4. Join the halves.

A. B.

1. Some nations are small	a) with big population
2. People of every nation	b) high-tech products such as computers
3. Japan is known as another small nation	c) may have a relatively high degree of
4. The main items of Japanese export are	economic security
5. Nations with large territories	d) to make their level of living constant
6. The Belgians can maintain	e) in area and large in population
7. The Belgians greatly depend on world	f) a relatively high level of living
market	g) so they should welcome any international
8. People seek economic security	action
	h) try to achieve as high level of living as
	possible

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IV. Post-reading activities

1. Discuss with your partner the text “Small Nations”.

1. Be ready to speak about the economy of small nations.

V. Written Task Translate into Russian. Use a dictionary if necessary.

One of the things that people discover every day is that you can't have everything. You are reminded of it every time you shop. Although you may see twenty or thirty items that you would really like to buy, you know that you will have to limit your selection to one or two. Everyone goes through life having to make choices.

Every business, even sports teams, must pick and choose from among the things they would like to have because they cannot have everything. Governments, too, cannot have everything. Every year the most important political debates concern questions about spending taxpayers' money.

Neither individuals nor societies can have all the things they would like to have. There simply is not enough of everything. Economists note that there is no limit to the amount or kinds of things that people want. There is, however, a limit to the resources, things used to produce goods and services, available to satisfy those wants. Once that limit is reached, nothing else can be produced. In other words, when nation's resources (all its workers, factories, farms, etc.) are fully employed, the only way it will be able to increase the production of one thing will be by reducing the production of something else.

To summarize: human wants are unlimited, but the resources necessary to satisfy those wants are limited. Thus, every society is faced with the identical problem, the problem of scarcity.

УЧЕБНЫЙ ЭЛЕМЕНТ 3 (УЭ-3) THE ECONOMY OF LARGE NATIONS

I. Improve your wordpower.

1. Study your active vocabulary:

fundamentals (n, pl) основы

although (cj) хотя; несмотря на то, что

to exhaust (v) истощать, исчерпывать

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self-sufficiency (n) policy (n)

in accordance with (smth.) to rely on (v) domestic (adj) prosperity (n) foreign (adj) foreign trade protective (adj) protective tariff

protection (n) total (adj)

to restrain (v) restraint (n) to expand (v) to meet demand on the one hand on the other hand to recognize (v) to cause (v) well-being (n)

самообеспеченность; независимость

политика, линия поведения, курс

в соответствии с чем-л., согласно чему-л.

полагаться, рассчитывать (на)

внутренний, отечественный

процветание, благосостояние

иностранный

внешняя торговля

защитный, предохранительный

покровительственный тариф;

протекционистский тариф

защита, ограждение; охрана

весь, целый, полный, суммарный;

(n) целое, сумма

сдерживать, ограничивать

ограничение

расширять(ся), увеличивать(ся)

удовлетворять спрос

с одной стороны

с другой стороны

признавать

вызывать, причинять

благополучие