- •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:
V. Answer the following questions:
1. What was a market originally? 2. What is a modern market? 3. What does competition influence? 4. What three things cause prices to fluctuate? 5. When is a market created? 6. What three means are mentioned by which buyers and sellers can communicate if they don’t meet in person? 7. What price operates in a perfect market? 8. What does the ruling price indicate?
Reading drills
1. Practise the pronunciation of the following words:
a) stress the first syllable:
perfect, numerous, planning, government, cornering, operate, company, postal, limited, practice, transport, circumstance, ownership, legal, merger;
b) stress the second syllable:
although, available, monopoly, monopolize, distinguish, variety, control, commodity, authority, permit, inventor, producer, arrangement, comparatively, distinct, complete, canal, obtain, illegal, restrict.
Text C
Although in a perfect market1 competition is unrestricted and sellers are numerous, free competition2 and large numbers of sellers are not always available in the real world. In some markets there may only be one seller or a very limited number of sellers. Such a situation is called a monopoly, and may arise from a variety of different causes. It is possible to distinguish in practice four kinds of monopoly.
State planning and central control of the economy often mean that a state government has the monopoly of important goods and services. Some countries have state monopolies in basic commodities like steel and transport, while other countries have monopolies in such comparatively unimportant commodities as matches. Most national authorities monopolize the postal services within their borders.
A different kind of monopoly arises when a country, through geographical and geological circumstances, has control over major natural resources or important services, as for example with Canadian nickel and the Egyptian ownership of the Suez Canal. Such monopolies can be called natural monopolies3.
They are very different from legal monopolies, where the law of a country permits certain producers, authors and inventors a full monopoly over the sale of their own products.
These three types of monopoly are distinct from the sole trading opportunities which take place because certain companies have obtained complete control over particular commodities. This action is often called «cornering the market»4 and is illegal in many countries. In the USA anti-trust laws operate to restrict such activities, while in Britain the Monopolies Commission examines all special arrangements and mergers5 which might lead to undesirable monopolies.
Comments
1. perfect market — досконалий (немонополістичний) ринок
2. free competition — вільна конкуренція
3. natural monopoly — природна монополія
4. cornering the market — спекулятивне контролювання ринку
5. merger — амер. об’єднання, злиття (підприємств тощо)
Vocabulary exercises
I. Find single words in the text for which the following words could
be substituted:
though, unlimited, many, restricted, appear, reasons, separate out, types, essential, as, relatively, non-essential goods, frontiers, condition, main, allows, manufacturers, selling, categories, differ, commercial, have got, full, unlawful, serve, to limit, studies, amalgamations, unwanted.