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9.2. Answer the questions:

1. What bond investments are not subject to the market risk?

2. What does a risk mean in case our goal is to make a profit in a speculative way?

3. Does the market risk influence the face value?

4. What do Volumes mean?

5. What does Number of contracts mean?

6. What do Call features mean?

7. What does the market value of a bond entirely depend on?

8. What makes bonds interesting?

9. What is the best way to prevent the market risk of investments?

9.3. Give the translation of logical-grammatical and lexical units. Then translate the sentences.

1. They have to cut the production as much as possible. It accounts for the worst loss.

2. The assets account for one hundred million dollars.

3. Add propagates after the manner of.

4. All spare parts are delivered ahead of.

5. It accounts for 25 per cent. Это составляет 25%.

6. A recent project involved collaboration between sociologists, linguists, agronomists, biologists, mathematical modelers and the like (и тому подобное).

7. The new warehouse location was offered as an alternative to this one.

8. Motors sales account for over 60 per cent of their production.

9. The traditional method of managing is no longer fitting and proper in many respects.

10. One can calculate man-days loss per annum; per diem (в день) per mensem (в месяц).

Unit V Households Constraints

This unit describes:

- Households

- Challenges of Seasonal Labor

- Education as a Constraint to adoption

- Household Labor Distribution

- Implications of Constraints and How to Address them

- Constraints adoption

- Meeting the Expected Profitability Condition

1. Households

1.1. Words to remember:

incur to

влечь за собой

be subject to

зависеть от

collateral to

побочный, обходной, параллельный

collaterals

коллатерали, обходные пути

exacerbate

раздражать

relative efficacy to

относительное воздействие на

gender

пол

drought

засуха

in leaps and bounds

очень быстро, скачками

1.2. Read the text.

Households may bear high costs from participating in labor markets, either as buyers or sellers, if they have to incur costs to participate (for example, in traveling to a local estate to seek employment opportunities). These costs are particularly problematic if labor prices are highly variable or subject to large seasonal fluctuations. Bad infrastructure and poor information flows can also drive up these costs. Consequently, households may prefer to use family labor on the farm than to hire labor, to keep costs lower.

The perceived lower costs of household labor as compared to hired labor are also due to the fact that hired laborers have less incentive to work hard than do family laborers, because they are not consumers of the output . This means that the household may have to invest in supervising hired laborers, which can results in even greater costs. Together, these labor market problems may prevent households from adopting agricultural technologies that are beneficial in terms of yields and prices, but which require additional labor.