Verification work 4 ENGLISH LANGUAGE

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Uploaded: 25.01.2014
Content: 40125190630340.doc (97 kB)
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1. The science of economics ...... business, production, trade, inflation, etc.
     a. study b. studies c. studed d. studied
2. Economic resources include material and non-material .......
a. things b. thing c. thung d. thinges
3. Economists test theories ...... empirical evidence.
a. using b. use c. used d. uses
2. Working with text.
The Role of Market (The role of the market)
Reports in the press tend to say "the market did this" or "the market expected good news on the economic front", as if the market were a single living entity with a single conscious mind. This is not, of course, the case. To understand reports of market behaviour you have to bear in mind the way the market works.
Assignments
1. Suggest the Russian equivalents
a single living entity with a single conscious mind; a shorthand expression; to be reconciled by adjustment of smth; a suitable part-time job; to offer high wages; to guide smb´s decision; to cover the cost of smth.
2. Fill in the gaps with the words and expressions from the text.
1. To understand reports of market behaviour you have to ...... the way the market works.
2. On the stock market, business can be transacted over the telephone, almost by .......

Additional information

Assignments
1. Suggest the Russian equivalents
a single living entity with a single conscious mind; a shorthand expression; to be reconciled by adjustment of smth; a suitable part-time job; to offer high wages; to guide smb´s decision; to cover the cost of smth.
2. Fill in the gaps with the words and expressions from the text.
1. To understand reports of market behaviour you have to ...... the way the market works.
2. On the stock market, business can be transacted over the telephone, almost by .......
3.Much of economics is devoted to the study of how markets and prices ...... society to solve the problems.
4. ...... your desire to eat, and your limited resources, the low hamburger price told you that this was a good way to ...... your appetite.
5. If rents were higher, it might be more profitable to sell hamburgers in a cheaper area or ,,,,,, to ...... lunches.
6. The student behind the counter was part of the local ...... market.
7.We ...... a very general definition of markets, which emphasizes that they are through, which prices influence the allocation of scarce resources.
3. Find in the text English equivalents for the following market behavior; stocks and bods market; carry out the transaction, the transaction; have anything to do with anything; considering anything (taking into account); to someone else; profitably sell; switch to anything; unskilled work; allocate resources through the price system; reduce the capacity of the economy; bid up the price; reallocate expenses; wholesale market; mechanisms (structures) by which influence the distribution rates.
4.Answer the questions
1. What example is given of a market where sellers and buyers actually meet?
2. How are households´ decisions on what to buy reconciled?
3. Why do prices adjust?
4. What problems do markets and prices solve for society?
5. Why is the cafe owner in business?
6. Why do not cafe owners have to pay high wages?
7. What makes society put resources into hamburger production?
8. What would consumers do if hamburger prices rose?
9. How many markets are you involved in if you buy a hamburger? What are those markets?
10. Enumerate all the components comprising the concept of "Market".
11. What does the term "resources" comprise?
12. In what way can prices guide your decision to buy some goods?
13. In what way can prices guide a person´s decision to take a job?
5. Translate these sentences.
1. The securities market, like any market in general, where the deals are made, is a mechanism (structure) through which prices are regulated by the allocation of scarce resources in society.
2. The needs of different groups in society are brought into correspondence by changing (adjusting) the prices of goods and resources - labor, capital (equipment), land.
3. Many students looking for a job in a cafe, because it takes them only a fraction of the time and does not require qualification, despite the fact that the owners of the cafes offer a low fee for such work.
4. If the capacity of the economy for the production of meat products decreased, the price of meat would rise, and buyers would buy sandwiches with cheese, ie price adjustment led to a redistribution of resources to the Company.

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