Exercise 6. Find words in the text synonymous in meaning to the following. Read the sentences containing them.

word	synonym	word	synonym
progress		many
really		in place of
fundamental		necessary
to separate		an ingredient
to look for		to guide
special		in the end
commonly		helpful
to foreseen		to explain

Exercise 7. Find in the box the English equivalents to the words listed below. More than one is possible.

вивчення (2)

визначати ціну (2)

виробляти (3)

включати (3)

досліджувати (3)

з іншого боку (3)

зазвичай (3)

закон (2)

збільшувати(ся) (3)

зосереджуватися (2)

показник (2)

рівень цін (2)

розв’язувати (3)

розподіляти (2)

сукупний (3)

твердження (3)

точка зору (2)

to concentrate on	to contain	a view	in general	an indicator		a study
on the contrary	to decide	to make	to examine	a statement		overall
to rise	total	a measure	to allocate	to distribute		to go up
to produce	usually	an assertion	to look into	an opinion		generally
a level of prices	to solve	to include	in contrast	to increase		a price level
an investigation	a law	to focus on	a principle	to involve
on the other hand	to determine a price		to manufacture		to establish a price

Exercise 8. Replace the words or word combinations in bold type with their synonyms.

1. The principles of economics help solve problems in a wide variety of areas.

2. Economics helps us examine trade-offs between various goals.

3. Almost all issues of governmental policies involve economics.

4. Studying economics helps people realize the difference between statements of fact and expressions of opinion.

5. Microeconomics focuses on determining why individuals purchase one product instead of another.

6. Macroeconomics, on the other hand, looks into behaviour and the overall production efficiency of the economy as a whole.

7. Macroeconomics usually includes such issues as the effects of total employment on the economy, total output and general price levels.

8. Economics is the systematic study of how the decisions made by individuals, business firms and the government affect the way in which resources are distributed in society.

9. Good economic indicators show a nation’s high living standards.