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17. Provide missing words.

  1. The USSR was a ……….. of communism.

  2. The Americans are ………… to a system of private enterprise.

  3. To control an economy is much the same as to ……….. it.

  4. The work was carefully …………. by the authorities for five years.

  5. It is necessary to make a sharp …………. between planned and unplanned economies.

  6. He does not work in this ………… of the economy but in the public one.

  7. A mixed economy possesses some of the qualities of the two main ………… of economic system.

  8. Coal, steel and farming are very important national ……….. .

  9. The ………… of the workers were happy about the new plan, but a small number were not.

  10. Some industrial ………… , like BP and ICI, are international as well as national in their activities.

18. Arrange the following sentences in their proper order.

  1. It meets regularly, under the chairmanship of the Prime-Minister.

  2. Each committee is concerned with an individual industry and is composed of members from management, the trade unions, government committees and three independent members.

  3. The NEDC, which was set up in 1962, brings together representatives of government, management and the trade unions, and provides a meeting place for the discussion of future policy and planning.

  4. The EDCs study measures to improve efficiency and competitive power in each industry.

  5. Other members are the ministers of the main economic departments of the government, representatives of management and trade unions and the nationalised industries, independent members and other interested people.

  6. The NEDC has set up twenty-one Economic Development Committees.

19. Put prepositions in the blanks of these sentences.

  1. The central authority is concerned _______ methods of production.

  2. His capital was finally reduced ______ nothing.

  3. They charged quite a lot of money ______ that commodity.

  4. The government is usually responsible _____ the people ______ the condition of the national economy.

  5. Citizens are required to conform _______ the law.

  6. He agreed _____ the other economists that the system was unusual.

  7. He was paid well ______ the government _______ the work he did.

  8. The people hoped _______ a reduction in the price _______ essential goods.

  9. That man subscribed ________ a number of important newspapers and magazines containing information ______ economics.

  10. The consumption _______ coal and steel has increased greatly ______ recent years.

  11. They have provided many services _____ the citizens _____ that town and do not charge very much ___ the services.

20. Decide which suffix is necessary to change these words from activities etc. To the people who engage in them.

teaching

politics

working

science

statistics

electric (repairs)

mathematics

labouring

banking

mining

music

driving

economics

ecology

farming

technical (work)

chemistry

agronomy

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