4.1 Подберите правильный перевод к словам и фразам.

1. uncertainty(n) a) потребление

2. contemporary (adj) b) богатые люди

3. assumption (n) c) предметы первой необходимости

4. consumption (n) d) неопределенность

5. conspicuous consumption e) современный

6. necessities (n) f) застраховать(ся)

7. the wealthy (n) g) зарабатывать

8. earn (v) h) предположение, допущение

9. purchase (n) i) покупка

10) insure (v) j) “показное” потребление

1) d)

2) e)

3) h)

4) a)

5) j)

6) c)

7) b)

8) g)

9) i)

10) f)

4.2 Прочитайте текст и найдите ответы на вопросы.

1. When was Veblen’s The Theory of the Leisure Class published?

Veblen’s The Theory of the Leisure Class was published in 1899.

2. When did Knight write Risk, Uncertainty and Profit?

Knight wrote Risk, Uncertainty and Profit in 1921.

3. Who coined the term “conspicuous consumption”?

The term “conspicuous consumption” was coined by Veblen.

4. Should the government decide what would be offered for sale, in Knight’s view?

In Knight’s view the government should not decide what would be offered for sale.

4.3 Прочитайте текст и определите, относятся ли данные утверждения к Веблену (V), Найту (k), или к обоим (b).

1. Supported laissez faire economics. (K)

2. Taught Economics at the University of Chicago. (B)

3. Predicted the separation of ownership from management of business organizations. (V)

4. Coined the term “leisure class”. (V)

5. Believed business profits were earned in return for accepting the uncertainties of the market. (K)

6. Opposed laissez faire economics. (V)

7. Believed consumers made unwise choices. (V)

8. Supported the consumer’s right to determine what should be on the market. (K)

9) Believed that people in business could gain profits by giving consumers

what they wanted. (K)

10) Believed that people in business could gain profits by limiting production. (V)

11) His ideas are still influential today. (B)

4.4 Дополните таблицу глаголами, существительными и прилагательными.

Verb	Noun	Adjective
1) consume	consumer consumption	consumable
2) compete	competition competitor	competitive
3) produce	product producer	producible
4) manufacture	manufacturer
5)	certainty uncertainty	certain
6)	reason	reasonable

4.5 Дополните фразы из текста данными словами.

basic, social, class, decisions, free, loss, consumer, wasted, demanded

1. Social behavior

2. unwise decisions

3. leisure class

4. quantity demanded

5. wasted resources

6. Basic necessities

7. free enterprise

8. financial loss

9. consumer demand