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1 Microeconomics places the emphasis on a thorough understanding of particular markets.
2 Such places as a theatre, sauna, bath have an elastic demand.
3 Intermediate goods are partly finished goods which form inputs to another firm's production process.
4 These companies process raw materials into manufactured goods.
5 In free market economies the private property is the main form of property.
6 The term "final goods" means that ultimate users purchase these goods.
7 Trade unions let workers take part in many types of political activities and protect themselves by political and economic means.
8 The main purpose of a purchase department is to supply the production cycle with all necessary materials.
9 The theory of supply and demand was developed by many famous economists.
10 Consumers usually demand high-quality goods at lower prices.
Exercise 11: Translate the following sentences into Russian paying attention to the translation of the participles:
1 The European Parliament and the European Court of Justice were formed in accordance with the Treaty of Rome in 1957.
2 An increase in the price level leads to an increase in the GNP even if the quantities sold are constant.
3 Having decreased the retail price, the new company was able to attract thousands of customers.
4 In case of war, domestic industries producing food must be preserved (сохранять).
5 Most products are similar in some ways to the existing products made by other companies.
6 Minimum wage may lead to the substitution of adults for youths, at the same time increasing the unemployment of the former.
7 Free market is a market that is free from government intervention, prices rising and falling according to supply and demand.
8 Real estate is defined as the land and the improvements that are usually transferred with it.
9 Part of national spending includes the purchase of imported goods and services.
10. Having been introduced as a standard of value, money helped to solve the problem of exchange rates of different kinds of goods.
Exercise 12: a) Make nouns out of the given verbs and translate them into Russian:
Model: to deliver → delivery
to employ (2), to depend, to gain, to insure, to expand, to credit (2), to tend, to construct (2), to exchange, to measure (2), to decide, to cost, to value, to prepare, to increase, to promote
b) Name the verbs having the same root with the following nouns:
Model: innovation → to innovate
manufacture, operation, consumer, report, cause, difference, competition, market, development, emphasis, fall, seller, force, comparison
c) Name the adjectives made out of the following verbs and nouns:
to differ, advantage, to clean, to free, to market, to add, to depress (2), to rely, to close, diversity, alternative, to direct, to vary, to lower, to warm, majority, practice, finance, to accept
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Exercise 7: Translate these sentences into Russian. | | | Exercise 13: Open the brackets using the verbs for making an appropriate form of a participle. Translate the sentences into Russian. |