VI. Find Russian equivalents to the following phrases in the second column.
Date: 2015-10-07; view: 426.
V. Read the text again and decide whether these statements are true (T) or false (F).
IV. Answer these questions using the active vocabulary of the text.
1. What is the definition of economics?
2. Why are resources scarce?
3. What are the two main theories of economics?
4. What do they deal with?
5. What are the goals of economic policy?
6. What is inflation?
1. Economics is the study of how society allocates scarce resources and goods.
2. Society's tendency is to demand more resources and goods than are available.
3. The term market refers to any arrangement that allows people to trade with each other.
4. Microeconomics is concerned with the study of the market system on a large scale.
5. Macroeconomics is concerned with the choices made by small economic units such as individual consumers, individual firms, or individual government agencies.
6. Economic policies are normally implemented and administered by the private sector.
7. Three widely accepted goals include labor force, inflation and the incomes of all consumers.
| 1.scarce resources 2.available 3.on a large scale 4.aggregate performance 5.household 6.implemented 7.value judgments 8.strive to 9.appropriate goals 10.general price level | a)в крупном масштабе b)доступный c)хозяйственный d) субъективные оценки e)недостаточные ресурсы f)общий ценовой уровень g)реализованный h) стараться, пытаться i)совокупная производительность j)соответствующие показатели |
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| III. Read the text and explain the highlighted words. | | | III. Read the text and underline advantages and disadvantages with regard to each type of companies. |