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Complete these sentences using the correct form of one of the words above. Make your own sentences to show that you understand the difference in their meaning.
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1. Who were the … of the European Union?
2. I … $ 10 on the sidewalk.
3. Economists … money in the budget to increase help to the poor.
4. We … our partners waiting for us at the restaurant.
5. His grandmother … this company.
6. The … of that bank was a wealthy businessman.
7. I was lost but finally … my way back to the hotel.
8. Have any new multinationals been … recently?
9. He … a new job.
10. I … the purse lying in a telephone box.
Exercises in Comrehension
Ex.1. Answer the following questions:
1. What principle may businesses be classified to?
2. What companies work in the manufacturing sector?
3. What companies work in the service sector?
4. What companies work in the private /public sector?
5. What is a private enterprise?
6. When is a private company considered to be nationalized?
7. When is a company considered to be privatized?
8. What companies are the first to be sold off in a privatization programme?
Ex.2. What is the difference between:
a manufacturing sector – a service sector;
a private sector – a public sector;
nationalization – privatization.
Ex.3. Sum up what the text says about business organizations and the economy.
Grammar Revision
| Past Simple and Past Continuous We use the Past Simple: sfor events or actions in the past In her youth she worked hard at English. sfor events that happened one after another I finished my translation and sat down to watch TV. |
| We use the Past Continuous: sfor actions in progress in the past I was doing the translation all afternoon. sfor action that was in progress when another action happened. The second action is in the Past Simple. When we came she was interviewing a new secretary. |
| sfor actions in progress at the same time in the past The wind was blowing and it was raining heavily. |
Ex.1. Choose the correct variant
1. He became/was becoming a very rich man when he was just 25.
2. The weather was terrible, it rained/was raining the whole day.
3. While Maria was writing the report, Henry looked/was looking for more information.
4. At 7 o’clock this morning she studied/was studying.
5. The student was reading a magazine while the professor spoke/was speaking.
6. Henry ate/was eating a snack at midnight last night.
7. It snowed/was snowing heavily when he was waking up/woke up.
8. He often borrowed/was borrowing from me when we were students.
9. When he was young he was going/went swimming every Sunday.
10. When I was shopping in Richmond Street I saw/was seeing a car accident.
11. I talked/was talking to my boss when you rang.
12. Last year they were dividing/divided their business into two.