Learning to Live with Inflation
31
Unit 7. <...> The Social Cost of Unemployment
44
UNIT 1
Pre-reading task. <...> Aid and Migration (Text 1)
The quickest way to equalize world income distribution would be to per-
mit free migration between countries. <...> Similarly, Egypt, India, and Pakistan receive significant transfer
payments from workers temporarily abroad (especially those working in the Persian Gulf). <...> None the less, there is no free and unrestricted immigration to the rich
countries today. <...> One difference between conditions today and conditions during the massive migrations
4
of the nineteenth century is that there are now extensive systems of welfare and
public health in rich countries. <...> At present there seems little prospect of the rich countries allowing immigration on a significant scale, least of all from the poorest countries
of the world economy. <...> Check up the pronunciation of unfamiliar words in a dictionary and read
Text 2 aloud. <...> There is a way to equalize world income distribution. 2. <...> Similarly, Egypt, India, and Pakistan receive significant transfer payments from
workers abroad. 8. <...> There is no free and unrestricted immigration to the rich
5
countries today. 10. <...> At present the rich countries do
not allow immigration on a significant scale. 17. <...> V.
Write out from Text 2 the English equivalents for the following words and
expressions.
1. способ, выравнивать, распределение мировых доходов; 2. разрешать,
свободная миграция; 3. наблюдать, столетие; 4. большая иммиграция, временный; 5. распространенный, особенно, Западная Германия; 6. <...> Translate the Russian version of Text 2 into English (orally).
6
VIII. <...> What way to equalize world income distribution? 2). <...> X.
Replace the Russian words and expressions with their English equivalents.
1. <...> At present time the rich countries (не разрешать) immigration on a significant scale. 10. <...> Translate into Russian the first paragraph of Text 1. <...> LDCs, to increase, export of labour-intensive
manufactures; 5. market share, could quickly become, more significant; 6. trade,
to help the LDCs, more effectively than aid; 7. migration, to help, to equalize
world incomes; 8. rich countries, to be against, significant immigration. <...> The interplay between what concepts determines the quantity of the goods <...>
Economics_for_a_Beginning_Student.pdf
МИНИСТЕРСТВО ОБРАЗОВАНИЯ И НАУКИ РФ
ГОСУДАРСТВЕННОЕ ОБРАЗОВАТЕЛЬНОЕ
УЧРЕЖДЕНИЕ
ВЫСШЕГО ПРОФЕССИОНАЛЬНОГО ОБРАЗОВАНИЯ
«ВОРОНЕЖСКИЙ ГОСУДАРСТВЕННЫЙ
УНИВЕРСИТЕТ»
ECONOMICS FOR A BEGINNING STUDENT
Учебно-методическое пособие для вузов
Составитель
И.Г. Агафонова
Издательско-полиграфический центр
Воронежского государственного университета
2011
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CONTENTS
Unit 1. Aid and Migration
Unit 2. Demand, Supply, and Equilibrium
Unit 3. Inflation
Unit 4. Income Policies
Unit 5. Institutional and Constitutional Reform
Unit 6. Learning to Live with Inflation
Unit 7. Types of Unemployment
Unit 8. The Social Cost of Unemployment
4
8
14
21
26
31
37
44
Стр.3
countries today. 10. There is one difference between conditions today and conditions
during the massive migrations of the nineteenth century. 11. There are now
extensive systems of welfare and public health in rich countries. 12. Opponents
of immigration say the following. 13. Existing residents would end up subsidizing
unskilled immigrants. 14. The United States grew extremely quickly during
the period of large-scale immigration. 15. It is not clear that existing residents
inevitably lose out by admitting immigrants. 16. At present the rich countries do
not allow immigration on a significant scale. 17. They are against immigration
from the poorest countries of the world economy.
V.
Write out from Text 2 the English equivalents for the following words and
expressions.
1. способ, выравнивать, распределение мировых доходов; 2. разрешать,
свободная миграция; 3. наблюдать, столетие; 4. большая иммиграция, временный;
5. распространенный, особенно, Западная Германия; 6. Греция,
Турция, получать выгоду, платежи, посылать, за границей; 7. подобным
образом, Египет, значительные трансфертные платежи; 8. существенный,
направленный к западу; 9. свободная и неограниченная иммиграция;
10. различие, условия, массовая миграция; 11. обширная система, благосостояние,
здравоохранение; 12. противники; 13. существующие резиденты,
прекращать субсидирование, неквалифицированные иммигранты;
14. чрезвычайно, крупномасштабная иммиграция; 15. ясный, неизбежно,
терять, принимать иммигрантов; 16. разрешать иммиграцию, в значительном
масштабе; 17. быть против, мировая экономика.
VI. Translate Text 2 into Russian (in writing).
VII. Translate the Russian version of Text 2 into English (orally).
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VIII. Make up meaningful phrases with the following.
1. there + to be, a way to equalize; 2. it, to be, to permit; 3. this process, to be
observed; 4. since, the migration, temporary; 5. more common, the use of temporary
labour; 6. Greece, to benefit, payments sent home; 7. Egypt, to receive
significant payments; 8. we, to see, substantial migration; 9. there + to be, no
free immigration; 10. there + to be, one difference, conditions today; 11. there +
to be, extensive systems, welfare; 12. opponents, to say; 13. existing residents,
to end up, subsidizing; 14. the United States, to grow, extremely quickly; 15. it,
not to be clear, existing residents, to lose out; 16. the rich countries, not to allow;
17. they, to be against.
IX. Complete the following questions:
1). What way to equalize world income distribution? 2). When was the process?
3). What countries have benefited from? 4). When did we see substantial westward?
5). What systems of welfare and health? 6). How did the United States
grow during the period of? 7). What don’t the rich countries?
X.
Replace the Russian words and expressions with their English equivalents.
1.
There is a way to equalize (распределение мировых доходов). 2. The
process of migration (наблюдаться) in the nineteenth and early twentieth centuries.
3. Since the Second World War the major migrations have been (временный).
4. There is no free and (неограниченный) immigration to the rich countries
today. 5. There are now (обширный) systems of welfare and public health
in rich countries. 6. (Противники) of immigration say the following. 7. Existing
(резиденты) would end up subsidizing, unskilled immigrants. 8. The United
States grew (чрезвычайно быстро) during the period of large-scale immigra7
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tion. 9. At present time the rich countries (не разрешать) immigration on a significant
scale. 10. They (быть против) immigration from the poorest countries
of the world economy.
XI. Summarize in 10 sentences the contents of Text 2.
XII. Translate into Russian the first paragraph of Text 1.
XIII. In several sentences describe the economic situation in LDCs. The following
words and expressions will help you:
1. in the world’s poorest countries, the growth of population, to be fast; 2. labour
productivity, to be low; 3. LDCs, to be reluctant, to exploit, a comparative advantage
in primary products; 4. LDCs, to increase, export of labour-intensive
manufactures; 5. market share, could quickly become, more significant; 6. trade,
to help the LDCs, more effectively than aid; 7. migration, to help, to equalize
world incomes; 8. rich countries, to be against, significant immigration.
UNIT 2
Pre-reading task.
I.
Answer the question.
1. The interplay between what concepts determines the quantity of the goods
that is produced and the price at which it is bought and sold? Explain your point
of view.
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