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Vocabulary developing

Exercise 10.

The phrases on the left come from the text. Which of the phrases on the right is closest in meaning within the context?

a. monetary savings

 

1. savings in the form of money 2. savings that are consumed 3. savings in the bank.

b. price support subsidies

1. grants of money made to consumers 2. grants of money to decrease losses made in production 3. grants of money made to farmers.

c. staple commodity

1. goods that remain at the same price 2. goods that are of major importance to the economy 3. fruit and vegetables.

Exercise 11.

In the text find the English equivalents for the following:

  1. предметы первой необходимости

2. приносить проценты

3. денежные накопления

4. государственные средства

5. поддержание цен на товары не ниже определенного минимального уровня государством

6. нормирование (продуктов и т. п.)

DISCUSSION

How important is price to you?

When you want to buy something which do you do? Specify the situation, the type of the product for each of your preference:

  1. Not worry about price, just buy what you want.

  2. Make sure you get good value for money.

  3. Spend time looking for the lowest possible price.

UNIT 5

PREVIEW

Exercise 1.

Answer the questions or predict the answers for the questions below:

    1. Do you agree that the world is running out of food?

    2. Are there many one-man shops in your country? What do they sell? What problems do they have?

    3. What sorts of products and services are increasing in price this year? What things are getting cheaper?

    4. What outlets do your prefer to buy goods at (supermarkets, stores, one-man shops)? Give the advantages of buying at your preferred outlet.

    5. Is it possible for an individual to change prices of the goods he wants?

Vocabulary for the texts

trivial adj

1) everyday, ordinary 2) inconsiderable, unimportant, slight

shortage n

lack

breakdown n

1) crisis, depression, collapse, crash; 2) breakup; 3) subdivision

affluence n

1) abundance, plenty; 2) wealth; 3) coincidence

self-sufficiency n

Collocations

- self-sufficiency rate

- economic self-sufficiency

independence, sovereignty

drop n, v

Collocations

- drop in prices

- drop in rate

      1. decline, fall, decrease (n);

      2. to decline, to decrease, to fall (v)

current adj

account for v

failure n

dispute n, v

Collocations

- labour disputes

- heated, sharp dispute

- public dispute

- out of dispute, without dispute

- to arbitrate, resolve, settle a dispute

  1. debate, controversy; 2) quarrel, conflict (n);

  2. to debate, to argue; 2) to maintain, to defend; 3) strive , resist (v)

embargo n

Collocations

- to impose an embargo against/on

- to remove an embargo - trade embargo

- under embargo

impediment , prohibition

supply n, v

Collocations

- food supplies

- to be in short supply

- to replenish supplies

- to store supplies

- abundant supplies

  1. resources, assets (n);

  2. to provide (v)

to starve v

to hunger

encourage v

to promote, to stimulate, to motivate

decline n ,v

  1. drop, fall, decrease (n);

2) to drop, to decrease, to fall (v)

reluctant adj

unwilling

advance n

1) success; 2) progress; 3) improvement; 4) rise (in prices)

benefit n, v

  1. advantage, favour, gain; 2) profit; 3) allowance; 4) dividend (n)

  2. to get advantage (v)

predict v

to forecast

push down v

to cut, to reduce, to diminish

bulk n

Collocations

- bulk buying

- bulk discount

1) mass; 2) majority; 3) volume

READING 1