- •U n I t 9
- •Reading drills
- •1. Practise the pronunciation of the following words:
- •Comments
- •Vocabulary exercises
- •I. Name the word-building elements and the part of speech of each word:
- •II. Find equivalents:
- •III. Match the synonyms:
- •IV. Match the antonyms:
- •V. Fill in the blanks with prepositions or adverbs if necessary:
- •VI. Complete the following sentences:
- •VII. Match each term in Column a with its definition in Column b:
- •VIII. Define which of the following items best completes
- •X. Translate into English:
- •Reading drills
- •1. Practise the pronunciation of the following words:
- •Comments
- •Vocabulary exercises
- •I. Use the correct word in the sentences. Change the form
- •II. Give the Ukrainian equivalents for the following words and
- •V. Answer the following questions:
- •Reading drills
- •1. Practise the pronunciation of the following words:
- •Comments
- •Vocabulary exercises
- •I. Find single words in the text for which the following words could
- •II. Say whether these statements are true or false and if they are
- •III. Change the following sentences as in the pattern:
- •1. Monopolies are permitted in public utilities because in these industries
- •2. Which of the following firms will have the greatest freedom in
- •3. A merger results when
- •V. Punctuate the following passage. Provide capital letters,
- •VI. Answer the following questions:
- •Communicative situations
- •Grammar exercises Modal Verbs and their Equivalents Modal Verbs: can; could; be able to
- •I. Complete the sentences according to the pattern:
- •II. Ask your groupmate:
- •III. Make the following sentences interrogative and negative:
- •IV. Give short and full answers:
- •Modal Verbs: may; might
- •Modal Verbs: must; be to; have to; have got to
- •XX. Complete the following situation, using «be to»
- •XXI. Translate into English:
- •Modal Verbs: should; ought to
- •XXII. Translate into Ukrainian:
- •XXIII. Change the sentences using the verbs should or ought:
- •XXIV. Put «to» where necessary:
- •XXV. Translate into English:
- •Indefinite Pronoun: one. Indefinite-Personal Sentences
- •XXVI. Paraphrase the sentences using the indefinite pronoun one:
- •XXVII. Translate the sentences and define the function of «one»:
- •XXVIII. Translate into Ukrainian:
- •XXIX. Translate into English:
- •XXX. Memorize the following proverbs. Translate them into
- •Exercises for individual work
- •I. Insert may or might:
- •II. Insert can, could or be able to:
- •III. Change the sentences into the Past and Future Indefinite:
- •IV. Insert must or the present, future, or past form of have to:
- •V. Insert must not or need not:
- •VI. Put «to» where necessary:
- •VII. Insert one(s) or one’s:
- •VIII. Translate into English:
VI. Complete the following sentences:
1. Economists classify markets according ... . 2. They ask questions like the following ... . 3. The answer to these questions helps ... . 4. One market may be highly competitive because ... . 5. Another may be less competitive ... . 6. In short, markets can be classified according to ... . 7. Economists have names for these different market structures ... . 8. Pure competition is a market situation ... . 9. To monopolize means ... . 10. The one thing that separates monopolistic competition from pure competition is ... .
VII. Match each term in Column a with its definition in Column b:
Column A Column B
1. monopoly |
a. The process of creating uniqueness in a product. |
2. oligopoly |
b. A market dominated by a few large firms. |
3. pure competition |
c. A market in which there is only one seller. |
4. monopolistic competition |
d. Place where buyers and sellers come together. |
5. product differentiation |
e. The price at which supply exactly equals demand. |
6. competition |
f. A market situation in which there are many independent and well-informed buyers and sellers of exactly the same economic products. |
7. market |
g. The rivalry among buyers and sellers in the purchase and sale of resources and products. |
8. market price |
h. A market in which many firms are selling similar (but not identical) products. |
VIII. Define which of the following items best completes
the statement:
1. A competitive market
a. has many buyers and sellers.
b. is dominated by a few large firms.
c. is regulated by the government.
d. includes monopolies and oligopolies.
2. A market with a few large firms is called
a. a monopoly.
b. pure competition.
c. an oligopoly.
d. monopolistic competition.
3. Competition in the marketplace is important because it
a. limits the effects of supply and demand.
b. eliminates the profit motive.
c. gives producers the incentive to be efficient.
d. creates a market where producers can control prices.
4. The American government
a. is not involved in influencing markets.
b. regulates various aspects of business activity.
c. owns most US businesses.
d. does not produce any goods and services.
5. Which of the following best explains why certain industries are
dominated by large firms?
a. Large firms are always more efficient than small ones.
b. The American people have lost faith in the competitive market system.
c. Patent laws are easily ignored.
d. Only large firms can afford the necessary factories and equipment.
IX. Ask someone:
if markets can be classified according to certain structural characteristics that are shared by most firms in the market; each buyer or seller acts independently in the market; a firm may try to attract more customers and take over the economic market;
what questions economists ask; helps to determine market structure, or the nature and degree of competition among firms operating in the same market; is the difference between highly and less competitive market; names the economists have for different market structures; is pure competition; they depend on; «to monopolize» means; situation is called monopolistic competition; separates monopolistic competition from pure competition; may be the difference among the products;
when the price may be raised a little above the market price;
how economists classify markets.