Read the article without a dictionary, try to retell it. Think and give extensive answers

At leisure

Grammar exercises

Think and give extensive answers.

VII. Discuss the following with your partner.

— Running a large economy is like running a small business.

— What do you think are the similarities and what are the
differences?

— Why do you think gold is expensive?

— What might be the reason that so many electrical goods are quite cheap now?

VIII. Say what you have learned about:

— Law of demand

— Price effect on demand

— The influence of the people`s incomes on demand

— The fall of demand may have different causes

IX. Translate the sentences (§14). Practise the use of Modal
Verbs.

1. Absolute accuracy cannot be expected with this kind of instrument, you should take several observations. 2. Something must have happened to our computer, it is out of order. 3. You should have tested the device more carefully considering its importance. 4. The operator ought to have known computer better. 5. The pilot should have made use of radar in locating the position of the plane. 6. The new device must have been broken by accident. 7. You may change data obtained many days ago. 8. They could do things correctly but they didn`t manage.

X. Supply the correct forms of the verbs (§11). Translate the
sentences.

1. The United Kingdoms’ coal industry (to remain) one of the largest and most technologically advanced in Europe. 2. Small companies (to predominate) in the economy of the UK. 3. It is impossible to enter the university if you (not to attend) preparatory courses. 4. Your letter (to answer) by Monday. 5. The experiment (to carry out) from 10 till 12 o`clock yesterday. 6. The delegation (to head) by the Prime Minister at the coming conference. 7. Firms (to need) young and energetic employees. 8. English (to recognize) as an international business language. 9. It (to be) especially useful to read books on economics, business and marketing in the original when we were students. 10. Most of the nation`s personal savings (to hold) by the commercial banks.

Word origin WHERE DOES THE WORD «DOLLAR» COME FROM?

The word «dollar» has been in use since the 16th century in England and was used very early on in the United States to refer to the currency that was used by settlers. Its history begins in Europe.

Dollar is the English word for «Thaler» which German speakers rec­ognized as the silver coin used in Austria.

Meanwhile, the currency often used in the British colonies in North America was a Spanish coin – the peso or eight reals also known as «pieces of eight». This coin they called a dollar. So the term was used in America for two centuries before the British colonies became independent at the end of the 18th century.

2. Read and translate the proverbs, think of Russian equivalents,
give a situation using them.

— A friend in need is a friend indeed.

— A good beginning is half the battle.

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