1. Translate into Ukrainian paying attention to the Objective Infinitive Construction (Complex Object).

1. He wanted us to make investment into his project. 2. We expected the prices to rise in September. 3.We suppose him to be a good manager. 4. We do not consider the situation to be a critical one. 5. The government expected the inflation not to be so severe. 6. We expect you to show good results. 7. The new equipment set at the plant made the productivity to increase. 8. We know him to have graduated from the collage two years ago. 9. Everybody knows this company to be replacing worn-out machinery. 10. We know this condition to be an important in our cooperation.11. We thought him to have paid taxes.

2. Translate the following sentences into Ukrainian paying attention to the Subjective Infinitive Construction (Complex Subject.)

1. This company is said to be a comparative newcomer in the Stock Exchange. 2. Electronic equipments have been proved to save millions of man and machine hours. 3. Prices are known to play rationing effect 4. Vacuum tubes appear to perform such functions as: rectification, amplification, detection, modulation and others. 5. The President’s elections are expected to bring some changes in economic situation of the state . 6. The production of foods are reported to have been increased. 7. Skilled workers have been proved to do jobs better and more economically than unskilled. 8.This curve is assumed to show the change in cars demand 9. Microeconomics is considered to be the main concept of economic theory. 10.Consumers incomes are unlikely to grow up so it’s rather difficult for suppliers to make great profits.

***Task VII. Can you characterize the current inflation in Ukraine? What other economic issues are evident now? Give the examples and illustrate your judgment.

Контрольні питання

* Другий рівень – середній. Знати слова та словосполучення з теми та вміти використовувати в реченнях; знати основні поняття та правила.

** Третій рівень – достатній. Знати основні визначення, поняття та правила. Вміти використовувати їх в зв’язному мовленні. Відповідати на питання.

*** Четвертий рівень – високий. Визначати проблемні питання. Вміти логічно та вільно висловлюватися в межах вивчених тем.

Unit III.

The World Economy. European Community and the Economy of Ukraine.

Lesson I.

Modern World Economy.

Modal verbs.

*Task I. Learn the new vocabulary:

single – цілий, єдиний

linkages – зв’язки

trade – торгівля

investment – вклад

to spread – розширюватися

boundary – кордон

to carry on – проводити

engage – займатися

favourable – сприятливий

to exceed – перевищувати

correlation – співвідношення

to process – переробляти

to transfer – переміщати

the capacity – здатність

self-sustaining growth – самопідтримуюче зростання

joint venture – спільне підприємство

arrangements – угоди, домовленості

*Task II. Read the following word- combinations. Translate them into Ukrainian.

A single economic unit, closer linkages, through trade, capital investment, financial institutions, multinational institutions, across national boudaries, to carry banking activities, to engage in world trade, favourable balance of trade, a correlation between the economic development, heavy importers of machinery, finished goods, raw materials, manufactured goods, original suppliers, to rely on transfers, the capacity of self-sustaining growth, in the form of foreign aid, the resent expansion in export, closely related to foreign investments, contractual arrengements.

Task III. Recollect your knowledge of the use of Participle. Translate the following sentences:

1. Developing countries usually import machinery and finished goods from the developed ones.

2. Buying raw materials the industrially developed nations process them and sell back manufactured goods.

3. When mobilizing resources for its development, a country must rely on transfers of foreign resources until it achieves the capacity of self-sustaining growth.

4. Newly industrializing countries need foreign investment of transnational corporations.

5. Spreading their activities across national boundaries, international banks carry on their activities.

6. When processed, the products and goods may be sold for prices ten times higher than the material cost.

7. Having been closely related to foreign investment the developing countries expand in exports of manufactures.

**Task IV. Read and translate the text