Ex. 1. Find the words in the text to complete the following expressions.
the government should keep ___________________________________
the nations supply of ________________________________________
favourable ________________________________________________
true source of _______________________________________________
the slogan _________________________________________________
since they were ______________________________________________
support industry by ___________________________________________
physiocrats opposed __________________________________________
hoardof _____________________________________________________
Ex. 2. Use the following words to complete the sentences below.
| promoted, regulates, export, provided, to import, argued |
1. He _________________ a car with a radio
2. If I am not _________________ within the next two years I am going to change jobs
3. Government often ____________________ industry.
4. Britain must try _____________ fewer goods from overseas, so as to help her own industries.
5. They sell to their own country but they don't yet _______________to other countries.
6. We _______________with them about politics
Ex. 3. Find in the text the English equivalents to thefollowing words and word-
Combinations.
____________________________________________________
_______________________________________
____________________________________________
__________________________________________________
_______________________________________
_______________________________________________
_________________________________________________
________________________________________________
________________________________________
__________________________________
___________________________
___________________________________________
Ex. 4. Replace the words in italics by synonyms from the text.
1. Mercantilists proved that...
2. should support industry by enacting laws...
3. keep sales to foreign countries high...
4. export prevails import...
5. supply of gold or silver...
6. European countries needed colonies...
7. protected British industry by not allowing...
8. to limit imports...
9. the government shouldnt interfere into business...
10. let nature be as it is...
Ex. 5. Translate into Russian in written form.
Economic Individualism Laissez-Faire
In the late seventeenth century, Louis XIV was reigning as King of France. His finance minister, Jean Batiste Colbert, asked a manufacturer by the name of Legendre how the government might help business. Legendres reply was laissez nous faire (leave us alone). The expression has become a slogan and motto of market economy.
Today laissez faire means absence of government intervention which leads to economic individualism and economic freedom. Under laissez-faire conditions, peoples economic activities are their own private affairs. As consumers, they are free to spend their incomes as they choose. As producers, they are free to purchase economic resources they desire and to use these resources as they wish.
In reality, economic freedom is subject to restraints imposed by society for the protection and general welfare of its citizens.
COMPREHENSION
