Put the correct words from a–d below in the text.
Watch the video and check your answers
What is a mixed economy? The mixed
economy is an economy that is a mix of a market (1)___ in which there is a free
exchange of goods in a (2)___ market, and a planned economy which is totally
controlled by a governmental entity. A mixed economy has elements of both where
there is some free (3)__ in a private sector, but also rules regulations
administered by a government. There it is definitely a great (4)___ between
economic policies of George Bush in the United States and Barack Obama.
George Bush definitely was more yearning towards pushing a market economy,
Barack Obama is more geared to rules regulations (5)___ by government but both
are actually administering a mixed economy where elements of both private and
public (6)____ interact. Even in country like China, which is politically a
one-party (7)___ country, the Communist party, there are still elements of
capitalism in China, most notably Hong Kong, a huge banking center full of a
private (8)___. So for the technical matter, even communist China is a
mixed economy.
1.
|
(a)
|
economy
|
(b)
|
economics
|
(c)
|
economist
|
(d)
|
ecology
|
2.
|
(a)
|
enterprise
|
(b)
|
individual
|
(c)
|
independent
|
(d)
|
private
|
3.
|
(a)
|
change
|
(b)
|
sale
|
(c)
|
exchange
|
(d)
|
expression
|
4.
|
(a)
|
contrast
|
(b)
|
conflict
|
(c)
|
contradiction
|
(d)
|
opposition
|
5.
|
(a)
|
administration
|
(b)
|
a minister
|
(c)
|
administered
|
(d)
|
administrator
|
6.
|
(a)
|
section
|
(b)
|
sector
|
(c)
|
elements
|
(d)
|
servants
|
7.
|
(a)
|
ruled
|
(b)
|
rule
|
(c)
|
ruling
|
(d)
|
ruler
|
8.
|
(a)
|
business
|
(b)
|
enterprise
|
(c)
|
economy
|
(d)
|
economics
|
1 Give
Ukrainian equivalents for the following words and expressions.
Governmental, huge, towards, planned economy, totally.
2 Comprehension questions.
1. What main traits does a mixed economy have?
2. Who definitely was more yearning towards pushing a
market economy?
3. Are there still elements of capitalism in China?
4. Is communist China a mixed economy?
3 Say if the
following statements are true according to the text.
1. The mixed economy is an economy that is in mix of a
market economy in which there is a free exchange of goods in a private market.
2. Barack Obama
definitely was more geared towards pushing a market economy.
3. In Hong Kong there
are still elements of capitalism.
4. Obama was more geared to rules regulations administered
by government but was actually administering a mix economy where elements of
both private and public sector are in conflict.
5. Communist Japan is a mixed economy.
6. A mixed economy has elements of both.
7. Some free exchange is important in a private sector.
8. A planned economy is totally controlled by a
governmental entity.
9. There is a great contrast between economic policies of
George Bush in the United
States and Barack Obama.
10. China is a mixed economy.
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