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Ex.4. Match the words on the left with the definitions on the right.

  1. A friend of yours is planning to go on holiday soon. You ask her about her plans. Use the words in brackets to make your questions.
  2. A) Rearrange the words so that they make a sentence.
  3. A. Match pictures 1-4 to a)-d).
  4. Ask a question to the words in italics using a correct question-word.
1. private enterprise a a. a structure which helps buyers and sellers get together to exchange goods or services
2. public sector b b. a situation when there is not enough of something that is needed
3. rationing c c. the ability to do something well without wasting time or money
4. economic resources d d. the policy of limiting the amount of food, fuel, etc. that people are allowed to have when there is not enough for everyone to have as much as they want
incentives e e. an amount that is extra or more than you need
profit f f. a business that is owned by individuals or other companies, not by the government
benefit g something that encourages people to do something, especially to work harder, spend more money, etc.
household h g. a supply of something such as money, labour, etc. that an organization or a person has and can use
market i h. a person or an organization that helps other people or organizations to reach an agreement
sovereignty j i. the part of the economy of a country that is owned or controlled by the government
efficiency k j. complete independence
intermediary l k. getting involved in and trying to influence the situation
interference m l. a helpful and useful effect that something has
surplus n m. all the people living together in a single house or flat/apartment, considered as a unit
shortage o n. the money that you make in business or by selling things, especially after paying the costs involved

Ex.5. Make up verb+noun collocations (there may be several variants).

to make an important signal
to satisfy vital information
to start resources
to send an economic decision
to exchange law and order
to borrow and save a high profit
to play consumer's needs and wants
to maintain money
to provide a great role
to make a new business

 



| Ex.7. Choose the appropriate word or phrase to complete the following sentences.

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