Инглиш / DEVELOPING VOCABULARY
.docxDEVELOPING VOCABULARY
1. Match the words listed below with the definitions that follow.
Econometrics, well-being, wealth, production, economy, seller , economist, finance, value, distribution , exchange, money, investment , banking, buyer, enterprise, income, price |
The business engaged in by a bank.
A person who buys; purchaser; customer.
The division of the total income of a community among its members.
The application of mathematical and statistical techniques to economic problems and theories.
A specialist in economics.
The complex of human activities concerned with the production, distribution, and consumption of goods and services.
A business unit; a company or a firm.
8. The system by which commercial debts between parties in different places are settled by commercial documents, esp. bills of exchange, instead of by direct payment of money.
9. The system of money, credit, etc., esp. with respect to government revenues and expenditures.
10. The amount of monetary or other returns, either earned or unearned, accruing over a given period of time.
11. The act of investing money.
12. The official currency, in the form of bank-notes, 'coins, etc., issued by a government or other authority.
13. The cost at which anything is obtained.
14. The creation or manufacture for sale of goods and services with exchange value.
15. A person who sells.
16. The worth attached by someone to something.
17. All goods and services with monetary, exchangeable, or productive value.
18. The condition of being contented healthy or successful; welfare.
2. Group the words that follow into six synonymous groups.
aim examination investigation research
analysis exploration merchandise study
buyer goal objective welfare
commodities goods organization well-being
customers inquiry purchaser
establishment institution purpose
3. Group the words that follow into six antonymous groups.
buyer expenditure infinite
consumer finite producer
decline growth seller
employment income unemployment
4. Complete the sentences with appropriate terms from the list below.
allocation of resources macroeconomics economic efficiency development economics microeconomics economic growth normative economics positive economics social sciences opportunity cost econometrics scarce goods factors of production economics |
1.The branch of economics that focuses on the activities of individual decision-making units is ….
The branch of economics that focuses on the behavior of the entire economy is ….
The science that studies how societies allocate scarce resources is ….
The study of economic phenomena that applies mathematical and statistical techniques to economic problems and theories is …
Goods the supply of which is insufficient to satisfy the demand are….
The ability of a manufacturing plant to produce at a low cost or market value is …
Choosing the particular use to which scarce resources(means of production) are put, e.g. whether to use water for electric power or for crops, is…
An economic analysis that includes judgments about what to be done, rather than simply theorizing is…
An economic analysis that is free of value judgments, i.e. independent of any particular ethical position or normative judgments is ….
A branch of economics that examines and explains the process of economic growth and the human and social organizations that make this growth possible is …
The benefits lost by not employing an economic resource in the most profitable alternative activity is …..
Where there is an increase in real output there is…
Those things that are transformed into final goods and services desired by society are…
The group of studies seeking to establish a science of the social life of human groups is called…
5.Add an appropriate preposition to each of the following sentences where indicated.
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About, against, between, in, on, for, into, with
No one ever succeeded … neatly defining the scope of economics.
Macroeconomics is concerned … the economy as a whole.
Economists engage … systematic inquiry … the effects of those human activities which are grouped under three broad headings: production, exchange, and consumption.
Economics seeks to apply a scientific method to construct theories… the processes involved and to test them… what actually happens.
Economics examines conflicting demands… resources and the consequences of whatever choices are made.
Macroeconomics deals … the behavior of individual consumers, companies, traders, and farmers.
Specialised area of economics attempt to answer questions … a broad spectrum of human economic activity, including public finance, money supply and banking, international trade, etc.
Economics deals primarily…relations…buyer and seller.
The areas of investigation… economics overlap…other social sciences.
Many factors are responsible … self-sustaining economic growth.