1. Say whether these statements true (t) or false (f), and if they are false say why.

1. Private property in a capitalist state is reduced to a minimum.

2. There are no limits on land, mineral resources and capital.

3. The market economy dominates in socialist economic system.

4. Central planning by the State is an essential part of the socialist system.

5. The central authority decides on the quantity, quality, price and place of sale of any commodity.

6. The central authority is responsible for the economy but is not concerned with methods of production.

7. Individuals are free to set up their business in command economy.

8. Command economy is concerned with the needs of the private individual.

9. Collective needs are more important in a socialist state than the needs of the individual.

2. Look through the text again and give Ukrainian/Russian equivalents to the following English words and word combinations:

To be limited to smth, private property, central planning, to organize effort, central authority, to charge a price for smth., to require, to plan over, quantity, methods of production, ownership, to be responsible for, feature, to prevail, business venture.

3. Give English equivalents to the following words and word combinations from the text:

Якість, держава, необмежена влада, розподіляти, виголошувати, приватне підприємство, належати до, дозволяти, засоби виробництва, мати відношення до, підпорядковуватися, ділянка, приватне майно, споживач, дохід.

4. Match the words from column a with the words from column b:

A B

P rivate	possessions
organize	a price for
personal	authority
charge	efforts
central	of production
means	property

5. In each of the sentences a word is missing. Provide a word or word combinations from the text:

1. All … have to solve the same problems.

2. In market economy countries people are … to set up their business.

3. Countries have limited amounts of land, …, … .

4. Private … of the means of production is the main feature of the market economy.

5. Citizens … a wide range of services and products.

6. A … economy state provides its citizens with all the necessities.

7. In the command economy the government decides how to … goods and services.

6.a Change the listed adjectives into adverbs (ly or - ally as necessary)

a) usual e) clear h) systematic

b) regular f) scientific i) careful

c) considerable g) complete j) rapid

d) probable

6.B Complete the following sentences with these adverbs:

1. The new government worked … to change the laws.

2. The central authority … controls the quality of goods.

3. The State … plans the economic effort of its citizens.

4. The economic system changed … over the thirty year period.

5. Work in economics always should be done … .

6. Their economic system is … capitalistic.

7. The employers will … discuss the use of new machines in the factory.

8. The city has changed … in the last few years.

9. These men work … from nine o’clock till five every day.