- •Economic systems
- •I. Find equivalents:
- •I. Find equivalents:
- •IV. Match each term in Column a with its definition in Column b:
- •V. Define which of the following items best completes the statement:
- •VI. Answer the following questions:
- •VII. Summarize the three types of Economic Systems. Use the table given below:
I. Find equivalents:
1. to conduct transactions 2. in the most efficient manner 3. to act in one's own best interests 4. to stay out of the way 5. to make profits 6. the lack of significant government intervention 7. to adjust to change over time 8. to stay in business 9. incredible variety 10. to switch to 11. on the other hand 12. market economy |
а. отримувати прибуток б. проводити ділові операції в. з іншого боку; у свою чергу г. неймовірна різноманітність д. не втручатися є. працювати для власної вигоди є. залишалися в бізнесі ж. Переорієнтуватися з. найбільш ефективним способом и. ринкова економіка і. змінюватися з часом ї. брак значного втручання уряду |
II. Match the synonyms: a buyer, to desire, to make profits, to take care (of), to supply, to conduct transactions, interest, considerable, a purchaser, to allow, benefit, to get profits, variety, to manufacture, to arrange a deal, to provide (with), significant, to look after, tendency, lack, intervention, to permit, diversity, to produce, interference, trend, to wish, absence.
III. Match the antonyms: to sell, advantage, high prices, to spend money, to decline, flexible, to go out of business, to save money, disadvantage, low prices, worst, to buy, credible, variety, best, uniformity, inflexible, to stay out of the way, incredible, available, to meddle with other people's business, unavailable, to stay in business, level off.
IV. Match each term in Column a with its definition in Column b:
Column A 1. economic system 2. traditional economy 3. command economy 4. business 5. consumer 6. competition 7. market 8. profit |
Column В a. An economic system that allocates scarce resources according to custom. b. An economic system in which major decisions concerning the allocation of resources are made by agencies of the government. c. The approach a country uses to deal with scarcity and achieve its economic goals. d. The production, distribution, and sale of goods and services for a profit. e. The rivalry among buyers and sellers in the purchase and sale of resources and products. f. A person who buys and uses goods of services. g. The difference between revenues and operation costs incurred by a business. h. Place where buyers and sellers сome together to conduct transactions. |