- •U n I t 12
- •Reading drills
- •1. Practise the pronunciation of the following words:
- •Comments
- •Vocabulary exercises
- •I. Give the verbs from which the following nouns are derived:
- •II. Find equvalents:
- •III. Memorize the following word-combinations.
- •IV. Translate the sentences paying attention to the italicized words:
- •V. Fill in the blanks with prepositions or adverbs if necessary:
- •VI. Match each term in Column a with its definition in Column b:
- •1. «Prices act as signals to the market.» This means that
- •Comments
- •Vocabulary exercises
- •I. Find in the text the terms corresponding to the definitions:
- •II. Say whether these statements are true or false and if they are
- •III. Change the sentences according to the pattern:
- •IV. Make the following sentences passive:
- •V. Answer the following questions:
- •Reading drills
- •1. Practise the pronunciation of the following words:
- •Comments
- •Vocabulary exercises
- •I. Give the Ukrainian equivalents for the following words and
- •II. Give the corresponding nouns to the following verbs:
- •IV. Say whether these statements are true or false and if they are
- •V. Define which of the following items best completes the statement:
- •VI. Complete the following sentences:
- •VII. Answer the following questions:
- •VIII. Replace the Ukrainian words and phrases by suitable English
- •Communicative situations
- •IV. Choose the proper form of the Infinitive in brackets:
- •V. Define the form of the Infinitive:
- •VI. Translate into English:
- •VII. Complete the following sentences using the Infinitive
- •VIII. Define the function of the Infinitive:
- •IX. Translate the sentences into English using the Infinitive
- •The Prepositional Infinitive Complex
- •X. Make sentences using the «for-phrases» with Infinitives:
- •XI. Change the sentences according to the Pattern:
- •XII. State the function of the Prepositional Infinitive Complex:
- •XIII. Translate into Ukrainian paying attention to the Prepositional
- •Infinitive Complex:
- •XIV. Complete the sentences in your own way:
- •XV. Translate into English:
- •Exercises for individual work
- •I. Choose the proper form of the Infinitive:
- •II. Paraphrase the sentences using «for-phrases» with Infinitives:
- •III. Combine the two sentences using «for-phrases» with Infinitives:
- •IV. Translate into English:
Comments
1. the Law of Diminishing Marginal Utility — закон спадної граничної корисності
Vocabulary exercises
I. Find in the text the terms corresponding to the definitions:
1. The approach a country uses to deal with scarcity and achieve its economic goals. 2. An amount of money spent. 3. A purchaser of goods and services. 4. A current medium of exchange in the form of coins and banknotes. 5. Value put on a commodity at the point of exchange. 6. A thing bought. 7. The additional or extra satisfaction yielded from consuming an additional unit of goods or services. 8. An expert in economics.
II. Say whether these statements are true or false and if they are
false say why:
1. In the majority of systems prices are fixed but in the minority it is possible to bargain. 2. It is generally possible for the individual to change the prices of the commodities he wants. 3. We know that a consumer’s satisfaction is greater than his financial sacrifice if he goes on buying a commodity at the current price. 4. When a consumer becomes dissatisfied at paying the current price, he pays less. 5. The financial sacrifice becomes too great when the quality of the commodity gets worse. 6. The consumer will probably buy more if the price falls. 7. If the price rises, the consumer will probably buy less. 8. If the price remains the same, the consumer will reach a point when his sacrifice is greater than satisfaction. 9. The utility of a product stays the same, but its nature changes. 10. «The Law of Diminishing Marginal Utility» is the name which economists give to the tendency for a consumer’s desire to diminish as he buys more units.
III. Change the sentences according to the pattern:
Pattern: When he plans his expenditure, a consumer must accept
fixed prices.
When planning his expenditure, a consumer must accept
fixed prices.
1. When they consider problems of distribution, businessmen should investigate all the methods currently in use and decide objectively whether they can be improved. 2. When it prepares a new product, a company must spend a large amount of money. 3. When it decides production targets for a period of years, the government must establish its priorities very clearly. 4. When it tries to increase efficiency in production, the planning body should decide what factors are most important. 5. When it makes decisions over the number of employees which will be needed, the management for a factory must consider everything very carefully.
IV. Make the following sentences passive:
1. The government fixes the prices. 2. They fix the price in advance. 3. He must pay the current price. 4. The government has changed the policy. 5. The commodity satisfies the consumer. 6. They have produced additional supplies for the men. 7. Even in a capitalist economy the government plans certain things. 8. Economists have classified the various economic systems. 9. They have obtained various valuable minerals in that area. 10. The individual cannot change the prices of the commodities he wants.