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.
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1.
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(a)
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economy
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(b)
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economics
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(c)
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economist
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(d)
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ecology
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2.
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(a)
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enterprise
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(b)
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individual
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(c)
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independent
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(d)
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private
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3.
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(a)
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change
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(b)
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sale
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(c)
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exchange
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(d)
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expression
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4.
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(a)
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contrast
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(b)
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conflict
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(c)
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contradiction
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(d)
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opposition
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5.
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(a)
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administration
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(b)
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a minister
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(c)
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administered
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(d)
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administrator
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6.
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(a)
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section
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(b)
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sector
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(c)
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elements
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(d)
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servants
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7.
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(a)
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ruled
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(b)
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rule
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(c)
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ruling
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(d)
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ruler
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8.
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(a)
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business
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(b)
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enterprise
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(c)
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economy
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(d)
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economics
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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.
