IV. Translate into English.

1. Командна економіка може швидко змінювати напрямок за досить короткий час.

2. Споживачі люблять купувати товари високої якості за низькими цінами.

3. Однією з основних переваг ринкової економіки є те, що вона дає свободу всім, хто є на ринку.

4. Ринкова рівновага на ринку трохи змінюється відносно до змін ринкових сил на ринку.

5. Можливість мати замінники на ринку є найбільш важливим фактором, що впливає на еластичність товарів та послуг.

Затверджено на засіданні кафедри

протокол № 8 від “28 ” квітня 2014 р.

Зав. кафедри __________ Друзь Ю.М. Викладач___________

Київський національний економічний університет

Кафедра іноземних мов факультету управління персоналом та маркетингу

Module

1st year

Variant 3

І. Write the appropriate key terms for the following definitions.

11. An economic system that allocates scarce resources according to customs; change and growth are very slow; people do what their parents did before them; and most goods are produced and consumed locally.

12. A curve showing the amount that firms in an industry are willing to supply at each possible price.

13. A limit to the supply of produc­tive resources or consumer goods in relation to producers' or consumers' demand for them.

14. An economy in which both publicly and privately owned enterprises operate simultaneously.

15. An economic system in which the main decisions regarding production, distribution, and exchange are made by the market, i.e. by the forces of supply and demand.

16. The situation when supply and demand in a market are equal at the prevailing price.

17. A market that operates under conditions of perfect competition.

18. The level of demand that represents a real intention to purchase by people with the means to pay.

19. A consumer's willingness and ability to buy a product or service; the quantity of a commodity or service wanted at a specified price and time.

20. An economic system in which the activities of firms and the allocation of productive resources are determined by government direction rather than market forces.

II. Choose the correct variant - A, B, C or D - to complete the following sentences.

1. They ……… for three hours when they stopped for a rest.

1. have been driving b) had been driving c) drive d) were driving

2. Dad ………. to work by the time I woke up.

1. is going b) has already gone c)had already gone d) went

3. Tom ……….. with Helen yesterday.

1. didn't dance b) haven’t danced c) hadn’t been dancing d) hadn’t danced

4. This time yesterday the Time Traveller ……… to a group of his friends about the problem of travelling in time.

a)was talking b) had been talking c) talked d) had talked

5. She ………….. for three hours when we returned.

a) slept b) had been sleeping c) was sleeping d) had slept

6. He felt tired when he came home as he ……….. football.

a) had been playing b) played c) was playing d) had played

7. There ……….. a garden in front of the house, now you can see a restaurant in its place.

a) used to be b) had been c) has been d) was being

8. The house was dirty. We ………… it for weeks.

a) didn’t cleaned b) weren’t cleaning c) hadn't cleaned d) hadn’t been cleaned

9. When I came back to a cave I saw that Bill …………with his back to the wall.

a) was standing b) had been standing c) stood d) had stood.

10. I last ………. Jill over three years ago.

a) used to see b) have seen c) had seen d) saw

ІII. Fill in the gaps with the appropriate form of the word in brackets.

1. They ……….. on the beach when it started to rain (play).

2. She ………. the exam last year (take).

3. By the time I arrived, the lesson (already/start).

4. We …….. on the platform for an hour when the train came (stand).

5. When do you finish your work? – Actually, I …… it yesterday (finish).

6. Did you go out for dinner last night? – No, I …… a lot at lunch, so I wasn’t hungry (eat).

7. Where is Tim? – He ……. on the phone when I saw him (talk).

8. Are you going to the gym tonight? – No, I …….. there yesterday (go).

9. Did John arrive on time? – No, we ….. for an hour before he arrived (wait).

10. Did you enjoy your holiday? – Yes, we …….. in a fabulous hotel (stay).