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I. Reading Exercises:

Exercise 1. Read and memorize using a dictionary:

convert, cease, affect, incentive, demand, via, counterpart, stem from, obvious, by means of, involve, broadly, trade

Exercise 2. Answer the questions:

1) What is productivity determined by?

2) What can firms change?

3) What do productivity studies analyze?

4) How can companies increase productivity?

Exercise 3. Match the left part with the right:

1. A nation's average productivity level can be affected by the movement of resources

a) can produce more than a counterpart who struggles through the day.

2. The most obvious methods involve automation and

b) from low-productivity to high-productivity industries and activities.

3. A comfortable employee, the theory maintains,

c) plants and firms with poor productivity performance cease operation; and as new technologies become available.

4. Average productivity can improve as firms move toward the best available technology;

d) computerization which minimize the tasks that must be performed by employees

Exercise 4. Open brackets choosing the right words:

A change in the price of (inputs/output) might lead a firm to change the mix of inputs used, in order to (increase/reduce) the cost of inputs used, and improve efficiency, without actually increasing the quantity of output relative the quantity of inputs.

The speaking module

II. Speaking Exercises:

Exercise 1. Describe productivity, efficiency, demand, incentive, output

using the suggested words and expressions as in example:

productivity

relative, output, resources, the, production, amount, go, produced, the, to, of, is, amount, into, that, the

example:

Productivity is the amount of output produced relative to the amount of resources that go into the production.

efficiency

output, inputs, value, relative, cost, used, the, of, to, the, is, of

demand

need or desire, people’s, particular, to buy or use, and, services, goods, is

incentive

something, to work, you, harder, that, encourages, new activities, start

output

goods or work, the amount, by a person, produced, factory, machine

Exercise 2. Ask questions to the given answers:

1) Question: ___________________________________________ ?

Answer: Many policy, institutional and cultural factors determine a nation's success in improving productivity.

2) Question: ___________________________________________ ?

Answer: A change in technology, however, might allow a firm to increase output with a given quantity of inputs.

3) Question: ___________________________________________ ?

Answer: A comfortable employee can produce more than a counterpart who struggles through the day.