Vocabulary Focus

1. Match the words from Key Vocabulary with definitions:

a) any written rule or collection of rules

b) a person who sells

c) to achieve or accomplish

d) to give some money in exchange for something

e) a particular or indefinite amount of anything

f) a person who buys commodities or services

2. Look through the text and find the equivalents or synonyms of the following words.

goods n

affect v

cooperate v

consumer n

beneficial adj

3. Use the vocabulary of the text to complete the sentences. Guess the suitable word by the first letter.

1. You need a degree to be c… in today's job market.

2. I completely s… your decision to buy new equipment.

3. He thinks that the new regulations will e… people to invest.

4. The car can a… a top speed of 200 km/h.

5. These two chemicals i… with each other at a certain temperature.

6. The boss is worried about q… as well as quality.

Talking Points

1. Do you know the difference between needs and wants, goods and services? Match each item correctly. Write the letter in the blank and give your own examples of:

_____1. Needs

_____2. Wants

_____3. Goods

_____4. Services

_____5. Market

A. Works that are performed for someone.

B. Basic requirements for survival.

C. Location or other mechanism that allows buyers to exchange economic products.

D. Means of expressing needs.

E. Tangible commodities.

2. Suppose that there has been a decline in the price of pork (свинина). What effect will this have on the market for beef (говядина)?

3. Which of the following provides an example of complementary goods? Think of your own examples of complementary goods.

a) Pepsi and Coca-Cola

b) French fries and ketchup

c) Milk and orange juice

d) Beef and pork

Summary Points

1. Identify the main idea of the text “Demand and Supply”.

2. Divide the text into logically completed parts and make up a plan of this text.

3. Describe each point of your plan using phrases from Summary Points (Units 1-4). Use some other words and expressions to show the logical connection between the parts of the summary:

On the one hand,… On the other hand, …	С одной стороны…; с другой стороны
It should be mentioned that …	Следует отметить, что …
The author comes to the conclusion…	Автор приходит к выводу …
On the whole…	В целом …
In brief …	Вкратце, в двух словах …
Thus …	Таким образом, итак …
After reading the text (article, passage) we realize the fact that …	Прочитав текст (статью, отрывок), мы понимаем (убеждаемся), что …