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III. Ask questions to the following sentences using the Past Indefinite Tense

1. Each factor of production had a place in our economic system, and each had a particular function. 2. Price stability referred to times during which prices remained constant. 3. A budget was a financial plan that summarized income and expenditure over a period of time. 4. Saving was one of the most important things that people did with their incomes. 5. Economic forces also affected decisions in the world of business. 6. The United States government also employed economists to study economic problems and suggested way to solve them. 7. Consumers were people who used goods and services to satisfy their wants.

IV. Translate into English.

1.В багатьох країнах світу вважають професію бухгалтера однією з найважливіших, так як вона сприяє економічному росту країни. Розвиток сучасної економіки почався в 17 столітті. 3. Великі компанії користувалися послугами економістів для вивчення шляхів керування бізнесом. 4. Одна з проблем з якою стикається бухгалтер – вибір та презентація важливої інформації.5. А.Сміт в своїй книзі описав основні елементи економіки.

V. Read and dramatize the following dialogue

A: Did the play have a happy ending?

B: Yes, everybody was happy when it ended.

A: A telegram from George, dear.

B: Well, did he pass the examination this time?

A: No, but he is almost at the top of the list of those who failed.

****

Receptionist: Good afternoon, sir

Mr. Hunt: Good afternoon. Is this the Beardsley Hotel?

Receptionist: Yes, this is Beardsley.

Mr. Hunt: Good. I’m Mr. Hunt. We have got a reservation.

Receptionist: Just a minute, please…. Yes, you’ve got a reservation. It’s for five people. It’s for three weeks. Three single rooms, number six and seven. One single room, number nine.

Mr. Hunt: Where are the rooms?

Receptionist: On the second floor.

Lesson 3.

Replace the infinitive in the brackets by the Present Continuous Tense.

1. The whole month the complexity of economic activity gradually (to grow)

2. At present young people (to raise) the prestige to study of accounting.

3. Studying the time and resources that go into production, you (to analyze) productivity. 4. All agree that they (to set) the new program now. 5. Employers (to employ) the optimum number of workers. 6. Several respondents stated that inadequate computer skill (to become) more noticeable as the demand for computer knowledge grows.

II. Put questions to the italicized words:

1. During this period the poll is conducting in the USA. 2. Students are writing the concise report now. 3. Many respondents are indicating the lack of self- motivation and enthusiasm. 4. Steps to restore full employment are increasing. 5. The value of accountancy programs are reviewing. 6. A population is growing now at a fast rate than production in the country.

III. Make your own dialogue using the following word and word-combinations

Accounting personnel. To range

To attract. Computer skill

Urgent task. Graduates

Economic activity.