Comprehension

Ex. 12. Finish the following sentences:

1. Every society must provide……

2. Traditional economies are usually found……

3. In a traditional economy most people live in……

4. The goods and services in such a system are those……

5. Most individuals live……

6. When the harvest is high there may be more……

7. When such a surplus exists……

Ex. 13. Say if these sentences are true or false? Correct the false ones.

1. To provide answers to the three fundamental questions societies and nations have created a single economic system.

2. The standard of living doesn’t depend upon the quantity of goods and services produced in the society.

3. Traditional economy looks to customs and traditions.

4. Traditional economic system can be found in the central parts of a country.

5. The main activities of people living in a traditional economy are mining and trading.

6. Most individuals in a traditional economy live very poor.

7. The most part of the product in this society goes to the poorest people.

Ex. 14. Match the beginnings of the sentences to their ends using information from the

Text.

1. In command economy the workers are told …

2. In such a system the state decides …

3. However, the command economy has …

4. A planned economy can ensure …

5. Any profits that are made in command economy …

6. Command economies are slow …

A. … that everyone receives a good education and proper health service.

B. … when responding to changes in people’s tastes and fashions.

C. … the state decides what the nation is to produce.

D. … where to work and what work to perform.

E. … a number of advantages and disadvantages.

F. … are paid to the government.