Ex. 7. Work on vocabulary and grammar

a) Study the key words of the unit in the dictionary at the back of this book:

economy, enterprise, policy, allocation, price, resources.

b) Think of the verbs that are most commonly used with:

resources, production, prices, policy, function, programme.

c) Think of the nouns that are most often used with:

to rise, to raise, to arise, to fall, to go up, to drop, to decline, to bring about, to result in, to lead to, to cause.

D) Make your own sentences with any five word combinations from (b) and (c).

e) Match the verbs from (a) with the nouns from (b) below:

a) to satisfy b) wants

to distribute factors of production

to save goods

to produce services

to utilize policy

to perform enterprise

to run allocation of inputs

to conduct functions

to choose resources

to pursue needs

F) Scan the dialogue and write out all the irregular verbs used in it.

g) Make sentences putting the words in the correct order:

1. are, different, today, in, world, there, systems, economic, the

2. demand, if, price, exceeds, tends, rise, to, the, supply

3. wants, constantly, people, are, of, growing

4. is, competition, force, the, market, of, an, important

5. producers, must, scarce, economically, and, suppliers, utilize, resources

6. sluggish, is, activity, economic

7. figures, dropped, according, production, to, official, oil, of

8. service, of, consists, the, transport, banking, sector, insurance, and