Variant №4

1. Match the words with the definitions.

1) earnings a) financial protection 2) consumption b) income 3) recession c) the members of the population able to work 4) workforce d) the amount of a product that people buy or use 5) imports e) the people who control a country and make laws 6) insurance f) when there is not enough of something7) government g) goods and services a country buy abroad 8) shortage h) a serious slowing down of the economy

2. Complete each sentence with a word from the box.

1. Unfortunately, ........for our products raised a little last year. 2. They have lowered the.........of the product because the average customer can't afford it.

3. The Bank of England has again lowered ......., this time from 5% to 4.5%. 4. ……. produce new goods from raw materials. 5. A ......... is someone who buys and sells stock.

6. In an ……., the item for sale is sold to the customer who offers the highest price. 7. In the winter sales the shops often give a……. of up to 50%. 8. My ........ always prepares my tax return for me.

3. Match ( 1-8) with ( a-h) to make sentences.

1. Who is going to be 2. Mergers and acquisitions are taking place between 3. Have you seen 4. Sales are up by 50% 5. I work for a company 6. We plan to launch a new sales campaign 7. These types of products are becoming 8. Our market researchers have come to the conclusion that

a) last month's sales figures? b) that does outdoor advertising. c) compared to this time last year. d) increasingly popular. e) this is an effective approach . f) large companies in the same industry. g) to attract new customers. h) in the charge of this project?

4. Put the words in the right order.

1. jobs, their, a lot, There, of, changes, are, staff, and , worried, are, about 2. below, a price, for, Please, us, the, quote, goods, listed 3. deal, Everybody, that, was , great, a, knew, it 4. address, I, wrong, I'm, wrote, the, on, afraid, delivery, the, package 5. deposit, let, Please, know, us, needed, how, is, much

5. Choose the correct option a-c to complete the sentences. 1. How long .......in sales? a) do you work b) have you been working c) were you working 2. By the time I came back from my business trip, a lot of things ....... . a) had changed b) has changed c) changed 3. The company is huge. It........ a thousand new jobs since the beginning of last year. a) created b) had created c) has created 4. We ....... this product since the beginning of the year. a) have produced b) have been producing c) had produced 5. I'm afraid the company is going bankrupt. It ........big problems lately. a) had b) has had c) was having 6. Before John celebrated his 26th birthday, he ......... his own company a) started b) has started c) had started

6. Complete each sentence with a verb in the correct form, - ing or to... 1. The company succeeded in ........a profit. a) to make b) making 2. I regret.........so much money last week. 28 a) spending b) to spend 3. The buyers want....... our terms of payment. a) knowing b) to know 4. It's obvious he's only interested in.......money. a) to make b) making 5. We should........ the software before giving it to users. a) testing b) test 6. The agent promised .......me as soon as the new product became available. a) to call b) calling

7. Rewrite the sentences in the passive. 1. We will employ several workers. Several workers ........by us. a) will employ b) will be employed 2. You told us there would be a bigger discount. We .......there would be a bigger discount. a) were told b) told 3. The fashion magazine sponsored the exhibition. The exhibition ........by the fashion magazine. a) was sponsored b) is sponsored 4. I have invested my money in real estate. My money ........ in real estate. a) has been invested b) has invested 5. Investors are putting a lot of money into China. A lot of money .......... by investors into China. a) is put b) is being put

8. Underline the correct words. 1. Usually, if we lose money, we cut / will cut the advertising budget. 2. Things are going badly, and if we lose money this year, we cut / will cut the adverting budget. 3. It's unlikely, but if we lost any money this year, we will cut / would cut the advertising budget.

9. Translate the sentences from English into Russian. 1. A progressive taxation system operates in many countries of the world. The more money a person earns the higher the tax he pays. 2. Through taxation governments achieve different goals. They decrease the income gap between the rich and the poor, they discourage people from consuming harmful products and they control overall supply and demand. 3. Most taxation revenues go on public goods which include national defence, healthcare, education and others.

10. A. Read this text What is Money? People in various cultures think of money in different ways. A London banker and an African tribesman have different ideas of what money is. Many people think of money as a currency - metal coins and paper bill. We need it to buy the things we want. We also get money for the work that we do. So, money is a way of exchanging goods and services. In the course of time people searched for better ways of trading goods. They found out that metal, especially gold and silver, was very valuable. Some historians believe that the first coins were made at around 700 B.C. by the Lydians. But it was not until the late Middle Ages that coins became common throughout Europe. Metals were stamped and coins had to have a certain weight. People knew how many coins they needed to buy something because they had a fixed value. Paper money came into use about 300 years ago. The idea came from goldsmiths who gave people pieces of paper in exchange for their gold. These bills could be exchanged for their gold later on. Until the middle of the 20th century governments all over the world had deposits of gold that was worth as much as the money they gave to their people. Paper money had many advantages. It was cheaper to make and easier to carry around. But there were also dangers. Governments could produce as much paper money as they wanted. If they produced too many banknotes and gave them to the people, they would have too much money to spend. If there were not enough goods to buy, prices would go up. The money then would lose its value. We call this inflation. Today, the amount of money in circulation is controlled by central banks. They make sure that paper money has a constant value. More and more people use credit cards to buy things. You don’t have to take real money with you. B. Mark the sentences a) T ( True ) b) F ( False) c) NG ( Not Given ) 1. People knew how many coins they needed to buy something because they had a market value. 2. Paper money had many benefits. 3. The idea of paper money travelled quickly to Europe.