido no contexto. Portanto, sobra a letra d. Disclosed
(divulgadas) tem o mesmo sentido que leak, que significa vazar
informaes secretas.
VOCABULRIO-CHAVE
some: alguns
bosses: chefes
also: tambm
worried: preocupado
sensitive corporate information: informaes corporativas sensveis
altered: alteradas
distorted: distorcidas
classified: classificadas
disclosed: divulgadas
negotiated: negociadas
fretted: preocupado
leak: vazar informaes secretas

Logo, a resposta para esta questo a letra D.

Tackling Corruption for Growth and Development


Source: www.ausaid.gov.au
18th Jan 2008 (Adapted)

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1.

Corruption is a major impediment to broadbased

growth and development, undermining government revenue and


expenditure on the delivery of basic services such as law and
justice, health care, education, and the maintenance of essential
infrastructure. The World Bank Institute has estimated that more
than US$1 trillion is paid in bribes each year and, over the long
run, countries that tackle corruption and improve the rule of law
can increase their national incomes by as much as four times.
2.

Corruption weakens institutions and makes states

more vulnerable to crisis. It has the potential to undermine


security in our partner countries and in the Asia-Pacific region
more broadly. Security can be threatened when governments fail
to deliver services, uphold law and order, maintain public
confidence in institutions, or control the use of resources.
3.

Corruption can lead to money politics and undermine

the decisions of democratically elected governments. It can also


open the way for a variety of other crimes such as money
laundering and trafficking in drugs, arms, and people.

9. (ESAF/CGU/2008) According to the text, the effect of corruption


on the decisions made by democratically elected governments is that
these decisions
a) become more legitimate and effective.
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b) gradually become less effective.
c) are implemented in a shorter period of time.
d) gain both credibility and morale.
e) may lose legitimacy and credibility.

Comentrios:
O enunciado no diz o pargrafo a que se refere a questo.
Teremos que procurar no texto onde o assunto foi tratado.
Vejamos as palavras-chave do enunciado:
According to the text, the effect of corruption on the decisions
made

by

democratically

elected

is

governments

that

these

decisions
A questo trata do efeito (effect) da corrupo nas decises
tomadas (decisions made) pelos governos democraticamente eleitos
(democratically elected governments), certo?

Quando

voltamos

ao

texto,

percebemos

que

palavra

democratically aparece na primeira frase do pargrafo 3.


Corruption can lead to money politics and undermine the decisions
of democratically elected governments.

Agora, vejamos as alternativas:

a) become more legitimate and effective.


A opo A est incorreta. Vimos que a questo trata da corrupo
e sua influncia nas decises dos governos democraticamente eleitos. A
alternativa afirma que, como efeito da corrupo, as decises tornamse mais legtimas e efetivas. Isso no poderia ser verdadeiro, no

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mesmo? Aqui temos a forma comparativa (more) dos adjetivos
legitimate e effective.

b) gradually become less effective.


A opo B est correta. O texto diz que a corrupo mina,
enfraquece (undermine) as decises, ou seja, as decises vo se
tornando menos (less) efetivas com a corrupo. A palavra undermine
tem o significado de arruinar gradativamente (gradually), minar.

c) are implemented in a shorter period of time.


A opo C est incorreta. Tambm no h no texto a informao
de que as decises, considerando a ocorrncia de corrupo, sejam
implementadas num perodo de tempo mais curto (shorter forma
comparativa do adjetivo short) do que se no houvesse corrupo.

d) gain both credibility and morale.


A opo D est incorreta.

Ao contrrio do que o texto afirma,

esta alternativa diz que as decises ganham credibilidade e moralidade.

e) may lose legitimacy and credibility.


A opo E est incorreta.

O texto no diz claramente que as

decises dos governos democraticamente eleitos perdem legitimidade e


credibilidade. O texto diz que a corrupo enfraquece as decises e usa
o verbo undermine, que tem a idia de processo gradativo.

PALAVRAS-CHAVE
democratically: democraticamente
elected: eleito
goernments: governos
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lead: conduzir, levar
undermine: minar, enfraquecer
become: tornar-se
less effective: menos efetivo
gradually: gradualmente
implemented: implementado
shorter: mais curto, menor
morale: moral
gain: ganho, benefcio, vantagem
both: ambos
credibility: credibilidade
lose: perder
legitimacy: legitimidade

Logo, a resposta para esta questo a letra B.

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Land of Promise
Source: www.economist.com/specialreports
April 12th 2007 (Adapted)
1.

In 2003 Goldman Sachs, an investment bank, selected

Brazil, along with Russia, India and China, as one of the BRICsthe developing countries that would share dominance of the world
economy by 2050.
2.

In some ways Brazil is the steadiest of the BRICs.

Unlike China and Russia it is a full-blooded democracy; unlike


India it has no serious disputes with its neighbours. It is the only
BRIC

without

nuclear

bomb.

The

Heritage

Foundations

Economic Freedom Index, which measures such factors as


protection

of

property

rights

and

free

trade,

ranks

Brazil

(moderate free) above the other BRICs (mostly unfree). One


of the main reasons why Brazils growth has been slower than
Chinas and Indias is that Brazil is richer and more urbanized.
3.

The survey will argue that disgruntlement persists

because Brazil is a battleground between progress and inertia.


Since independence was proclaimed by the son of the Portuguese
king, Brazil has been adding layer upon layer of change rather
than sweeping away the old and starting afresh.

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10. (ESAF/CGU/2008) In paragraph 1, four countries are referred to
as
a) unlikely to play a key role in the world economic scenario.
b) the slowest-growing economies of the present.
c) likely to dominate the world economy in the future.
d) the fastest-growing economies over the past 50 years.
e) being todays richest and most prosperous economies.

Comentrios:
Logo no enunciado, mesmo para quem tem apenas noes
bsicas de ingls, j d para saber que para responder a questo
bastar ler o pargrafo 1.
A questo quer saber o que o texto do pargrafo 1 diz sobre os
quatro pases. Ento vamos ler apenas o pargrafo 1 e tentar
identificar o vocabulrio-chave:
In 2003 Goldman Sachs, an investment bank, selected Brazil, along
with Russia, India and China, as one of the BRICs- the developing
countries that would share dominance of the world economy by
2050.

Significado desse vocabulrio em destaque

PALAVRAS-CHAVE
investment bank: banco de investimentos
selected: selecionou
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developing countries: pases em desenvolvimento
would share dominance: compartilharo domnio
world economy: economia mundial

DICA: Observe que das 10 palavraschave, 6 so verdadeiros cognatos,


ou

seja,

assemelham
ingls.

palavras
no

que

portugus

Felizmente

elas

se
e

so

no
a

maioria!

O que podemos extrair deste pargrafo, observando as palavraschave em destaque : Em 2003, um banco de investimentos
selecionou o Brasil, juntamente com a Rssia, a ndia e a China para
ser um BRICs pases em desenvolvimento que compartilharo o
domnio da economia mundial at 2050. Temos a as seguintes palavras
chaves:
E quanto a esses quatro pases,vamos s opes de resposta:

a) unlikely to play a key role in the world economic scenario.


A opo A est errada. No improvvel (unlikely) que os 4
pases tenham papel chave (key role) no cenrio da economia
mundial. O primeiro pargrafo afirma exatamente o contrrio.

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IMPORTANTE
Adjetivos iniciados com UN.

Outros exemplos:

Unlikely = Improvvel

unable (incapaz)

Prefixo UN contrrio, negativo

unaware (inconsciente)

Logo, likely=provvel

unusual (incomum)
unstable (instvel)

b) the slowest-growing economies of the present.


A opo B est errada. O texto no afirma que essas quatro
economias so as que esto crescendo de modo mais lento
atualmente. O texto claro ao se referir ao tempo futuro, ano de 2050.
Nem se trata aqui de saber ingls, mas de observar datas.
Como vimos no incio da aula, slowest Outros exemplos:
forma superlativa de slow.

Fastest (mais rpido), richest (mais


rico),

Slowest = mais lento, devagar


Sufixo EST para formar superlativos
da maioria dos adjetivos curtos em

poorest

(melhor),

(mais

most

desenvolvidos),

pobre),

developed
most

best
(mais

prosperous

(mais prspero).

ingls. Para os adjetivos longos usamos


o MOST.

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c) likely to dominate the world economy in the future.

A opo C est correta. Como vimos no comentrio da opo a,


likely significa provvel. O texto afirma que os 4 pases provavelmente
dominaro a economia mundial.

d) the fastest-growing economies over the past 50 years.

A opo D est errada, o texto no diz que as 4 economias


cresceram de modo mais acelerado nos ltimos 50 anos. Como vimos
no comentrio do item b, -EST est formando o superlativo do adjetivo
fast (rpido, acelerado).

IMPORTANTE
Growing = crescendo ou crescimento, a depender da frase em que aparece.
Sufixo ING pode formar gerndio de verbos, mas tambm substantivos.

e) being todays richest and most prosperous economies.


A opo E est errada. Como vimos, o texto no diz que as 4
economias so as mais ricas (most prosperous forma superlativa de
prosperous) nem tampouco as mais prsperas no presente (today).

Logo, a resposta para esta questo a letra C.

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11. (ESAF/CGU/2008)

In paragraph 2, the author compares Brazils

growth to Chinas and Indias and, therefore, defines it as

a) not being as fast.


b) dependent on the latter.
c) unexpectedly higher.
d) not as stable.
e) the least steady.

Comentrios:

Agora vamos ao pargrafo 2. Neste pargrafo o autor compara o


crescimento do Brasil ao da China e ndia. Observe que a questo quer
saber como definido o crescimento (growth) do Brasil.

DICA: A Banca quer que o candidato


consiga identificar as caractersticas
do

crescimento

do

Brasil

que

aparecem no texto na forma de


adjetivos. Destaque os adjetivos.

In some ways Brazil is the steadiest of the BRICs. Unlike China and
Russia it is a full-blooded democracy; unlike India it has no serious
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disputes with its neighbours. It is the only BRIC without a nuclear
bomb. The Heritage Foundations Economic Freedom Index, which
measures such factors as protection of property rights and free trade,
ranks Brazil (moderate free) above the other BRICs (mostly
unfree). One of the main reasons why Brazils growth has been
slower than Chinas and Indias is that Brazil is richer and more
urbanized.
Primeiro perceba que o tema central tratado neste pargrafo a
economia brasileira. Observe as palavras-chave em destaque vermelho.
Esses so os adjetivos para responder questo. Ao identificar, seno
todos, pelo menos alguns dos adjetivos do texto, podemos matar a
questo:

PALAVRAS-CHAVE
steadiest = mais estvel
full-blooded = forte
moderate-free = moderadamente livre
slower = mais lento (prefixo er para comparativo)
richer = mais rico (prefixo er para comparativo)
more urbanized = mais urbanizado (prefixo er para comparativo)

Vejamos as opes de resposta:

a) not being as fast.

A opo A est correta. Na ltima frase do pargrafo 2 o autor


afirma que a razo para que o crescimento econmico brasileiro seja
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mais lento (slower than) que o da China e da ndia que o Brasil
mais rico (richer) e mais urbanizado (more urbanized). A opo
descreve o crescimento do Brasil como no sendo to rpido quanto
ao da China e ndia (not as fast as as...as, como vimos no incio da
aula, expresso usada para comparar. Significa to/tanto ... quanto).

b) dependent on the latter.

A opo B est incorreta. No h no texto qualquer afirmao de


que o crescimento brasileiro seja dependente dos outros pases. Latter
significa ltimo ou mencionado em segundo lugar. Voltando ao
enunciado da questo, o segundo pas mencionado foi ndia. Contudo,
observe que mesmo sem saber o significado desta palavra no h no
texto qualquer meno dependncia. Pelo contrrio, quem tem o
mnimo de conhecimento em ingls e conseguiu identificar a palavra
FREE (livre) no pargrafo 2, j poderia sacar que esse item est
incorreto.

c) unexpectedly higher.
A letra C est incorreta. Lembre-se que estamos falando de
crescimento. O item fala unexpectedly higher (un-expectedly =
inesperado - lembrem-se do prefixo un) (high-er= comparativo de
high: mais alto). Se voltarmos aos adjetivos que marcamos no texto
no h essa afirmao. No confunda com richer (na ltima frase do
pargrafo 2) com higher richer no texto est se referindo ao pas
Brasil e no ao crescimento. No necessariamente um pas que mais
rico ter um crescimento mais elevado (comparem China e EUA, por
exemplo).

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d) not as stable.

A letra D est incorreta. Na primeira frase do pargrafo temos:


In some ways Brazil is the steadiest of the BRICs(). Logo, Brasil o
mais estvel. Como j vimos acima, stead (estvel) +est = superlativo
(mais estvel). O item diz not as stable (no to estvel). Veja bem:

stead = stable =

estvel

e) the least steady.

A letra E est incorreta. O crescimento brasileiro no o menos


(LEAST) estvel. Na primeira frase do pargrafo temos: In some ways
Brazil is the steadiest of the BRICs(). Logo, Brasil o mais estvel.

MORE x

LESS

MOST x LEAST

Logo, a resposta para esta questo a letra A.

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REVISO DO VOCABULRIO-CHAVE

A partir deste momento vamos revisar a aula por meio do quadro


do vocabulrio-chave.

PALAVRAS-CHAVE
relation: relao
monitoring: monitoramento
financial health: sade financeira
companies: companhias
licensed: licenciadas
provide: oferecer, fornecer, produzir
state regulators: reguladores estatais
through: atravs
analysis: anlises
detailed: detalhadas
annual: anual
financial statements: demonstraes financeiras
insurers: segurador, seguradora
are required: so demandados, solicitados
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to file: seguir
periodic: peridico
on-site examinations: exame, investigao in loco
currently: atualmente
designing: desenvolvendo
tool: ferramenta
resort to: recorrer a
outsource: terceirizar
further: mais profundo, mais distante
assess: avaliar, estimar, calcular
most effective procedures: procedimentos mais efetivos
likely: provvelmente, tendente
adopt: adotar
growth: crescimento
new order: nova ordem
world economy: economia mundial
getting back to normal: voltando ao normal
will be: futuro do verbo be (ser) - ser
subdued: passado do verbo subdue (reduzir) reduzido, reduziu
unemployment: desemprego
will remain: futuro do verbo remain (continuar) - continur
high: alto
strengthening: fortalecimento, fortalecer
priority: prioridade
measure: medida
risky: arriscado
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unattainable: inatingvel
pivotal: fundamental, essencial, piv
unnecessary: desnecessrio
advisable: aconselhvel
diversified: diversificado
trade balance: balana comercial
contributed: contribuido
worsen: piorar
global economic crisis: crise econmica global
resulted: resultou
trade: comrcio
one sole: um s, um nico
strategic partner: parceiro estratgico
been: sido, estado
prevent: evitar, impedir, prevenir
internal regulations: regulamentaes internas
considered: considerado
unattainable: inatingvel
goal: objetivo
minimized: minimizou
adverse effects: efeitos adversos
cushion: amortecer, proteger contra choques
as regards: quanto /ao
investors: investidores
feeling: sentindo
nervous: nervoso
upset: preocupado
confident: confidante, certo, seguro
optimistic: otimista
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reassured: resseguro, confiante
cautious: cauteloso
slightly: levemente
afraid: temeroso, com medo
tense: tenso, ansioso
benefits: benefcios
office: escritrio
undeniable: inegvel
numerous: numeroso
long-lasting: duradouro
uncertain: incerto
predictable: previsvel
within: em
companies: empresas
plenty of doubt: muitas dvidas
some: alguns
bosses: chefes
also: tambm
worried: preocupado
sensitive corporate information: informaes corporativas sensveis
altered: alteradas
distorted: distorcidas
classified: classificadas
disclosed: divulgadas
negotiated: negociadas
fretted: preocupado
leak: vazar informaes secretas
democratically: democraticamente
elected: eleito
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goernments: governos
lead: conduzir, levar
undermine: minar, enfraquecer
become: tornar-se
less effective: menos efetivo
gradually: gradualmente
implemented: implementado
shorter: mais curto, menor
morale: moral
gain: ganho, benefcio, vantagem
both: ambos
credibility: credibilidade
lose: perder
legitimacy: legitimidade
investment bank: banco de investimentos
selected: selecionou
developing countries: pases em desenvolvimento
would share dominance: compartilharo domnio
world economy: economia mundial
steadiest = mais estvel
full-blooded = forte
moderate-free = moderadamente livre
slower = mais lento (prefixo er para comparativo)
richer = mais rico (prefixo er para comparativo)
more urbanized = mais urbanizado (prefixo er para comparativo)

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QUESTES DA AULA
Insolvencies/Guaranty Funds
Source: www.iii.org
Feb/ 2006 (Adapted)

1.

The regulation of insurance company solvency is a

function of the state. The Gramm-Leach-Bliley Financial Services


Modernization Act of 1999, which allowed banks, securities firms,
insurance companies and other financial services entities to affiliate and
sell one anothers products, continues this practice. State regulators
monitor the financial health of companies licensed to provide insurance
in their state

through analysis of the

detailed annual financial

statements that insurers are required to file and periodic on-site


examinations. When a company is found to be in poor financial
condition, regulators can take various actions to try to save it.
Insolvencies do occur, however, despite the best efforts of regulators.

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1. (ESAF/SUSEP/2006) In relation to the monitoring of the financial
health of companies licensed to provide insurance, the state regulators

a) are currently designing two tools to follow it.


b) might resort to actions designed to assist them.
c) may decide to outsource any further analysis.
d) have been assessing the most effective procedures.
e) are likely to adopt the analysis of their statements.

2. (ESAF/SUSEP/2006) According to the text, insolvencies do


occur, which means they
a) actually happen.
b) are undoubtedly preventable.
c) hardly take place.
d) do not pose a threat.
e) used to be more frequent.

The long climb


Source: www.economist.com
st Oct, 2009 (Adapted)
1.

The world economy is fitfully getting back to normal,

but it will be a new normal. This phrase has caught on, even if
people disagree about what it means. In the new normal, as
defined by Pimcos CEO, Mohamed El-Erian, growth will be
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subdued and unemployment will remain high. The banking
system will be a shadow of its former self, and the securitization
markets, which buy and sell marketable bundles of debt, will
presumably be a shadow of a shadow. Finance will be costlier and
investment weak, so the stock of physical capital, on which
prosperity depends, will erode.
2.

The crisis invited a forceful government entry into

several of capitalisms inner sanctums, such as banking, American


carmaking and the commercial-paper market. Mr El-Erian worries
that the state may overstay its welcome. In addition, national
exchequers may start to feel some measure of the fiscal strain
now hobbling California. Americas Treasury, in particular, must
demonstrate that it is still a responsible shepherd of other
countries savings.

In paragraph 1, growth in the new order is

3. (ESAF/ AFRFB/2009)
defined as
a) both real and active.
b) absolutely extraordinary.
c) not very active or busy.
d) sustainable and rapid.
e) unpredictable.

Reason with him


Source: www.newsweek.com
22nd Sep, 2009 (Adapted)

Question (Q) 1: Margolis: When you took office, Brazil was


regarded as an underachiever, and the last among the BRIC
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nations. Now Brazil is considered a star among emerging
countries. Whats happened?
Lula: No one respects anyone who doesnt respect themselves.
And Brazil always behaved like a second-class country. We always
told ourselves we were the country of the future. But we never
transformed these qualities into anything concrete. In a globalized
world you cannot sit still. You have to hit the road and sell your
country. So we decided to make strengthening Mercosul (the
South American trading bloc) a priority, and deepened our
relations with Latin America in general. We prioritized trade with
Africa and went into the Middle East aggressively. Our trade
balance today is diversified. This helped us cushion the blow of the
economic crisis.
Q2: Margolis: Has Brazils success in navigating the
economic crisis changed investorsviews?
Lula: There was no miracle. We had a strong domestic market.
We had consumers who wanted to buy cars. We reduced part of
the sales tax and asked the companies to offer consumers credit
on affordable items. Its the same case with refrigerators, stoves,
washing

machines,

and

with

computers

and

the

housing

construction.
Q3: Margolis: What are the lessons for other countries?
Lula: The great lesson is that the state has an important role to
play, and has great responsibility. We dont want the state to
manage business. But it can be an inducer of growth and can work
in harmony with society.

4. (ESAF/ AFRFB/2009) In his answer to question 1, Brazils


president refers to strengthening Mercosul as a priority. In other
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words, a measure he considered
a) risky.
b) unattainable.
c) pivotal.
d) unnecessary.
e) advisable.

5. (ESAF/ AFRFB/2009) Brazils president refers to the countrys


diversified trade balance as having
a) contributed to worsen the global economic crisis.
b) resulted from trade with one sole strategic partner.
c) been prevented by internal regulations.
d) been considered as an unattainable goal.
e) minimized the adverse effects of the world crisis.

While Rome burns


Source: www.economist.co.uk
Sep 25th, 2008 (Adapted)

1.

American plans to buy up assets that are clogging the

financial system lack detail but no one doubts that a massive


government intervention is coming. In Europe jittery investors
have no such reassurance. European governments have yet to
respond publicly to calls from Hank Paulson, the treasury
secretary, to follow his lead. They look set to keep faith with the
approach that they have used to handle the crisis so far staving
off liquidity worries by allowing banks to use facilities at central
banks to swap their assets in exchange for ready cash.
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2.

That makes many watchers nervous. The crisis in

America has dramatically grown from one of liquidity to one of


solvency as well. Lehman Brothers had access to the Federal
Reserves discount window, after all, but still went under. The
burning question now is whether banks have enough capital. On
some measures, European banks look pretty well capitalized. The
average tier-one ratio, which measures capital based on the
riskiness of bank assets, stood at 8% in the first half of the year.
That looks solid enough, if you assume that banks have a good
handle on risk.

6. (ESAF/ STN/2008) As regards investors in Europe at the moment,


they are feeling
a) nervous and upset.
b) confident and optimistic.
c) reassured, but cautious.
d) slightly afraid.
e) tense, but optimistic.

A world of connections
Source: www.economist.com (Adapted)
Jan 28th, 2010

To sceptics all this talk of twittering, yammering and


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chattering smacks of another internet bubble in the making. They
argue that even a huge social network such as Facebook will
struggle to make money because fickle networkers will not stay in
one place for long, pointing to the example of MySpace, which was
once all the rage but has now become a shadow of its former self.
Last year the site, which is owned by News Corp, installed a new
boss and fired 45% of its staff as part of a plan to revive its
fortunes.
Within companies there is plenty of doubt about the
benefits of online social networking in the office. A survey of 1,400
chief information officers conducted last year by Robert Half
Technology, a recruitment firm, found that only one-tenth of them
gave employees full access to such networks during the day, and
that many were blocking Facebook and Twitter altogether. The
executives biggest concern was that social networking would lead
to social networking, with employees using the sites to chat with
friends instead of doing their jobs. Some bosses also fretted that
the sites would be used to leak sensitive corporate information.

7. (ESAF/SUSEP/2010) According to paragraph 2, the benefits of


online social networking in the office are
a) undeniable.
b) numerous.
c) long-lasting.
d) uncertain.
e) predictable.

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8. (ESAF/SUSEP/2010) According to paragraph 2, some bosses also
worried that through the sites sensitive corporate information would be
a) altered.
b) distorted.
c) made classified.
d) disclosed.
e) negotiated.

Tackling Corruption for Growth and Development


Source: www.ausaid.gov.au
18th Jan 2008 (Adapted)

1.

Corruption is a major impediment to broadbased

growth and development, undermining government revenue and


expenditure on the delivery of basic services such as law and
justice, health care, education, and the maintenance of essential
infrastructure. The World Bank Institute has estimated that more
than US$1 trillion is paid in bribes each year and, over the long
run, countries that tackle corruption and improve the rule of law
can increase their national incomes by as much as four times.
2.

Corruption weakens institutions and makes states


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more vulnerable to crisis. It has the potential to undermine
security in our partner countries and in the Asia-Pacific region
more broadly. Security can be threatened when governments fail
to deliver services, uphold law and order, maintain public
confidence in institutions, or control the use of resources.
3.

Corruption can lead to money politics and undermine

the decisions of democratically elected governments. It can also


open the way for a variety of other crimes such as money
laundering and trafficking in drugs, arms, and people.

9. (ESAF/CGU/2008) According to the text, the effect of corruption on


the decisions made by democratically elected governments is that these
decisions
a) become more legitimate and effective.
b) gradually become less effective.
c) are implemented in a shorter period of time.
d) gain both credibility and morale.
e) may lose legitimacy and credibility.

Land of Promise

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Source: www.economist.com/specialreports
April 12th 2007 (Adapted)
4.

In 2003 Goldman Sachs, an investment bank, selected

Brazil, along with Russia, India and China, as one of the BRICsthe developing countries that would share dominance of the world
economy by 2050.
5.

In some ways Brazil is the steadiest of the BRICs.

Unlike China and Russia it is a full-blooded democracy; unlike


India it has no serious disputes with its neighbours. It is the only
BRIC

without

nuclear

bomb.

The

Heritage

Foundations

Economic Freedom Index, which measures such factors as


protection

of

property

rights

and

free

trade,

ranks

Brazil

(moderate free) above the other BRICs (mostly unfree). One


of the main reasons why Brazils growth has been slower than
Chinas and Indias is that Brazil is richer and more urbanized.
6.

The survey will argue that disgruntlement persists

because Brazil is a battleground between progress and inertia.


Since independence was proclaimed by the son of the Portuguese
king, Brazil has been adding layer upon layer of change rather
than sweeping away the old and starting afresh.

10. (ESAF/CGU/2008) In paragraph 1, four countries are referred to


as
a) unlikely to play a key role in the world economic scenario.
b) the slowest-growing economies of the present.
c) likely to dominate the world economy in the future.
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d) the fastest-growing economies over the past 50 years.
e) being todays richest and most prosperous economies.

11. (ESAF/CGU/2008)

In paragraph 2, the author compares Brazils

growth to Chinas and Indias and, therefore, defines it as

a) not being as fast.


b) dependent on the latter.
c) unexpectedly higher.
d) not as stable.
e) the least steady.

GABARITO

1-B

2-A

3-C

4-C

5-E

7-D

8-D

9-B

10-C

11-A

6-A

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