Give the best definition for the following economic terms.

Date: 2015-10-07; view: 562.

Economic potential; GDP; interest rate; resort infrastructure; a wage grid; labour market; domestic currency deposit; unitary republic enterprise; exporter/importer, tariff system; local budgets; subsidiary; foreign trade; refinance rate; gross output; to subsidize; advanced payment; to outstand loans; free tourist zone.

4. Choose the variants that best explain the ideas of the sentences below.

1. Recently, the Belarusian economy has shifted into sustained high gear.

a) Recently the Belarusian economy has focused on heavy industry development.

b) Recently, the Belarusian economy has become a steady mechanism.

2. Subsidization of agricultural sector in Belarus is carried out by direct government credits, advanced payments for realization of state orders.

a) Subsidization of agricultural sector in Belarus is done via enhanced government credit payments for realization of state orders.

b) The government backs the agricultural sector in Belarus providing allowances for realization of state orders.

3. Belarus' soils are generally fertile, especially in the river valleys, except in the southern marshy regions.

a) Belarus' soils are generally in abundance of natural recourses especially in the river bushy passages, except in the southern marshy regions.

b) Belarus' soils have nutrients capable of sustaining growth of plants, especially in depressions near rivers, except in the southern swampy regions.