Task 2. Match each of the words or phrases on the left to an appropriate definition

1 application i	a) the speed at which a worker or a company or a country produces goods, and the amount produced, compared with how much time, work and money is needed to produce them
2 chief executive officer h	b) the group of people who work for a particular company
3 distribution j	c) a detailed and careful study of sth to find out more information about it
4 human resources f	d) the state of having a paid job
5 employment d	e) the number of hours in the week that you spend doing your job
6 productivitya	f) the department in a company that deals with employing and training people
7 working hours e	g) the money that you have to pay to the government so that it can provide public services
8 taxg	h) the person with the highest position in a company or an organization
9 staff b	i) a formal written request, especially for a job or a place in a school, club, etc.
10 researchc	j) 1) the act of transporting and delivering goods to clients 2) the department in a company that is responsible for transporting and delivering goods to clients

Task 3. Fill in the blanks using the word combinations given below, translate the letter.

Letter 1.

I wanted ( d ) to thank you for the excellent job you did in arranging financing for our project. We ( f ) you made yourself available for discussion seven days a week. We were impressed by your thorough knowledge of financing and investment banking.

( a ) with our new financial institution for about a week now. The advantages of association with this institution are ( b ). I feel as though we have taken a quantum leap forward in progress.

I ( c ) to retain your services again and ( e ) to any company seeking the best representation.

a) we have been dealing

b) already apparent

c) would not hesitate

d) to take this opportunity

e) to recommend your firm

f) appreciate the fact that

Letter 2.

( b ) on Friday I have given much thought to the equipment we need in the Art Education Department. Our art equipment is basic and ( e ) teaching some new techniques that will “enhance student learning.” We need to purchase ( c ) to learn about graphic designing. ( f ) a list of ( d ) and a floor plan sketch showing the layout of my room after the installation of the ( a ).

a) several new computers and programs

b) following our meeting

c) new equipment

d) needed computer-related equipment

e) I would like to start

f) attached is

Task 4. Choose the correct variant.

1. A wholesaler does not deal with …, he deals with a retailer.

a) a seller

b) a man

c) a customer

d) a distributor

2.The department store gives a 30% … on all Chinese shoes.

a) offer

b) discount

c) rate

d) sale

3.The wholesaler is an … link between a producer and a consumer.

a) more important

b) important

c) most important

d) less important

4. There … different channels of distribution helping to bring goods to the market now.

a) is

b) were

c) are

d) have been

5.The work … two days ago.

a) was done

b) will be done

c) were done

d) has been done

6. We … this bank account any more.

a) don’t want

b) won’t want

c) doesn’t want

d) haven’t wanted

7.Consumers … do business only with online retailers who are certified safe.

a) don’t have to

b) needn’t

c) are to

d) should

8) If we came down in salary, … you be prepared to increase our health benefits?

a) would

b) are

c) will

d) would have

9. They will cut our holiday allowance, as long as we… on overtime.

a) will insist

b) insist

c) insisted

d) would insist

10. I would appreciate… from you soon.

a) hear

2) hearing

c) heard

d) having heard

LESSON 2

Task 1. Complete the text with the words in the box.

1. to transfer	5. Interest rates	9.Government activities	13. aggregate demand	17. consumption behavior
2. estimate	6. government taxes	10. fluctuates	14. spending	18. decisions
3. occur	7. uncertainty	11. real output	15. expenditure	19. the existing capital
4. productive resources	8. firms or individuals	12. consumption	16. useful concepts	20. income