Task 2. Match each of the words or phrases on the left to an appropriate definition
| 1 capitald | a) something that you have done successfully, especially through hard work or skill |
| 2 co-operation f | b) things that are for sale |
| 3 entrepreneur j | c) the money that you pay for borrowing money from a bank, etc. or the money that you earn when you keep money in a bank |
| 4 interest c | d) a large amount of money that is invested or is used to start a business |
| 5 market share i | e) a business organization that sells goods or services |
| 6 reward g | f) the fact of doing sth or working together with sb else to achieve sth |
| 7 subsidiary h | g) a thing that you are given because you have done sth good, worked hard, etc. |
| 8 achievement a | h) a business company that belongs to and is controlled by another larger company |
| 9 company e | i) the amount that a company sells of its products or services compared with other companies selling the same things |
| 10 goods b | j) a person who makes money by starting or running businesses, especially when he/she has to take financial risks |
Task 3. Fill in the blanks using the word combinations given below, translate the letter.
Letter 1.
Please sign and return one copy of each of these documents and ( d ) for your reference.
You will be expected ( f ) on your first day at Snowflake Productions. A copy of the programme ( a ).
( c ) meeting you again soon and ( b ) you will be very happy in ( e ).
a) is enclosed
b) hope that
c) I look forward to
d) keep the duplicate copies
e) your new post
f) to attend an induction course
Letter 2.
Thank you for calling this morning ( c ) to Singapore next month. ( d ) you for offering to meet me at the airport and drive me to my hotel.
I will be arriving on flight SQ101 ( a ) at 1830 hours. Accommodation ( f ) for me at the Supreme International Hotel, Scotts Road.
I will be travelling up to Kuala Lumpur on Sunday 14 July on MH989 ( e ) from Singapore Changi Airport Terminal 2 at1545 hours.
I look forward to ( b ).
a) on Monday 8 July
b) meeting you
c) regarding my trip
d) I am very grateful to
e) which departs
f) has been arranged
Task 4. Choose the correct variant.
1.The project was finished, but it wasn’t ….
a) done
b) made
c) completed
d) maximized
2.If you are …, you are your own boss.
a) satisfied
b) self-employed
s) well-bred
d) appreciated
3. It seemed a waste of money to buy anything but ….
a) the worst
b) the best
c) good
d) bad
4. Our management demands that a receptionist … always be on the spot.
a) can
b) is able to
c) could
d) should
5. Read the instructions before you … on the device.
a) will switch
b) switched
c) switch
d) has switched
6.Could you tell me what the responsibilities of the job…?
a) is
b) was
c) be
d) are
7. Try … the problem in person with him.
a) solve
b) solving
c) to solve
d) to be solving
8.When the supervisor asked her about her career plans, she … anything.
a) doesn’t say
b) didn’t say
c) won’t say
d) hasn’t said
9.What would you do, if you … a million?
a) won
b) win
c) has won
d) had won
10. I wish I … a child.
a) am
b) was
c) will be
d) were
LESSON 5
Task 1. Complete the text with the words in the box.
| 1. to make choices | 5. the micro | 9. available | 13. productive resources | 17. to borrow |
| 2. economic forces | 6. consumers | 10. money | 14. to economize | 18. methods |
| 3. scarce resources | 7. scarcity | 11. unlimited | 15. the creation | 19. income |
| 4. production | 8. rent | 12. wages | 16. limited | 20. career |
Economic Forces
Human wants are ( 11 ), but the resources necessary to satisfy those wants are
( 16 ). Thus, every society is faced with the identical problem, the problem of ( 7 ). Since there is not enough of everything to go around, everyone — individuals, business firms, and government — needs ( 1 ) from among the things they want. In the process they will try ( 14 ), to get the most from what they have. With this in mind we can define economics as the social science that describes and analyzes choices from among ( 3 ) to satisfy its wants. The need to choose is imposed on us by our ( 7 ), wealth and ability ( 17 ).
The food you eat, the home you live in, the clothes you wear, and the way you spend your leisure time are all affected, in part, by ( 2 ). The study of economics will help you to live a fuller life. Economic forces also affect decisions in the world of business. The more you know about the subject, the better ( 20 ) decisions you will be able to make.
Since that time economists have developed methods for studying and explaining how individuals, business and nations use their ( 9 ) economic resources. Large corporations use economists to study the way they do business and to suggest ( 18 ) for making more efficient use of their employees, equipment, factories, and other resources. Economists have two ways of looking at economics and the economy. One is macro approach, and the other is ( 5 ).
Macroeconomics is the study of the economy as a whole. Microeconomics is the study of individual ( 6 ) and the business firm. The resources that go into the creation of goods and services are called the factors of ( 4 ).
The factors of production include natural resources, human resources, capital and land. The price paid for the use of land is called ( 8 ). Rent becomes income to the owner of the land. Economists call the physical and mental effort that people put into
( 15 ) of goods and services labor or human resources.
The price paid for the use of labor is called ( 12 ). Wages represent income to workers, who own their labour. Capital is something created by people to produce other goods and services. A factory, tools and machines are capital resources. The term capital is often used by business people to refer to ( 10 ) they can use to buy factories, machinery and other similar ( 13 ).