Ex.1. Choose the correct variant. Complete these sentences using the correct form of one of the words above

Complete these sentences using the correct form of one of the words above. Make sentences of you own to show that you understand the difference in their meaning.

1. The government’s … policy has created a lot of problems.

2. It may be … to use a cheaper form of fuel.

3. Consultation will focus on the … and diplomatic issues.

4. … is one of the major subjects which future economists study.

5. We are looking for more … production methods.

6. The country is in a state of … crisis.

7. The new heating system proved … to use.

8. The government is attempting to reduce inflation and strengthen the ….

9. Industrial production has slowed down in all the world’s major ….

10. This machine is no longer … to run.

11. The IMF helps the … of the developing world.

12. Investors watch the rate of … growth closely.

13. My friend studies ….

14. Buying second-hand equipment can be a false ….

Exercises in Comprehension

Ex.1. Answer the following questions:

1. What is the economic system made up of?

2. Why do people depend on businesses?

3. What is business?

4. What is a business organization?

5. Do businesses vary in size?

6. What are corporations?

7. Where do multinationals operate?

8. What do we call “big business”?

9. What does “to do business” mean?

10. When may a company go out of business?

11. What affects a company development?

12. What can a company do to improve its business?

Ex.2. Sum up what you remember about:

а) corporations and multinationals,

б) big business and small business,

в) doing business.

Grammar Revision

Present Simple and Present Continuous

We use the Present Simple: sfor routines and habits I go to the bank twice a month.

sfor permanent situations My friend works in a bank.

sfor facts Water boils at 100o centigrade.

sfor timetables or fixed events in the future, that are usually beyond the speaker’s control: The train leaves in 10 minutes.

We use the Present Continuous: sfor actions happening now I am working on my report at the moment. sfor temporary actions or situations I am staying with my friends till I find a new flat. sfor changing or developing situations The economic situation is getting worse in this country. sto talk about something that happens often and is unplanned or irritating (with always) She is always grumbling and complaining. sto talk about future arrangements and plans: I am leaving at four on the first flight to London.

1. All the guides here speak/are speaking at least two foreign languages, because a lot of foreign tourists come/are coming every year.

2. Look! The meeting starts/is starting. We’d better go in.

3. I work/am working for Midmark, a firm that makes/is making medical equipment.

4. I go/am going to the supermarket. Do you want anything?

5. The train is arriving/arrives at 7 a.m.

6. They always make noise/are making noise next door.

7. Our meetings usually are starting/start at 4 p.m.

8. When a company is not successful, it is going/goes out of business.

9. I work/am working overtime this week.

10. Tom is a very reliable person, everybody is trusting/trusts him.

11. He usually is coming/comes to his office on time.

12. The sun is setting/sets in the West.

13. Great Britain becomes/is becoming more popular as a location for international business.

14. He earns/is earning over $ 20,000 a year.

15. People often spend/are spending a lot of their money on cigarettes.

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