7. Translate into English:

1. Якщо ви не скоротите витрати, ваша фірма збанкрутує.

2. Він очікував, що безробіття більше не буде зростати.

3. Лектор розповів нам, що „мікроекономіка” пов’язана з аналізом особливих економічних факторів та детальним вивченням їх поведінки.

4. Директор банку повідомив, якщо вони не виконають зобов’язання з виплати боргу по кредиту, він буде звертатися до суду.

5. Вони знали, що при плановій економіці промисловість працюватиме згідно з планом.

8. Write a short information on current economic events in our country. Term I

Variant II

1. Match each word in column a with its definition in column b:

A	B
central bank	Education and skills development for young people and unemployed.
exchange rates	The part of the economy that does not make goods, also known as tertiary sector.
inflation	The money a government needs to borrow to pay for what it does.
interest rates	The value of a national currency against other currencies.
invisible earnings	The annual cost of borrowing money from a bank.
manufacturing industry	A measure of retail price increases.
national debt	The principal national banking authority.
public sector borrowing requirement	The part of the economy that makes products and changes raw materials into products.
public spending	The number or percentage of people out of work.
service sector	Government spending.
training	The total amount of money that a government owes.
unemployment	Income in foreign currency for services such as banking, insurance, tourism.

2. Replace the underlined words by synonyms

   • business owned and run by the state;

   • products and services which are favoured;

   • at first view;

   • production alters swiftly;

   • they pursue their own interests.

2. These pairs of words often cause problems. Choose the correct alternative for each:

   1. PRODUCTION/PRODUCTIVITY

      1. We will increase pay if the employees raise their ___.

      2. If we don’t get another order soon, we’ll have to cut ___ and maybe close the factory.

2. EXPENSES/EXPENDITURE

   1. We have to reduce our general ___: we must cut costs wherever we can.

   2. If we don’t get another order soon, we’ll have to cut ___ and maybe close the factory.

3. TAKE OVER/OVERTAKE

   1. They want to ___ our company but I don’t think their offer is high enough for our shareholders to sell.

   2. They expect to ___ all their main competitors, in terms of sales, within a year of the launch of their new product.