- •Find the terms in the text which describe the following:
- •Answer the following questions:
- •Write a short summary of the text
- •Vocabulary exercises
- •Answer the following multiple-choice questions:
- •Explain the following phrases taken from the text. Use a dictionary if necessary:
- •Determine which of the following statements are true and which are false. Correct those statements which are false
- •Find the terms in the text which describe the following:
- •Answer the following questions:
- •Write a short summary of the text
- •Read and translate the text. Before reading pay your attention to the following words and word combinations from the text
- •Vocabulary exercises
- •Answer the following multiple-choice questions:
- •Determine which of the following statements are true and which are false. Correct those statements which are false.
- •Find the terms in the text which describe the following:
- •Answer the following questions:
- •Write a short summary of the text
- •Text 5. Economic systems
- •Read and translate the text. Before reading pay your attention to the following words and word combinations from the text
- •Vocabulary exercises
- •Answer the following multiple-choice questions:
- •Write a short summary of the text
- •Text 6. Economic institutions and incentives
- •Read and translate the text. Before reading pay your attention to the following words and word combinations from the text:
- •Vocabulary exercises
- •Answer the following multiple-choice questions:
- •Write a short summary of the text
- •Read and translate the text. Before reading pay your attention to the following words and word combinations from the text
- •Vocabulary exercises
- •Answer the following multiple-choice questions:
- •Explain the following phrases taken from the text. Use a dictionary if necessary:
- •Determine which of the following statements are true and which are false. Correct those statements which are false
- •Answer the following questions:
- •Write a short summary of the text
Explain the following phrases taken from the text. Use a dictionary if necessary:
the principle of voluntary exchange
to establish checking accounts
savings and loan associations
coincidence of wants
indirect trade
Determine which of the following statements are true and which are false. Correct those statements which are false
The most primitive form of exchange is trading.
Barter is any generally accepted medium of exchange.
Money has generally replaced barter as a more efficient system for exchange.
Buyers as well as sellers earn profits when they trade.
Greater specialization leads to increasing interdependence between producers and consumers.
Find the terms in the text which describe the following:
A trade or transaction between a willing buyer and a willing seller.
The direct trading of goods without using money.
The market value of the material of which an item is made.
A bank account that pays interest on the money deposited.
Savings institutions that channel funds primarily from individuals to mortgages.
Answer the following questions:
What leads to the output of more goods or services than the producers themselves wish to consume?
What is the principle of voluntary exchange based on?
What is the simpliest form of exchange?
Why was money developed to facilitate exchange?
What gives money its value in the exchange process?
What is the standard definition of the money supply in the United States?
Why was it convenient to separate “money” from other interest-paying assets?
What accounts consisted of interest-paying deposits?
When did US banking regulations allow commercial banks to pay interest on checkable deposits?
What does “interdependence” mean in economics?
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