Use the word given in capitals at the end of each line to form a word that fits in the space in the same line. There is an example at the beginning.

Society has to find some way what, how, and for whom to produce. (0) Western economies rely heavily on markets and prices to allocate resources between uses. A market is a set of (1) ____________________ by which buyers and sellers are in contact to exchange goods and services. There are different kinds of markets. But they perform the same (2) __________________ function. They determine prices that ensure (обеспечивать) that the quantity people wish to buy equals the quantity people wish to sell. Price and quantity cannot be considered (3) _____________________. The essencial feature of a model of a (4) _____________ market are demand, the behavior of buyers, and supply, the behavior of sellers. The (5) ________________ of these forces demonstrates how a market works in (6) __________.

WEST     ARRANGE     ECONOMY   SEPARATE TYPE     INTERACT IMPRACTICAL

 

Adjectives can be formed by combining two words, for example long term (para 1). These adjectives are hyphenated only when they come before a noun.

Complete the phrases below, using words from A and B. There is sometimes more than one correct answer, and some words may be used more than once.

A	B
environmentally	fashioned
old	term
short	budget
low	known
well	friendly
high	level
user	trained

 

 

a.	environmentally	friendly	packaging
b.	______________	______________	typewriter
c.	______________	______________	opportunities
d.	______________	______________	advertising
e.	______________	______________	personality
f.	______________	______________	decision-making
g.	______________	______________	software
h.	______________	______________	staff

 

11. Match the economic terms (1-10) to their definitions (a-j):

1	interest rate	a	total value of goods and services produced in a country
2	exchange rate	b	general increase in prices
3	inflation rate	c	cost of borrowing money
4	tax incentives	d	price at which one currency can buy another
5	labour force	e	percentage of people without jobs
6	government bureaucracy	f	people working
7	gross domestic product	g	low taxes to encourage business activity
8	unemployment rate	h	money from overseas
9	foreign investment	i	official rules / regulations
10	balance of trade	j	difference in value between a country’s imports and exports

 

 

TESTS

Give translation to the following words: supply

1. производство

2. успех

3. предложение, поставка

4. занятие

5. конкуренция

Give translation to the following words: decision-making process

1. процесс подготовки поставок

2. процедура проведения заседания

3. поставка товара

4. поставка товара по договору         

5. процесс принятия решения

Give translation to the following words: auctioneer

1. аукцион

2. частный долг

3. обязательство (долговое)

4. аукционер

5. платеж

Give translation to the following words: demand

1. предложение

2. спрос

3. оплата

4. производство

5. долг

Give translation to the following words: currency

1. издержки

2. предложение

3. рост

4. чек

5. валюта

Give translation to the following words: schedule

1. налог

2. дефицит

3. разрешение

4. график

5. таблица

Give translation to the following words: amount

1. равно

2. количество

3. размер

4. около

5. близко

Give translation to the following words: quantity demanded

1. бюджет

2. долг

3. деньги

4. рост производства

5. величина спроса

Give translation to the following words: inverse relationship

1. экономические взаимоотношения

2. экономические проблемы

3. экономические затраты

4. обратная пропорция

5. обратная зависимость

Give translation to the following words: quantity supplied

1. размер прибыли

2. величина предложения

3. размер снабжения  

4. величина доступа

5. качество снабжения

Give translation to the following words: bargaining

1. окончание переговоров

2. начало переговоров

3. снабжение  

4. ведение переговоров

5. снабжение