Read the text again and answer the questions, choosing the best variant

1. What do most economists believe about economies in the world today?

a. There are a number of free markets.

b. Some countries have a completely planned economy.

c. A mixed economy exists in some way in all countries.

2. Why do governments choose to run some industries?

a. So they can collect taxes.

b. Because they need to be protected from the risks of the free market.

c. To encourage a divided economy.

3. Why do governments deregulate some industries?

a. To make the industries more efficient.

b. To protect them.

c. Because there is too much competition.

4. According to the text, what is not very popular with the public?

a. Deregulation of public transport.

b. Deregulation of hospitals and schools.

c. Deregulation of telecommunications and banking.

5. What type of state control is not mentioned in paragraph 5?

a. Controlling the way companies do business.

b. Controlling what companies sell.

c. Controlling the prices companies set.

Ex 7.Comment on the following statements:

1. The type of the chosen system is critical in shaping environment in which businesses operate.

2. A cornerstone of the market system is that production alters swiftly to meet changing demands.

3. Many economists would argue that the mixed economy is the best system for consumers.