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IV. Put the sentences into Direct Speech with appropriate

punctuation:

1. He asked what the weather had been like during my holiday and I said that it had been awful. 2. Bill asked what country I came from. 3. I asked if I should write to Ann. 4. She asked him not to interrupt her. 5. I begged to make the coffee a bit stronger. 6. Ann said not to wait for her if she was late. 7. I asked her if she would like to borrow the book but she thanked me and said that she had already read it and hadn’t liked it very much. 8. I stopped a man in the street and asked him to help me with my car.

V. Translate into English:

1. Він сказав, що повинен зробити цю роботу сам. 2. Лікар не велів мені виходити кілька днів. 3. Я спитав, чи прийде він сюди ввечері, і він сказав, що прийде. 4. Він щойно сказав, що він повністю задово­лений результатами нашої роботи. 5. Я запитав її, чи йде дощ. Вона відповіла, що йде. 6. Лікар звелів йому кинути курити. 7. Запитайте його, чи погодиться він допомогти нам. 8. Я не був упевнений, що цю роботу буде зроблено вчасно. 9. Ніхто не розумів, чому вона відмови­лася від такої цікавої пропозиції.

U N I T 12

TOPIC: MARKET PRICE

TEXT A

TEXT B

TEXT C

GRAMMAR: The Infinitive. Forms and Functions

The Prepositional Infinitive Complex

Reading drills

1. Practise the pronunciation of the following words:

a) stress the first syllable:

price, value, signal, serve, link, neutral, favour, neither, level, relatively, smoothly, strength, enterprise, opposite, stable, process, surplus, shortage, item, flexible, function;

b) stress the second syllable:

determine, consumer, consumption, surprisingly, instead, event, disaster, affect, react, accordingly, exactly, intention, adjust, adjustment, absorb;

c) stress the third syllable:

unforseen, economic, flexibility, unexpected, equilibrium.

Text A

Prices play an important role in all economic markets. If there were no price system, it would be impossible to determine a value for any goods or services. In a market economy prices act as signals. A high price, for example, is a signal for producers to produce more and for buyers to buy less. A low price is a signal for producers to produce less and for buyers to buy more. Prices serve as a link between producers and consumers. Prices, especially in a free market system, are also neutral. That is, they favour neither the producer nor consumer.

Instead, they come about1 as a result of competition between buyers and sellers. The price system in a market economy is surprisingly flexible. Unforseen events such as weather, strikes, natural disasters and even war can affect the prices for some items. When this happens, however, buyers and sellers react to the new level of prices and adjust their consumption and production accordingly2. Before long3, the system functions smoothly again as it did before. This flexibility to absorb unexpected «shocks» is one of the strengths of a free enterprise market economy.

In economic markets, buyers and sellers have exactly the opposite hopes and intentions. The buyers come to the market larger to pay low prices. The sellers come to the market hoping for high prices. For this reason, adjustment process must take place when the two sides come together. This process almost always leads to market equilibrium4 — a situation where prices are relatively stable and there is neither a surplus5 nor a shortage6 in the market.