- •Increasingly adv в більшій мірі
- •Ex. 2. Give derivatives of the following nouns:
- •Ex. 4. Reread text a. Which of the following do you think is true or false?
- •Ex. 8. Read the dialogue, translate the Ukrainian remarks into English and act it out:
- •Ex. 11. Give extensive answers to these discussion questions:
- •Inventory investment turned up / bottomed out, primarily reflecting upturns in wholesale trade inventories and in “other” industries inventories.
- •Ex. 14 a) Look at the pie chart and scan through the analysis of budget expenditures in the uk. Replace the underlined phrases with other similar expressions.
- •In conclusion, the bulk of British government spending goes on social welfare and health. However, education, defence, and law and order are also major areas of spending.
- •The Budget helps deliver high quality public services
Ex. 4. Reread text a. Which of the following do you think is true or false?
1. Finance is a system of using of money in the process of its turnover between economic entities.
2. The financial system is the network of institutions through which large companies get the funds they need and put surplus funds to work.
3. Public finance is the study of the role of The Ministry of Finance in the economy.
4. Private markets will allocate goods and services among individuals efficiently in real life.
5. When private markets do not allocate goods or services efficiently, thre is a necessity for governmental provision of goods and services.
6. Government expenditures are specifically intended to transfer profit from some groups to others.
7. Public pension programs transfer wealth from the young to the old.
8. Macroeconomic stabilization is a category which describes the effects of monetary and fiscal policy on the economy.
9. Fiscal policy doesn’t relate to government spending, but relates to taxation and borrowing.
10. The budget is an estimate of national revenue and expenditure for the previous fiscal year.
11. Adequate planning of recurrent and capital expenditure depends critically on an accurate forecast of revenue availability.
12. The Treasury is the central coordinating institution in charge of compiling and presenting the budget.
Ex. 5. Say in a few words what the main text is about. Use the following opening phrases:
The text looks at the (the problem of)…;
The text deals with the issue of…;
It is clear from the text that…;
Among other things the text raises the issue of…;
The problem of…is of great importance;
One of the main points to be singled out is…;
In this connection, I’d like to say…;
I find the question of…very important because…;
I think that…should be mentioned here as a very important mechanism of…
Ex. 6. Sum up the content of the main dialogue. Use the following phrases:
The dialogue is about…;
According to the dialogue…;
The experts make it clear that…(stress the point that…, draw the readers’ attention to the fact that…);
Finally, the experts come to the conclusion that…
Ex. 7 Match the terms in left side column with their definitions
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