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  1. Skim the text to answer the questions.

  1. What was the dilemma for the British economy to face after the World Word II?

  2. Why did neither economic system fit Britain’s needs?

  3. How did ordinary people feel about the economic decline of the country?

  4. Why did Edward Heath make his gloomy predicition in 1973?

  5. Who had enough will and power to eventually change the situation?

  6. Speak about the reforms which were undertaken in Britain in the late 1970s and early 1980s.

  7. The reforms improved the economic situation in the UK, didn’t they?

  1. Find in the text the antonyms for the following words:

Finding

Decline

Nervous

Decrease

To worsen

To stick to

supply

  1. Fill in the gaps with the words and expressions from the text:

  1. Britain found it increasingly difficult to … its position even in Europe.

  2. The latter promised greater economic … at the cost of … and … for the less able in society.

  3. But in the years of world-wide … , 1974-79, Britain seemed unable to improve its performance.

  4. They were determined to lower … as an incentive to individuals and businesses to increase … .

  5. We must recognise that high public … , as a proportion of … very quickly kills growth.

  6. The Conservatives … their new ideas into practice.

  7. Britain struggled to find a … .

  8. The alternative is … , dangerous roads, old factories, cramped schools, stunted lives.

  9. The former seemed … between two different objectives.

  10. Every penny they take is from the … sector of the economy.

  1. Find in the text English equivalents for the following:

Стремительный

Рыночный

безработица

соперник

налог

Позволить себе

Производственный сектор

Цель

Стимул

Производительность труда

  1. Translate into Russian:

Government intervention

Fit the needs

Full employment

To be reluctant

Painful adjustments

To divert attention

To improve performance

To stimulate demand

Money supply

Public spending

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