Say whether these statements are true (T) or false (F) , and why.
Date: 2015-10-07; view: 1268.
REVIEWING THE CONCEPT
UNDERSTANDING THE READING
COMPREHENSION
1.4.1. Give extensive answers to the questions. Use the following expressions to start your answers:
| In my opinion … . | As I see it … . |
| From my point of view … . | It would seem to me that … . |
| Personally, I think that … . | As far as I am able to judge … . |
1. What do young people discover while watching television commercials? What economic roles do they settle into?
2. What can be said to prove that wants and needs are satisfied through the consumption (use) of goods and services?
3. How to distinguish between goods and services?
4. What evidence suggests that human wants and needs are infinite (unlimited) while our resources are finite (limited)?
5. What is the major difference between the roles of a consumer and a producer?
6. What are the categories in which consumer goods can be divided?
7. In what way is scarcity related to different types of resources?
8. What are the basic economic questions facing both nations and individuals?
9. Is there a difference between how the government and how the customers answer basic economic questions?
10. What is the basic service your educational institution provides you and your community with? How does it answer each of the four basic economic questions?
e.g.[4] In my opinion it is true that ... .
I'm afraid it is false that ... because ... .
| T F | 1. | People get acquainted with economics when they are still very young. |
| T F | 2. | People make important economic discoveries only when they are old. |
| T F | 3. | There is no gap between what people want and what they can have. |
| T F | 4. | People settle only into one role, the role of a consumer. |
| T F | 5. | In the role of a consumer a person makes the goods or provides the services. |
| T F | 6. | Consumer goods are products that satisfy people's economic needs or wants. |
| T F | 7. | All consumer goods last long. |
| T F | 8. | Most foodstuffs are in the perishable category. |
| T F | 9. | Students working after school or during the summer to earn money for buying some of the things they want are learning about the role of a producer. |
| T F | 10. | Outputs (goods and services) are produced from inputs (resources) sometimes called factors of production. These factors are land, labour and capital. |
1.5 SPEAKING&WRITING
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| Economic activity | | | Saying or writing out numbers |