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 5

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

1. Buying behavior of a household.

2. The correlation between price and how a good or service is supplied at the market.

3. The higher the price is the less people will demand goods.

4. When demand and supply reach a sort of compromise on the prices of goods sold at the market.

5. The higher the price is the higher is the quantity of goods supplied.

6. Goods that satisfy the same set of goals or preferences.

7. Economy that discourages new ideas and even punishes for breaking traditions.

8. Economy that has a huge decision making bureaucracy.

9. The opposite of a substitute.

10. Economy which has a lot of independent buyers and sellers at the market.

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

2. Many years ago people like polar eskimo ________ (to live) as their ancestors lived.

A had been living B were living C had lived D lived

2. The economy of the USSR _______ (to work) for years and had been planned by the central authorities before it stopped to exist.

A had worked B worked C had been working D was working

3. The market _______ (to determine) the prices before the tender started.

A determined B had determined C was determining D had been determining

4. They ________ (to buy) a certain amount of goods a week ago.

A bought B had been buying C had bought D were buying

5. The buyers ________ (to purchase) the households by the end of sale.

A bought B had been buying C were buying D had bought

6. The state _____ (to allocate) the resources for a certain period of time before the crisis started.

A had allocated B was allocating C had been allocating D allocated

7. The prices ________ (to raise) sharply when we moved to America at that time.

A were moving B moved C had been moving D had moved

8. The firms ______ (to reach) the compromise lately.

A reached B were reaching C reached D have reached

9. These suppliers _______ (to sell) all their goods at the moment.

A had sold B are selling C sold D were selling

10. This corporation ________ (to produce) the substitutes before they started to sell their original goods.

A had produced B were producing C had been producing D produced

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

11. Amanda… (to miss) the train to work yesterday morning.

12. Ian… (to sleep) while I was talking to him.

13. The manager … (to eat) a lot of heavy business lunches for the last few weeks. That’s why he gained so much weight.

14. Soams …. (to clean) the house before his family arrived.

15. The dogs … (to bark) all the night yesterday.

16. While Kevin …. (to cheat) the test his group mate was thinking over the tasks.

17. They … (to look for) this house for an hour before they found it.

18. The economists … (to explain) the theory before we wrote it.

19. The room was full of smoke when we … (to enter). Somebody … (to smoke).

20. What ... you ... (to do) at this time yesterday afternoon?

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.