I. Перекласти текст з англійської мови на рідну.

In order to transform the former planned economies into really mixed economies³ countries of Eastern Europe must increase sharply the levels of productivity and competitiveness of their economies. Special adjustments should be made in agriculture, tax system and in the system of social security⁴.

Economists think that the single currency will increase trade integration as well as labour mobility in the euro-zone. The introduction of the new currency and participation of different countries in integrated European financial markets should reduce any risks in business transactions and lead to more efficient European finance, promote European political as well as economic integration.

Globalization at a business level means that a company has decided to participate in the global economy and it is going to establish its subsidiaries in foreign markets. However, a company will have to adjust its products or services to the consumers' requirements in a foreign country. Nowadays any company may do e-business using the Internet services. In order to attract consumers it is important to advertise new goods and services both in national and international markets. Advertising of popular goods and services is often done in such international languages as English, German, French, and Spanish.

II.Вiдповiсти на запитання за змiстом тексту.

1. What problems should the former Eastern European countries cope with nowadays?

2. What do economists think of the single currency?

3. What benefits can the single European currency ensure?

4. What does globalization mean in business?

5. What is important in e-business?

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I. Перекласти текст з англійської мови на рідну.

LARGE NATIONS

Economic security of large nations, like the United States and Russia, can be maintained, what means their smaller dependence on world markets. Nowadays these large nations are provided with such economic fundamentals as natural resources, good agricultural land, and effective manufacturing enterprises relatively well, although in future gas, oil, and mineral resources will be exhausted and these nations will have to export them.

Self-sufficiency can be ensured by the government policies of large nations but it is impossible for more dependent nations. Self-sufficiency may be achieved by various policies in accordance with particular economic characteristics of each nation. Although large and rich nations are less self-sufficient today than they were 30 years ago, they are still able to rely mainly on their domestic resources and production for national prosperity.

The USA is an example of a country with a free market economy and strong economic fundamentals. It is also known as an economy of free enterprise². American government (usually called the US administration) does not participate

directly in foreign trade but it often uses protective tariffs to support domestic producers.

Fundamentals- основы

Self-sufficiency- самообеспеченность

II.Вiдповiсти на запитання за змiстом тексту.

1. What large nations do you know?

2. What economic fundamentals can provide relative economic security?

3. What may self-sufficiency be achieved by?

4. Are large nations more self-sufficient nowadays than several decades ago?

5. What are the main characteristics of the US economy?

№ 16