Professional - more professional - the most professional

III. Grammar Exercises

5. Write these phrases in the possessive form, i.e. with ‘s or ‘

1. the corporations of the nation.

2. the activities of the people.

3. the desires of consumers.

4. the image of a product.

5. the reputation of a seller.

6. the work of a day.

7. the economy of a country.

8. the problems of the economists.

9. the play of the government.

10. the works of Keynes.

11. the dollar of a consumer.

6. Give the comparative and superlative of the following:

Example: high -higher - the highest;

efficient, rational, modern, total, large, rich, poor, little, good, traditional, important.

7. Translate the following into Russian:

1. There are, however, no «pure» market economies in the world today.

2. Economists note that there is no limit to the amount or kinds of things that people want.

3. There is, however, a limit to the resources.

4. In addition to buyers and sellers, there are several other essential elements in a market economy.

5. There are many buyers and sellers so that no individual or group can control prices.

6. There are two ways to earn income: from your work and from the use of your wealth.

7. There are as many ways to prepare a budget as there are people who use them.

8. Chose the right word to the words given in the first column:

many	goods
much	economists
a lot of	enterprises
little	knowledge
few	markets
	governments
	explanations
	time
	activities
	work

9. Translate into Russian:

1. Economists have two ways of looking at economics and economy.

2. Macroeconomics is the study of the economy as a whole, microeconomics is the study of individual consumers and the business firm.

3. Each factor of production has a place in our economic system, and each has a particular function.

4. Price stability refers to times during which prices remain constant.

5. A budget is a financial plan that summarizes income and expenditures over a period of time.

6. Saving is one of the most important things that people do with their incomes.

7. Economic forces also affect decisions in the world of business.

8. The United States government also employs economists to study economic problems and to suggest ways to solve them.

9. Consumers are people who use goods and services to satisfy their wants.

10. Efficiency is a measure of how much we get for what we use.

11. Demand is a consumer’s willingness and ability to buy a product or service at a particular time and place.

10. Translate English jokes.

A.: Our math professor talks to himself, does yours?

B.: Yes, but he doesn’t realize it. He thinks we’re listening.

¾ T T T ¾

I find television very educating. Every time somebody turns on the set, I go to the other room and read a book.

11. Read the text and retell the contents in Russian:

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