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2. Give synonyms to the words:

Own, fasten, demand, wear out, prohibit, inheritance, command, vigorous, distort, seniority, advantage, happen, decrease, heaviness, carry into effect, execute, give rise to, set up, authorize, support

3. Give antonyms to the words:

Get, possess, relinquish, encourage, disadvantage, prohibit

4. A) Translate the word combinations into Russian without using a dictionary, then check with a dictionary:

  • an economic superpower

  • most valued natural resources

  • to support a modern industrialized economy

  • a well-educated labor force

  • management practices

  • transition to a market economy

  • macroeconomic stabilization

  • economic restructuring

  • promote economic growth

  • an environment of stable prices and exchange rates

  • link the economy with the rest of the world

b) Work in small groups, make up sentences with these word combinations.

5. Match the word combinations with their Russian equivalents:

1. marketing permit

a. влечь за собой ответственность

2. establish business relations

b. выполнить договор

3. implement a contract

c. содействовать развитию торговли

4. to entail liability

d. договорные связи

5. promote trade

e. разрешение на продажу товара

6. contractual links

f. установить деловые отношения

6. Translate the sentences into Russian:

  1. She required that everyone should attend the annual meeting.

  2. He passed through three years of college without really learning anything.

  3. She declined to address the delegates.

  4. New ideas occur to him in the act of negotiating.

  5. It did not occur to me to mention it.

  6. The project will entail considerable expense.

  7. She aided him in his work.

7. Match the words and their definitions:

1. centrally planned economy

a. a code of laws adopted by a state or nation;

2. economic policy

b. tools by which government can influence the economy by affecting interest rates.

3. Communist Party

c. an economic system in which economic decisions are made by centralized planners who determine what sorts of goods and services to produce and how they are to be priced and allocated

4. a market-based economy

d. the market within a country's own borders

5. monetary policy

e. an economy where economic decisions, such as pricing of goods and services, are made in a decentralized manner by the economy's participants and manifested by trade

6. legal code

f. the set of actions that a government can take in terms of its expenditure, borrowing, setting of interest rates, etc.

7. domestic market

g. a political party which promotes a sociopolitical philosophy based on the particular interpretation of Marxism