III. Choose the correct grammar form to complete the sentence. II. Choose the word to complete the sentence

II. Choose the word to complete the sentence.

I. Match the following terms with their definitions.

Test 3

III. Choose the correct grammar form to complete the sentence.

1. Sales have increased considerably. We… more revenue this month.

a) will have b) are going to have c) will be having d) will be going to have

2. If they increase prices on their goods, … less.

a) we order b) we’ll order c) we’ll have ordered d) we’ll be ordered

3. They promise that these goods … by next Wednesday at the latest.

a) will deliver b) will be delivered c)will have delivered d) will have been delivered

4. According to the plan we … a new project next week.

a) shall start b) shall have started c) are starting d) shall have started

5. As prices were decreasing they … the behaviour of consumers.

a) can predict b) must predict c) could predict d) may predict

6. You … take these documents. They were left for you.

a) could b) ought c) may d) might

7. They … to supply their products according to our agreement.

a) can b) must c) should d) ought

8. Changes in the cost of production … affect the quantities supplied.

a) must b) have c) need d) might

9. The management could choose other profit opportunities, …?

a) could they b) did they c) couldn’t they d) didn’t they

10. The behaviour of the sellers ….

a) can be predicted b) can predict c) can be predicting d) could predict

(to be performed after studying Units 5 - 6)

1. a severe and prolonged decline in the level of economic activity	Inflation
2. a rise in the general level of prices that is caused by increased costs of making and selling goods	Demand-pull inflation
3. a rise in the general level of prices caused by too high a level of aggregate demand in relation to aggregate supply	Unemployment
4. a rise in the average level of prices	Cost-push inflation
5. the condition of those who are willing and able to work and are actively seeking work but who do not currently work	Depression

1. The one big fear of all world economies is that of ….

a) regression b) repression c) recession d) receding

2. If wages go up faster than prices, businesses tend to hire less labour and so … increases.

a) employment b) layoffs c) jobless d) unemployment

3. Inflation is usually measured by using price ….

a) lists b) catalogues c) tables d) indexes

4. The Consumer Price Index is based on a typical market … of goods and services consumed by urban households.

a) bag b) basket c) purse d) wallet

5. Business cycle … can be caused by internal as well as external factors.

a) curves b) lines c) fluctuations d) shifts

1. Having these data I … calculate the rate of inflation easily.

a) am able b) manage c) can d) will manage

2. He … to lower the cost of production.

a) could b) manage c) can d) managed

3. I … to submit my conclusions after I examine all these documents.

a) can b) will be able c) manage d) was able

4. Future inflation … using the PPI.

a) is able to predict b) manages to predict c) can predict d) can be predicted

5. The government … support people with little economic power.

a) must b) is able c) has d) managed

6. The cost of raw materials was so high that we … to cut back on the production.

a) must b) had c) need d) needed

7. He … to go there. They will settle the problem themselves.

a) must not b) cannot c) won’t have d) needn’t

8. There is no demand on these goods. We… them.

a) should produce b) ought to produce c) should have produced d) shouldn’t have produced

9. Investing in this project was a bad idea. He … it.

a) should have done b) shouldn’t have done c) should do d) shouldn’t do

10. There are so many mistakes in your test that you … rewrite it.

a) ought b) should c) ought not d) should not

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