Answer the following questions. 1. What industries are developed in Great Britain?

1. What industries are developed in Great Britain?

2. Does service industry occupy an important place in Britain’s economy?

3. What do British plants produce?

4. What can you say about farming in Britain?

5. What is the main problem in the British economy?

6. How is the trade deficit offset?

7. Get ready to discuss the following.

One of the problems of the British economy is its dependence on foreign trade. How do you understand the term ‘balance-of-trade deficit’?

Read Text B using the dictionary and do the following tasks.

1. Think of the title to the text.

2. Make up 5-6 questions of different types.

3. Give a short summary of the text.

Text B

Despite unemployment in financial businesses, the weak performance of the Stock Market and European competition, London has retained its status as a global financial centre.

Many major financial institutions have their headquarters in London, with branches throughout Britain. The City of London, with its banks, insurance houses, legal firms and financial dealers’ offices, has always been a centre of British and world finance.

Many City institutions were founded in the 17^th and 18^th centuries such as the London Stock Exchange and the Bank of England.

The London Stock Exchange is one of the world’s busiest stock exchanges. It is a market for buying and selling shares and listed stocks.

The Bank of England is the country’s central bank. It issues nearly all of the country’s bank-notes. It handles the nation’s official foreign-exchange operations and manages its gold and foreign-exchange reserves.

The Foreign Exchange Market is also based in London.

Unit 8. The United States of America

Pre-reading activities

1. Practise the pronunciation of the following words.

legislative ['le8IslqtIv], executive [Ig'zekj4tIv], judicial [8u:'dISFl], court [kO:t], fertile ['f3:taIl], creative [kri:'eItIv], encourage [In'k0rI8]

2. Memorize the words.

a. legislative a – законодательный

b. executive a – исполнительный

c. judicial a – судебный

d. constitute v - составлять

e. vest v – облекать (властью), наделять

f. court n – суд

g. abound v – изобиловать

h. timber n – лесоматериал, лес

i. non-ferrous a – цветной (о металле)

j. vast a – обширный

k. fertile a – плодородный

l. creative a – творческий

m. enterprise n – предприятие, предпринимательство

n. affluent a – богатый, обильный

o. encourage v – ободрять, поощрять

3. Answer the following questions before you read Text A.

1. Where is the United States situated?

2. Is the USA rich in natural resources?

3. What is the ruling political party in the USA nowadays?

Read Text A and fulfill the tasks which follow.

Text A

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