Exercise 8. Answer the questions on the text

1. What important things a good economist must know?

2. Where can you work after graduating from the Academy?

3. What duties can the economists at the corrections perform?

4. What important things are you taught?

5. What is one of the major problems of institutional managers?

6. What goals of prison programs can you name?

7. What do you think is the most important one?

8. What do you do to become a good specialist?

Exercise 9. Speak about your future profession.

E C O N O M I C S Y S T E M S

I. Read and learn the following words and phrases:

resources – ресурсы

land – земля

available – доступный

to satisfy – удовлетворять

demand – спрос

inhabitants – жители

amount – объем

direction – управление

to decide – решать

decision – решение

consumption – потребление

feature – характерная черта, особенность

ahead – вперед

advantage – достоинство, преимущество

enough – достаточно

to divert – направлять

disadvantages – недостаток

to exist – существовать

to predict – предсказать, предугадать

private enterprise – частное предпринимательство

ownership – собственность

wage – заработная плата

according to / in accordance with – в соответствии с

to interact – взаимодействовать

to determine – определять

pure – чистый

side by side – бок о бок

share – часть, доля

to transfer – переводить, перемещать

items – предметы (товары)

defense – оборона

to avoid – избежать

II. Read the text:

TYPES OF ECONOMIC SYSTEMS

There are a number of ways in which a government can organize its economy.

An economic system is the way in which a country uses its available resources (land, workers, natural resources, machinery, etc.) to satisfy the demand of its inhabitants for goods and services.

There are three main economic systems.