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4. The opinion of Mark Miles was that the countries with the
highest level of economic freedom not always have the
highest living standards.
5. Nations ranked 4.0 and above are considered repressed.
6. Uzbekistan and Turkmenistan ranked below Ukraine on the
short list of dozen countries the study considered to be
repressed in terms of economic freedom.
7. The Republic of Belarus improved its score in the rating by
reducing taxes, removing price controls, speeding the
privatization of state assets and restructuring its banking
industry.
8. The index did not take any note of the nation’s
underdeveloped and undercapitalized banking sector.
9. Government invention in the economy, property rights,
regulation and black market activity are embraced by the
index.
10. Several countries in Western Europe have lowered
corporate taxes, and many of the Soviet bloc countries have
enacted flat taxes.

8. Translate the following sentences into Ukrainian.
1. More than a decade after the collapse of the USSR, former
Soviet states continued to show poor progress.
2. The Slovak Republic was singled out for having
implemented positive reforms.
3. According to the report, Estonia has embraced economic
freedom perhaps more than any other former Soviet state.
4. Ukraine has shown a little progress over the year,
according to the survey.
5. The index ratings reflect an analysis of 50 economic
variables, grouped into 10 categories.
6. The index ratings reflect an analysis of 50 different
economic variables, grouped into 10 categories: banking
and finance; capital flows and foreign investment;

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