IV. Translate into English.

6. Коли попит і пропозиція рівні, тобто коли функція пропозиції та функція попиту перетинаються, тоді кажуть, що економіка знаходиться в рівновазі.

7. Питання виробництва, розподілу та споживання вирішують покупці в ринковій економіці.

8. Закон попиту твердить: якщо всі інші фактори лишаються однаковими і ціни на товари вищі, тим менше людей матимуть бажання придбати даний товар.

9. Адміністративно-командна економічна система передбачає контролювання урядом основних секторів економіки.

10. Еластичність змінюється в залежності від продукту, тому що деякі товари більш необхідні для споживання.

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 2

1st year

Variant 7

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

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

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

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

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

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

46. 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.

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

48. 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.

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

50. 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.

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

21. ……. the Jackie Chan film on TV last night?

3. Have you seen b) Did you see c) Had you seen d) Were you seeing

22. I ….. already all of his pictures this year.

3. have seen b) saw c) had seen d) seen

23. How long ago ……. you pass your driving test?

3. have b) do c) did d) were

24. Jim ……. five letters and six e-mails yesterday morning.

3. had typed b) typed c) was typing d) had been typing

25. The biggest event in Tom’s life …… by chance.

3. happened b) had happened c) was happening d) happen

26. He ….. the job last week and ever since then he’s been a very successful actor.

3. had taken b) was taking c) took d) had been taken

27. In 1912, a passenger steamship called Titanic ….. across the Atlantic Ocean from England to America.

3. sail b) had been sailing c) sailed d) was sailing

28. She already …… dinner when her husband came home.

3. cooked b) had cooked c) had been cooking d) was cooking

29. When he was young he …… his bike to school.

3. used to ride b) had been ridden c) riding d) was riding

30. Her fingers ached because she …… the guitar all day.

3. played b) had played c) had been playing d) was playing

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

21. Elvis Presley ……. lots of records (make).

22. When I saw Steve yesterday he was happy because he….. a new job (find).

23. He ……... football when he broke his ankle (play).

24. Anna ….. to get a visa for months before she gave up (try).

25. He got in the car, started the engine and ……. off (drive).

26. She was upset because she ……. to hear from her son for two days (wait).

27. Mary ……. most of the work by the time her boss arrived (finish).

28. They ……..still the plan at midnight (discuss).

29. She ….. the wardrobe ……. out a dress and ….. it on (open/ take/ put).

30. They ………. over the Andes when the storm began (fly).

IV. Translate into English.

11. Попит та пропозиція є одними з найбільш фундаментальних понять економіки та основою ринкової економіки.

12. Якщо уряд володіє та керує багатьма державними галузями промисловості, але дозволяє особам мати бізнес, включаючи магазини, ферми, заводи, тоді така економічна система називається соціалізм.

13. В реальному ринку рівновага може досягатися в теорії, отже ціни на товари чи послуги постійно змінюються відповідно до коливань попиту та пропозиції.

14. Немає жодної країни, що має чисту економічну систему, яка на 100 відсотків є ринковою, плановою чи традиційною.

15. Попит і пропозиція не означають кількість товарів чи послуг фактично проданих чи куплених.