III. Choose the necessary word and put it in the sentence. Translate the sentence into Russian.

1.1 like to drink only... coffee. abroad

2. We are all part of the... economy. consumers

3. We try to avoid... actions, imported

4.Tourism and automobPe imports... to the

international economic activity of this country. illegal

5. Every holiday I travel.... contribute

6. The world economy is made up of... world

among people, businesses, and governments.

7. We are a 1... of foreign goods and Interactions

services.

IV. Answer the questions.

1 Are we all part of the world economy?

2 When are we participating in the growing world of interna­tional trade?

3. What is the wor d economy made up of?

4. Is the world economy made up only of legal interactions?

5. What can contribute to country's international economic ac­tivity?

V. Translate the following sentences into English.

1 Импорт продуктов, экспорт автомобилей, иностранные инвестиции являются частью внешней экономической деятель­ности любой страны.

2. Так или иначе мы все являемся частью мировой экономики.

3. Мировая экономика состоит из всех тех взаимоотношений между людьми, различными формами бизнеса и государствами которые пересекают международные границы, даже если эти взаимоотношения являются незаконными.

4. Когда мы утром пьем наш импортный кофе или уезжаем за границу во время отпуска мы все принимаем участие в растущем мире международной торговлии финансов.

VI. Retell the text

Read and translate the letter.

To the Manager

Bank for Foreign Economic Affairs

Moscow

Your ref: Unknown Ourref: OC/CC/NA

Dear Sir,. 8^th November 2003

Our Number: BCD FOR/...(please quote) Amount: GBP 941.10 Sent: 7^th October 2003 Tenor: Payable at Sight Drawee: V/O Medexport

We would advise that we cannot trace the receipt from you of any acknowledgement for the above mentioned collection, dispatched by airmail on 7* October 2003. Pleas confirm that the bill has been presented for payment, advising when the relevant proceeds may be expected in London.

Should the bill remain unpaid, please advise us immediately giving drawers reason for refusal.

If unpaid please confirm that protest action has been taken in ac­cordance with our original instructions.

Yours faithfully, p.p. Manager Lloyds Bank

Вариант 2

Text

Read the text at home. Write out and translate the words you don't know.

Economics: The Study of Scarcity and Choice.

Prices of goods, and of resources, such as labour, machinery and land, adjust to ensure that scarce resources are used to produce the goods and services that society demands.

Suppose you buy a hamburger for your lunch. What does this have to do with markets and prices. You chose the cafe because it was fast, convenient and cheep. Because of your desire to eat and you limited resources, the low namburger price told you that was a good way to satisfy your appetite.

Since there is not enough of everything to go around everyone -individuals, business firms, and government — needs to make choices from among the things they want. In the process they will try to economize, to get the most from what they have. The need to choose is imposed on us all by our income, wealth and ability to bor­row. Individuals and families are limited by the size of their personal income, savings and ability to borrow. Similarly, business f rms are limited by their prof ts, savings and borrowing power, and govern-

merits by their ability to tax and borrow. Income, savings, profits and taxes enable people, institutions and government to purchase goods, products you can see or touch and services, work performed for pay that benefits others. Markets bring together buyers and sellers of goods and services. In some cases, such as a local fruit stall, buyers and sellers meet physically. In other cases, such as the stock market, business can be transacted over the telephone, almost by remote con­trol.

Read the words given below:

a) goods, service, business, government, among

b) enough income

i ndividual wealth

process ability

economize borrow

social savings

science similary

analyze power

choose tax

scarce enable

resource buyer/seller

to benefit stock market

purchase