- •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:
II. Say whether these statements are true or false and if they are
false say why:
1. Free competition and large numbers of sellers are always available in the real world. 2. Monopoly describes a market in which there is only one seller or a very limited number of sellers. 3. In economic theory there are four kinds of monopoly. 4. States always monopolize important basic commodities. 5. Egyptian nickel is a good example of natural monopoly. 6. Cornering the market is quite legal in the USA. 7. The Monopolies Commission consider that it is undesirable to restrict business mergers.
III. Change the following sentences as in the pattern:
Pattern: In some markets there may only be one seller.
A situation like this is called a monopoly.
A situation of this kind is called a monopoly.
1. In some countries there are both private and public sectors. An economic system like this is known as a mixed economy. 2. In some countries production is a matter of private enterprise. A situation like this is called capitalism. 3. For some people investment in new business enterprises is not too great a risk. People like these sometimes make considerable profits but on other occasions can lose much of their capital. 4. In most markets it isn’t necessary for buyers and sellers to meet in particular localities. Markets like these are quite different from the marketplaces of ancient towns.
Define which of the following items best completes
the statement:
1. Monopolies are permitted in public utilities because in these industries
a. regulation is relatively easy.
b. competition might be harmful to the public interest.
c. utilities receive financial assistance from the government.
d. utilities are very large firms.
2. Which of the following firms will have the greatest freedom in
setting the price of its products?
a. One of three companies in an industry.
b. The only producer of a product with many substitutes.
c. The only producer of a product with no substitutes.
d. One of 300 firms in an industry.
3. A merger results when
a. two or more firms combine to form a single corporation.
b. a firm undergoes vast, internal expansion.
c. the stock of a corporation is traded on several stock exchanges.
d. a large firm goes out of business.
V. Punctuate the following passage. Provide capital letters,
commas, full stops, brackets, colons etc., where applicable:
monopolies and similar arrangements may be referred in britain to the monopolies commission between 1948 and 1966 the commission presented some twenty six reports the government in 1965 passed a special act called the monopolies and mergers act which reorganized and enlarged the monopolies commission it provides for the investigation of services and mergers especially newspaper mergers and improves and extends the governments powers for taking action the action of the government is based on the monopolies commissions reports
VI. Answer the following questions:
1. What is a monopoly? 2. What are the first three kinds of monopoly? 3. What examples of important state monopolies are given? 4. What monopoly are Canadian nickel and the Suez Canal examples of? 5. What are certain inventors permitted by law to have? 6. What word in the last paragraph shows that the fourth type of monopoly is quite distinct from the other three? 7. What happens when certain companies obtain complete control over particular commodities? 8. What do the Americans call their anti-monopoly laws? 9. What does Britain use to restrict special arrangements?