5. Translate into Ukrainian.

In a free market, competition takes place among sellers in order to sell their commodities at the best possible price and among buyers in order to obtain what they want at a price which suits them. Such competition influences prices.

Since the modern markets are not normally located in any special place, buyers and sellers do not always have to meet face-to-face. They may communicate by letter, by cable, by telephone or through their agents. In a perfect market, such communications are easy, buyers and sellers are numerous, and competition is completely unimpeded. In a perfect market there can be only one price for any given commodity: the lowest price, which sellers will accept. There are, however, no really perfect markets, because each market is subject to its own peculiar conditions

6 Complete the dialogue using the words from the box that fit best.

time recipe ice-cream

busy know costs

went developed sell

business

1. Haven’t you seen for a long__________(1). What have you been _________(2) with?

B. I ________ (3) into business with Susan.

1. Really? What kind of _________(4) is it?

2. We _________(5) our own special __________(6) for homemade ice-cream and we decided to _________(7) it every day after school.

1. How much does your _________(8) cost?

2. It ________(9) $ 1.60 per cone.

1. You probably __________(10) a lot about business.

2. Not everything yet.

7 Translate into English

1. Економічні чинники впливають на рішення у світі бізнесу.

2. Економічні стимули впливають на наші рішення, що і де купити. (Economic incentives)

3. Валовий національний продукт – це загальна вартість усіх товарів і послуг, вироблених за один рік.

4. Перед кожним суспільством постає проблема нестатку.

5. Ціни управляють ринковою економікою

Semester 6 Module test 2

V – 9

1. If…

Match the halves of the sentences.

1. You would obtain some additional money a. if you had provided good services.

2. The consumer will probably buy more b. if you deposited your savings with a bank.

3. All students must study regularly c. if they want to become qualified specialists.

4. Business could be done without banknotes d. if the price falls.

5. You would have made more money e. if citizens used instruments of credit.

2. Rewrite the sentences in the Present Simple Passive.

1. The AVG company invests about 80 percent of their portfolio in the US and Japan.

2. The Board of Directors prepares the company to take all the risks.

3. The other party doesn’t allow to change the terms without their previous consent.

4. They must sign this agreement immediately.

5. The government offers them a 1% pay rise.

3. Complete the phrases. Use since or for.

1. ___ I left university 6. ___ March

2. ___ a long time 7. ___ a week

3. ___ Christmas 8. ___ over a month

4. ___ 1981 9. ___ Monday

5. _____twenty minutes 10. ___ nine months

4. Use one word in each space.

1. Goods and s_______(8) produced in one part of the world are increasingly available in all parts of the world.

2. Markets bring together buyers and s_______(7) of goods and services

3. A global e________(7) is an unprecedented phenomenon, not to be confused with economic internationalization.

4. G_________(13) is usually defined as a process of growing independence between all people of this planet.

5. Nowadays, Ukraine’s c_______(8) is a mixture of coins and paper money.

6. The various national economic s__________(7) tend generally towards one type or the other, but many systems are difficult to classify.

6. Ukraine nowadays has a m_______(5) economy.

7. Food production and d__________(12) are in the private sector of national economy.

8. Most people work to earn a living, and produce g_______(5) and services.

10. Laws, which relate to economic conditions, are sometimes concerned with c_________(9) between employers and employees.