Exercise 7. Fill in the missing words in the text below and then translate into Ukrainian. Use Vocabulary-2 and Exercise 2A.
	Although the type of ______(1) system used by a nation is the result of a political decision, it is also in even larger part the result of a historical experience that, over time, becomes a national culture.
	The economic system of the United States is principally one of private ______(2). This system, often referred to as a ‘free ______(3) system’, can be contrasted with a socialist economic ______(4), which depends heavily on government planning and public ownership of the means of ______(5).
	Yet government has to some extent always been involved in regulating and ______(6) the U.S. economy. At the same time, U.S. citizens have always had the freedom to choose for whom they will work, and what they will buy.
	As a rule, ______(7) look for the best values for what they spend, while ______(8) seek the best price and profit for what they have to ______(9). Government, at the federal, ______(10) and local levels, seeks to ______(11) the public safety, assure reasonable ______(12), and provide a ______(13) of services believed to be better performed by public rather than ______(14) enterprise. Some of these ______(15) services include the administration of justice, education (although there are many private schools and training centers), the postal (but not the telephone) service, the road system, social statistical ______(16) and, of course, national defense.
	In the United States, most people are simultaneously consumers and ______(17); they are also voters who help influence the decisions of government. The mixture among ______(18), producers and members of ______(19) changes constantly, resulting in a dynamic rather than a static economy.





Exercise 2A. Match the phrases in column A with their equivalents in column B.
A	B
1. A ‘free enterprise system’, can be contrasted with a socialist economic system, which depends heavily on government planning and public ownership of the means of production.	A. Споживачi прагнуть купити за свої грошi найкращий товар, а виробники - отримати найкращу цiну та найвищий прибуток вiд товару, який пропонують на продаж.
2. Consumers look for the best values for what they spend, while producers seek the best price and profit for what they have to sell.	B. Взаємозв'язки мiж споживачами, виробниками та урядовцями постiйно змiнюються, що робить економiчну систему динамiчною.
3. The economic system of the United States is principally one of private ownership.	C. Уряд завжди був певною мiрою причетним до процесу керування економiкою США.
4. In the United States, most people are simultaneously consumers and producers; they are also voters who help influence the decisions of government.	D. Уряд на федеральному, штатному та мiсцевому рiвнях пiклується про безпеку громадян, сприяє чеснiй конкурентнiй боротьбi та надає певнi послуги.
5. Government, at the federal, state and local levels, seeks to promote the public safety, assure reasonable competition, and provide a range of services.	E. Бiльшiсть громадян Сполучених Штатiв є одночасно споживачами, виробниками та, звичайно, виборцями, що чинять вплив на полiтику уряду.
6. The mixture among consumers, producers and members of government changes constantly, resulting in a dynamic rather than a static economy.	F. ‘Систему вiльного пiдприєм-ництва’ можна протипоставити соцiалiстичнiй економiчнiй систе-мi, що спирається на державне планування та усуспiльнену власнiсть на засоби виробництва.
7. Government has to some extent always been involved in regulating and guiding the U.S. economy.	G. Економiчна система Сполучених Штатiв ґрунтується на принципi приватної власностi.


Vocabulary 2 below and then proceed to the exercises.
private ownership 	приватна власнiсть 
‘free enterprise system’	‘система вiльного пiдприємництва’
government planning 	державне планування 
public ownership 	усуспiльнена власнiсть 
means of production 	засоби виробництва 
regulating and guiding the U.S. economy 	процес керування економiкою США
consumers 	споживачi 
producers 	виробники 
at the state and local levels	на штатному та мiсцевому рiвнях
promote the public safety	пiклуватись про безпеку громадян
reasonable competition	чесна конкуренцiя 
provide a range of services	надавати певнi послуги 
public services	послуги, що входять до компетенцiї державних установ
social statistical reporting	громадська статистична служба