- •Text 1. History of economic thought
- •1Complete each sentence with a word or phrase from the box.
- •2 Now read the text again and decide whether these statements are true or false.
- •Exercises
- •1 Choose the correct answer a, b or c from the list below.
- •3. Discuss these questions with your partner.
- •Exercises
- •1.Complete each sentence with a word or phrase from the box.
- •Exercises
- •1.Match the words and phrases with the definitions.
- •2.Now read the text again and answer these questions in your own words in the space provided below.
- •3.Now listen and tick which transactions in the list are mentioned.
- •Exercises
- •1. Choose the correct answer a, b or c from the list opposite.
- •2. Now read the text again and choose the sentence which best summarises each paragraph.
- •3.Discuss this question with your partner.
- •Exercices
- •1.Match the words and phrases with the definitions.
- •2. Now read the text again and decide whether these statements are true or false. If the statement is false, correct it.
- •3.Discuss this question with your partner.
- •4. Try to complete this paragraph about autarchies by using words from the box.
- •Exercises
- •1.Match the words with the definitions.
- •2.Now read the text again and match each paragraph with the correct heading.
- •Exercises
- •Match the words and phrases with the definitions.
- •3. Discuss these questions with your partner.
- •Exercises
- •1. Answer the questions.
- •2. Choose the necessary word and put in the sentence.
- •Exercises
- •1.Choose the correct answer a, b or c from the list opposite.
- •2. Now complete each sentence with words. Then listen and check your answers.
- •4. Discuss the following with your partner.
- •Exercises
- •1.Now read the text again and answer these questions in your own words in the space provided below.
- •2 Choose the correct answer.
- •In the real economy:
- •Exercises
- •I. Match the words with the definitions.
- •II.Now read the text again and complete the sentences below in your own words in the space provided.
- •III. Discuss these questions with your partner.
- •Dialogue
- •Exercises
- •1.Choose the necessary word and put it in the sentence.
- •Answer the questions.
- •Make transformations according to the model.
- •Exercises
- •Answer the questions.
- •2. Choose the necessary word and put it in the sentence.
- •Exercises
- •1. Change the sentences according to the model.
- •Make up the conditional sentences.
- •3. Answer the questions.
- •Exercises
- •Dialogue
- •Exercises
- •Exercises
- •1.Complete each sentence with a word or phrase from the box.
- •3 Now listen and complete the summary with words or numbers.
- •5. Give a two-minute talk on price. First make notes below on the following.
- •6. Imagine that you’ve got a good idea for an Internet commerce site (an Internet site which is also a business).Tell your friend what your idea is.
- •Dialogue
- •Change the sentences according to the model.
- •2. Change the sentences according to the model.
- •3. Answer the questions.
- •4. Make sentences interrogative and negative.
- •5. Choose the necessary modal verb and put it in the sentence.
- •1. Complete each sentence with a word.
- •Exercises
- •Dialogue
- •Exercises
- •Change the sentences according to the model.
- •3. Answer the questions.
- •Exercises
- •Dialogue
- •Exercises
- •I. Transform the sentences according to the model.
- •III. Answer the questions.
- •I. Answer the questions.
- •II. Select the necessary word in the sentence.
- •Dialogue
- •Exercises.
- •Exercises
- •I. Answer the questions.
- •Dialogue
- •Exercises
- •III. Answer the questions.
- •Exercises
- •1. Answers the questions.
- •2. Choose the necessary word and put.
- •3. Put the verbs in brackets into the proper present tense
- •Dialogue
- •Exercises
- •Transform the sentences according to the model.
- •Exercises
- •Exercises
- •II. Read the text again and choose the best answer or answers for each question.
- •Informal letter
- •Iy Work in groups of three or four. Imagine you and your friends are running the country.Things are not going well! Here are some of your problems.
- •Dialogue
- •Exercises
- •Give affirmative and negative answers to the questions.
I. Answer the questions.
1. What is the difference between a general partnership and | limited partnership?
2. Is there any difference between a silent partner and a el partner? What is this difference?
3. In what professional fields are the partnerships found?
4. In what businesses is the partnership a common form?
5. What are the advantages of a partnership?
ft. Discuss the disadvantages of a partnership. Would you ii partnership or sole proprietorship for business? Give your reasons.
II. Select the necessary word in the sentence.
Partnership very often receive...
from the government.
2. Limited partnership is a common form of ownership in...
3. Partnerships have many..., one is that they receive tax benefits from the government.
4....are the partners with unlimited liability.
5....has the authority in management but he is not known to public.
6. A secret partner takes part in...
7. General partners have...
8. One advantage of a partnership is that it offers a multiple source of...
9. A partnership can bring much... to the partners.
A secret partner
B unlimited liability
C real estate
D general partner
E advantage
F profit
G capital
H management
I tax benefits
Dialogue
(Two friends Susan and Maurice; are having supper in a
restaurant)
Maurice Haven't seen you for a long time. What have you been busy with?
Susan I've been pretty busy. Do you know my friend
Nora? I went into business with her.
Maurice Really? How is it going on?
Susan Fine, thanks. We get along very well, and the shop
is attracting more and more customers.
Maurice It sounds well. How many partners are there in your
business?
Susan There arc two of us and I am very pleased about it.
I've made a right choice. Nora's background is in
accounting. She is very good at keeping the books.
Maurice And you?
Susan You know I always liked talking. I guess I am rather
good with customers. 1 enjoy selling things.
Maurice Well, it sounds interesting. 1 believe you don't run a
risk in your business.
Susan We haven't had many problems, although 1 suppose
all business can be risky. As partners we are both
liable.
Maurice Did you both put the same amount of money into your business? Do you mind my asking?
Susan No. we didn't invest the same amount of capital. But I think we've combined our resources very well. I think if s good for both of us.
Maurice It seems really so. That is one advantage of general partnership. You can invest less capital than your partner - even no money at all. But you as a partner can contribute important services or skills, sometimes just a name or a reputation.
Susan Indeed.
Maurice How did you arrange to distribute profits and losses?
Susan We share them equally. We hope to be in business
for a long time.
Maurice Nice for you. Now you seem lo know a lot about
business.
Susan Not everything yet but the subject becomes quite
technical.
Maurice I am glad to hear it. It's time lo go now. See you
later. Bye.