3. Заполните пропуски, используя в нужной форме глаголы, данные в скобках:

1. Things are ‘valuable’ because people think they … (to be).

2. The economic worth of value of a good can only be … (to measure) in some kind of market transaction which … (to reveal) the value of the goods in terms of what is … (to offer) in exchange for it.

3. If 5 lb of potatoes … (to exchange) for 1 lb of sugar, then the ‘price’ of 1 lb of sugar is 5 lb of potatoes.

4. Nowadays practically all exchange … (to represent) an exchange of goods and services for money.

5. Any effective arrangement for bringing buyers and sellers into contact with one another … (to define) as a market.

6. The price of any economic good, under market conditions … (to determine) by the forces of supply acting through the sellers and the forces of demand acting through the buyers, …(to determine) the market price.

3. Ответьте на следующие вопросы:

1. What is the difference between ‘price’ and ‘value’?

2. Where do prices arise?

3. What kind of goods is usually sold in fixed locations?

4. What kind of goods are primarily sold and bought on a countrywide basis?

5. For what products is the market worldwide?

6. What is the price of economic goods determined by in the capitalist world?

Money

1. Прочтите следующие слова:

Society, civilisation, adequately, frustrating, surplus, cumbersome, coincidence, merely, disposal, similar, triangular, major, acceptable, medium, amazing, valuation, immediately, wealth, deteriorate, purchase, spread, pattern, installment.

2. Прочтите и переведите следующие группы слов:

An essential tool of civilisation, the direct exchange of goods and services, the great disadvantage of barter, a laborious system of exchange, an amazing variety of goods and services, a piece of furniture, the value of one commodity, a means of making deferred payments, in the case of hire purchase contacts.

3. Запомните следующие слова и словосочетания:

Acceptable -приемлемый

Adequately -адекватно

Arrangement -устройство

Article -изделие, товар

Coincidence -совпадение

Consider -рассматривать

Cumbersome -громоздкий, обременительный

Deferred payment -отсроченный платеж

Delivery -доставка

Deteriorate -портиться

Devote -посвящать

Exchange rate -обменный курс

Face -сталкиваться с чем-л.

Frustrating -бесполезный

Hire purchase -аренда с опционом покупки

Hold -держать

Invention -изобретение

Installment -рассрочка

Insure -гарантировать, страховать

Laborious -затрудненный

Medium -средство, способ

Merely -только, просто

Need -потребность, нужда

Payment -платеж

Promise -обещание

Rely upon -полагаться на

Remove -удалять

Seek out -искать

Similar -подобный, похожий

Spread -распределять, распространять

Stock -запас

Store -хранить, запасать

Surplus -добавка

Trading -торговый

Whereby -посредством чего-л.

4. Определите к какой части речи относятся следующие слова:

Greatest, invention, indicate, extent, cumbersome, coincidence, merely, laborious, triangular, furniture, adoption, valuation, equal, immediately, convenience, addition.