III. Grammar exercises

1. Choose the correct item.

1. I found this letter after he … Kyiv.

a) left

b) had left

c) has left

2. We …home whet it began to rain.

a) had come

b) came

c) have come

3. When I received this telegram I … it to the director.

a) showed

b) had showed

c) show

4. We … each other since I came to Lviv.

a) know

b) have known

c) knew

5. He … his work by 7 o’clock.

a) finished

b) will have finished

c) has finished

6. Articles on economics … often … in this magazine.

a) are publishing

b) are published

c) is published

7. What goods …. When you came to the port?

a) were loaded

b) are being loaded

c) were being loaded

8. The newspapers … just ….

a) have been brought

b) are brought

c) will be brought

9. I don’t want to show you my work until it ….

a) finishes

b) will be finished

c) is finished

10. Many important questions … at our production meeting.

a) discussing

b) is discussed

c) are discussed

2. Choose the right form of the verb from the brackets.

1. Business people (think, thought, have thought) of demand as the

consumption of goods and services.

2. Economists (concerned, are concerned, concerns) with market as a whole.

3. Changes in price (leads, have lead, lead) to changes in the market

condition.

4. The supply curve (are, is, have been)the graphical representation of the supply function.

1. In a market economy prices (are acting, have acted, act) as signals.

2. In economic markets, buyers and sellers (have had, had, had had) the opposite hopes and intentions.

3. A consumer (would go, goes, will go) on buying bananas for as long as he continues to be satisfied.

4. Prices always (controlled, are controlled, have been controlled) by the government.

5. Any person engaged in private business (is paid, is not paid, doesn’t pay) a fixed sum for his activities.

6. Wages (determined, is determined, are determined) not by supply and demand but by the influence of organized labour.

IV. Translation

Translate the following into English.

1. Кожний, хто пропонує продукцію на продаж є постачальником.

2. Загальні витрати – це сума фіксованих та змінних витрат.

3. Він вирішив інвестувати свій капітал у нове підприємство.

4. Термін „пропозиція” означає - запропонована для продажу сума товару чи послуги за визначеною ціною.

5. Ціни відіграють важливу роль на всіх економічних ринках.

6. Продавці приходять на ринок із надією на високі ціни.

7. Плануючи свої витрати особа повинна прийняти встановленні ціни.

8. Згідно з кваліфікацією є чотири головні категорії праці.

9. Більшість видів робіт має встановлений рівень оплати за виконану роботу.

10. Зарплати в основному низькі, коли рівень пропозиції більший по відношенню до попиту.

Variant II

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