Until comparatively recently there (0) (be) no firm evidence for the existence of giant sea monsters. however, tales of such creatures (13) (be) common for many centuries, inspiring fear and fascination among sailors. towards the end of the nineteenth century, a number of dead giant squid (14) (wash) up on the shores of newfoundland, which (15) (force) scientists to rethink their opinion. however, all their attempts to capture a live specimen (16) (end) in failure.then, in 2004 two japanese researchers (17) (be) successful in taking the first ever photos of a giant squid in its natural habitat. they were astonished by what they (18) (see up until that point, the scientists (19) (think) that squids rarely (20) (move) and simply (21) (eat) whatever drifted by, but the photos (22) (reveal) that they (23) (misunderstand) the nature of these enormous creatures. taken at a depth of 900 meters off japan’s ogasawara islands, the pictures show the squid aggressively attacking bait on a line. now marine scientists worldwide (24) (be) eager to discover more about the nature and behaviour of giant squid

I live in a large 26 storey house. We have a friendly home, many friends who are my age. We have a neighbor, that screams at night and doesn't sleep. We have another house next door that is built just like our (но по-моему правильней будет ours). My friend lives there. There is a store near my house «SMALL». My dad and I have been going to the store and buying food for more than 5 years. Also, there is a store next to the house that was built not long ago. We go there very rarely. Near our house there is an old night club that is being converted into a residential complex. I sometimes go to this club when there are no people.

Supply of labour Why do people work? To make money, of course. However, nothing in economies is ever that simple. The economist will ask a further question: how much arc people prepared to work? The answer to this question is much more complex. Finding the right balance between work time and leisure time is one of the trade-offs we have to make in life. The balance each person chooses depends on a number of things

First of all, there are natural limits. There are only 24 hours in a day, and we can't spend all of them working. Most people need eight hours sleep. That brings the number of hours we can spend on work or leisure down to 16. None of us arc robots, so we all need some time to rest and switch off from work. This also brings down the possible number of working hours

Then, of course, money plays a role. The way money influences working hours, though, is quite complicated. It can be separated into two effects: the income effect and the substitution effect.

The income effect works like this: People's time is a resource. If they give up that resource for work, they need compensation. This is usually in the form of a wage for hours worked. The more compensation they get for each hour worked, the less they will need to work. People with higher rates of pay (wages) can afford to have more leisure time than people on lower ratevS of pay.

So far, so good. However, are people happy just sitting at home and enjoying themselves? It depends on what they'll lose. In other words, it depends on the opportunity cost of not working. As the hourly rate for work increases, the cost of not working also increases. This means that as the wage rate increases, people want to work more hours. This is called the substitution effect. But the substitution effect also has a limit. Eventually, people will not work more hours, no matter how good the compensation is

A good wage rate clearly attracts more workers, and encourages them to work longer hours. However, the strength of this relationship depends on how elastic the labour supply is, Sometimes it is difficult for companies to fmd a certain kind of worker. Perhaps there are not many people with the necessary skills. Or perhaps the company is in a place where there are not many available workers. In these situations, even if employers double the wage rate, they will only attract a small number of extra workers. The labour supply is inelastic. In the opposite situation, when it is easy for companies to find workers, the labour supply becomes elastic.