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Vocabulary exercises

1.Which of the following statements are true/false according to the text? Correct the false sentences:

1. More than half a century ago one of the most prominent economists of the twentieth century, said…

2. Practical men are the slaves of some modern economist.

3. Most of the ideologies of the modern world have been shaped by prominent economists of the future.

4. And current world leader routinely solicit the advice and policy suggestions of the economists from the past.

5. The King of the United Kingdom benefits from the recommendations of his Council of Economic Advisers.

6. The broad range of economic issues is suggested by the contests of the annual Accounting Report of the President.

7. Economics is mainly an academic subject.

8. Economics is primarily a how-to-make-money area of study.

9. Economics ultimately examines problems and decisions from the personal point of view.

10. Knowledge of economics will help you run a business or manage your personal finance.

2. Fill in the gaps with the words and expressions from the text:

1. The world is _____ by nothing else.

2. Most of the ideologies of the _____ world have been shaped by prominent economists of the past.

3. Areas covered typically _____ unemployment, inflation, economic growth, taxation, poverty, international trade, health care, pollution, discrimination, immigration, and education, among others.

4. Current world leader routinely solicit the _____ and policy _____ of today’s economists.

5. The President of the United States benefits from the _____ of his Council of Economic _____.

6. The _____ Economic Report of the President _____ such areas as typically unemployment, inflation, economic growth, taxation, poverty, international trade, health care, pollution, discrimination, immigration, and education, among others. 7. Knowledge of economics will help you _____ a business or _____ your personal finance.

8. But that is not its primary _____.

9. Economics ultimately _____ problems and decisions from the social, rather than the personal, point of _____.

10. The production, exchange, and _____ of goods and services are discussed from the viewpoint of society’s best interest.

3.Find in the text English equivalents for the following:

сталкиваться

предлагать

годовой

влиятельный

современный мир

совет

бедность

налогообложение

экономический рост

здравоохранение

реклама

бухгалтерский учет

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