III. Match each of the words on the left with an appropriate explanation on the right

1.willing a) managed by the government

2. obliged b)unchanging

3. constant c) very strict or cruel

4. state-run d) prepared to do

5. severe e)has to

6.punctual f) encourage other people to work well

7. motivating g) spend a lot of time doing a good job

8. ambitious h) want to reach the top in their career

9. sociable i) like to be on time

10.hard-working j) like to spend time with other people

Оформите ваши ответы в данной таблице:

                   
                   

IV. Complete the sentences (1-10) with the most suitable preposition (a-j):a)in b) into c)for d)with e)at f)on g)in h) out of i)from j) to.

1. This style was very popular ______ the 1970's.

2. I've never visited Britain ________ business, only on holiday.
3. While I was abroad I nearly ran _______ money.
4. Their products range_______ paints to pens and stationery.
5. According_______ him she's angry with you.
6. Our accountant is very good _______ maths.

7. Companies conduct research _______people`s buying habits.

8. Our visitors arrive ______two hours time.

9. I`m a team-player and I get on well ______others. 10. Jane has worked ______Coca-Cola for two years.

Оформите ваши ответы в данной таблице:

                   
                   

 

V. КОПРы: Simple, Continuous (Progressive), Perfect. Complete the sentences (1-6) with the appropriate forms of the verbs (a-f): a) has fallen b) decreased c) attends d) are attracting e) was talking f) began.

1. The construction of the airport ______in the 1950s.

2. Our distributor called while I __________________________ to Jim.

3. Free-trade zones ________the service sector.

4. Mister Brown never ________ a meeting. He always sends me.

5. Spending on household equipment __________slightly after 1998.

6. The price of soft drinks _________recently.

Оформите ваши ответы в данной таблице:

           
           

VI. Make the adjectives or adverbs in the box comparative. Then complete the sentences.

a) large b) long c) slow

1. People expect quality goods to last ……..than other goods.

2. Variable costs can rise at a much ……… rate than production.

3. If one company has a ……… share than any other, it can affect price.

Оформите ваши ответы в данной таблице:

     
     

 

VII. Read and translate the text. Write down your translation of the third paragraph.

Price and value

1. Prices are the quantity of payment given by one party to another in return for goods or services. Economics theory says that in a free market economy the market price reflects interaction between supply and demand. In turn these quantities are determined by the marginal utility of the asset to different buyers and to different sellers. In reality, the price is depended by other factors, such as tax and other government regulations.

2. Price is not the same thing as value. Things are ‘valuable’ because people think they are, and for no other reason. The ‘value’ which an individual places on a commodity can’t be measured; its value will be different for different people. The economist is interested only in ‘value in exchange’. The economic worth of value of a good can only be measured in some kind of market transaction which reveals the value of the good in terms of what is offered in exchange for it. Nowadays practically all exchanges represent an exchange of goods and services for money and prices in terms of money are the market value of the things.

3. Although prices could be quoted as quantities of other goods or services this sort of barter exchange is rarely seen. Prices arise in exchange transactions. Any effective arrangement for bringing buyers and sellers into contact with one another is defined as a market. Face to face contact between buyers and sellers is not a requirement for a market to be able to operate efficiently. In the foreign exchange market, buyers and sellers are separated by thousands of miles.

VIII. Answer the questions:

1. What does the market price reflect?

2. Why are things ‘valuable’?

3. Where do prices arise?

 

Variant VIII

I. Complete the sentences (1- 9) with the words (a-i):


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