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2. Write an article about entrepreneurship in Russia and viable ways to improve the situation.

3. Project-Making

Make a 350-word project on one of these issues. (If it is point 2, choose only one item.)

1. Excessive red tape is a serious detriment to national entrepreneurship. Why? What should be done to relieve the economy from it?

2. Such reprehensible practices as (a) black market, (b) money laundering, (c) copyright infringement, (d) industrial piracy, (e) industrial espionage - have often been berated. Why? Speak about their detrimental effect on national and global economy. What are the optimum measures to counteract them? Support your choice with convincing arguments.

1. 3 Raise the Issue

Have you ever tried to find solace from your problems and troubles in shopping? Has it helped?

What do you know about shopaholics? Can you attribute yourself to this group?

1.3 A. Words in Context

1. Tick the word closest in meaning to that of the each boldfaced word. Use the context of the sentences to help you figure out each word’s meaning.

euphoric (adj) The local businesses were euphoric when the basketball team they subsidized won the citywide championship.

Euphoric means a. very happy b. boastful c. sentimental

impetuous (adj) Whenever I make an impetuous purchase, I

end up being dissatisfied: shoes are not comfortable, the shirt the wrong color, the jacket costs too much. From now on, I intend to be more careful before I buy.

Impetuous means a. considerate b. impulsive c. imaginative

inane (adj) Our conversation in the shopping area was

inane – it mainly consisted of “awesome”, or “just look at it”.

Inane means a. silly b. interesting c. shocking

instigate (v) Many people believe that excessive advertising only instigates strive for possession.

Instigate means a. to prevent b. to predict c. to cause

oblivious (adj) The chatty, slow moving clerk at the checkout

counter seemed oblivious to the fact that the line of impatient customers was growing longer and longer.

Oblivious means a. angry about b. not noticing c. worried by

ostentation (n) The ostentation of the manager’s office –

fancy furniture and a thick rug – meant to impress customers. The rest of the department looks cheap and shabby.

Ostentation means a. cleanliness b. show off c. humility

relinquish (v) Donna had to relinquish her share in the

business after her husband’s premature death.

Relinquish means a. to buy b. to yield c. to enjoy

replete (adj) Mr.Steven’s technique was replete with

numerous maneuvers to make his customers

buy more enthusiastically.

Replete means a. replaced b. filled c. followed

sensory (adj) Sensory experiences are related to our sight,

hearing, smell, taste and touch all of which are mercilessly exploited to dupe us into

wasting our money on the things we don’t need at all.

Sensory means a. of the senses b. social c. intellectual

solace (n) Though Nancy spent enormous sum of money

on charity it gave her some solace to think that it was for a noble deed.

Solace means a. excitement b. perfection c. relief

squander (v) Why do you want to squander your money on the tickets for that silly movie?

Squander means a. to earn b. to count c. to spend carelessly

tantamount (adj) Our local supermarket is so expensive that

shopping there is tantamount to throwing

your money away.

Tantamount to means a. the result of b. just like c. independent of

veneration (n) The former veneration of cultural values has

given way to more practical approach to life.

Veneration means a. disrespect b. respect c. loyalty

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