Exercises to the text:

I. Do you agree with the following statements?

1. The national wealth of the USA is mainly a re­flection of its rich national resources.

2. The U.S. government plays only a small direct part in economic activity.

3. The major area of government regulation of eco­nomic activity is not through fiscal and monetary pol­icy.

4. The government doesn't influence private eco­nomic activity in farming.

5. By far the most important source of tax revenue is the corporate income tax.

6. Federal excises rest heavily on alcohol, gasoline and tobacco.

7. The labour force in the United States is highly organized.

II. Make up word combinations and translate them into Russian:

1.	economic	a.	laws
2.	labour	b.	tax
3.	nonmetallic	c.	states
4.	antitrust	d.	deposits
5.	income	e.	policy
6.	fiscal	f.	revenue
7.	coal	g.	power
8.	mountainous	h.	force
9.	excise	i.	minerals
10.	tax	j.	duty

III. Insert proper adverbs:

heavily strongly nearly traditionally privately

highly(x2) largely partly significantly originally

1. The nation's wealth is __________ a reflection of its rich natural resources and advanced agriculture.

2. The main factor, nevertheless, is its __________ developed industry.

3. Enterprises that are often in public hands in other countries are run __________ in the United States.

4. The principal effort of the government __________ has been the fostering of competition through en­forcement of antitrust laws.

5. These laws are designed to prevent mergers that __________ reduce com­petition.

6. Farming is a field in which the government __________ regulates private economic activity.

7. Family farms were __________ the main object of governmental concern.

8. __________ all of the federal government's revenues come from taxes.

9. Federal excises rest __________ on alcohol, gasoline and tobacco.

10. The labour force in the United States is not __________ organized.

11. Coal deposits are concentrated __________ in the Appa­lachians and in Wyoming.

IV. Complete the sentences:

1. The United States is considered to be one of the leading industrial and agricultural nations of the Globe due to …

2. The nation's wealth is partly a reflection of …

3. Enterprises that are often in public hands in other countries, such as…, are run privately in the United States.

4. The principal effort of the government traditional­ly has been …

5. The major area of government regulation of eco­nomic activity is …

6. The government also influences certain sectors of the economy as a …

7. Farming is a field in which the government …

8. One disad­vantage of the system is that …

9. Nearly all of the federal government's revenues come from …

10. Federal excises rest heavily on …

11. Another major source of revenue is …

12. The labour force in the United States is not highly organized. About three-fourths of those belonging to unions are affiliated with …

13. The U.S. economy benefits from …

14. The United States is the world's second largest petroleum-producing na­tion. The major producing fields are in …

15. Coal deposits are concentrated largely in …