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Professional - more professional - the most professional.

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  


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:


London (England), city in southeastern England, capital of Great Britain, at the head of the Thames estuary, west of its mouth on the North Sea. London is one of the world’s most important financial and cultural centers and is noted for its museums, performing arts, exchange and commodity markets, and insurance and banking functions, as well as a host of specialized services. In popular and traditional usage, the term City of London, or the City, is applied only to a small area (2.59 sq km/1 sq mi) that was the original settlement (ancient Londinium) and is now part of the business and financial district of the metropolis. The City of London and 32 surrounding boroughs form the Greater London metropolitan area, which has an area of 1579 sq km (610 sq mi).


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