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English for students of economics.doc
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Word study exercises

Ex. 1. Study the different meaning of the word and use it to translate the sentences.

allocatev1) распределять, размещать

2) Выделять, назначать

3) ассигновать, отчислять

Allocation n 1) распределение, размещение

2) ассигнование, отчисление

3) выделение (средств, ресурсов)

4) классификация

  1. The money was allocated for various projects.

  2. Rooms have been allocated to the delegates.

  3. Prices are an indication to the producers how best to allocate productive resources.

  4. Families choose to allocate their expected income between consumption and saving.

5. Our committee allocated money for the memorial.

6. You should allocate tasks among members of the group.

7. Out of the total budget, $3000 was allocated to repairs.

Ex. 2. Match the words with their definitions.

____ surplus a) custom, practice of long standing.

____ generation b) the degree to which a person or group of persons and

their families are able to satisfy their wants.

____ tradition c) a quantity or amount in excess of what is required

____ command economy d) all persons born about same time

____ standard of living e) people or race organized as a state

____ nation f) an economy in which business activities and the allocation

of resources are determined by government order

Ex. 3. Give Russian equivalents to the following words and word combinations:

standard of living ___________________________________________________

to use available resources_____________________________________________

societies have created different economic systems _________________________

the problem of scarcity__________________________________________________

isolated tribes ______________________________________________________

when such a surplus exists ____________________________________________

remote areas of the world _____________________________________________

they have enough to sustain themselves ___________________________________

rural areas __________________________________________________________

very slowly changing traditions __________________________________________

Ex. 4.Match the verbs in column a with the nouns in column b. A b to allocate available resources

to solve factors of production

to provide the life

to create the problem

to use government

to distribute answers

to sustain surplus

to relay upon economic system

Ex. 5. Word-building. Complete the following table by inserting the missing forms.

Verb

Noun

Adjective

determine

productive

solution

creative

economize

enjoyment

decisive

activity

distribute

Limited

government

satisfaction

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