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2) These newspapers have never been seen by me.
3) These are newspapers I never have seen.
24. “He is making calculations”.
1) He makes calculations.
2) Calculations are being made by him.
3) Calculations are making him.
Read the text
The American economy is described as a free enterprise system that allows
private business the freedom to operate for profit with minimum government
regulations and help.
The theoretical foundation of the American economic system was provided by
Adam Smith, the eighteenth-century Scottish philosopher, whose economic ideas had
a strong influence on the development of capitalism. According to Smith, the result is
good for all when any individual is allowed to gain profit freely. He must be
motivated by self - interest. The more people manufacture and trade, the greater is the
competition.
Complete the sentences using one of the variants
25. We speak about a free enterprise system when…
1) only government may regulate production.
2) producers may get profit with little government assistance.
3) government regulates only profitable production.
26. In free-enterprise economy …
1) producers may manufacture expensive goods.
2) producers manufacture goods only for export.
3) producers may gain as much profit as they like.
27. The competition depends on …
1) the amount of trade and produced goods.
2) the producers and those who trade.
3) the influence of government.
28. The competition is greater when…
1) production is regulated by the state.
2) economic ideas are good.
3) very many goods are produced.
29. The underlined word «he» in the text stands for…
1) Adam Smith.
2) American government.
3) Any person.
30. Choose the appropriate title for the text
1) The Life of Adam Smith.
2) Development of Capitalism.
3) Principles of Free Economic System.
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