ФМБК
LEXICAL MINIMUM
2nd year 3rd term
ECONOMICS
KEY NOTIONS
Economy Economics Capital Supply and demand GDP GNP Scarcity Human / material resources Equilibrium Opportunity costs Invisible hand Macroeconomics Microeconomics
WORDS WORD-COMBINATIONS
fluctuate remain stable
dimension economic issues
scarcity social standing
imply economic reasoning
abundant state of the economy
idle commonly-agreed upon goals
volatile future returns
allocate standard of living
(un)certainty available resources
inputs a privileged few
output ‘man-made’ goods
labour capital goods
rent absorb the losses
entrepreneurshsip to waste resources
preserve economic rewards
harness laissez-faire
(semi)official succeeding generations
self-adjusting well-worn truths
confirm factual evidence
treatise dominate macro policy
rivalry pure competition
oligopoly substitute products
assets two consecutive quarters
intensity (un)employment rate
downturn capacity utilization rate
upturn sustainable rate
actual aggregate economy (output)
target domestic product
trough most-used economic measure
exceed monetary value
the totals shadow economy
policymakers net international trade
misleading total amount
curve bartering goods
emerge subject matter
long-term pursue interest
short-term enforce / enact law
expound encourage growth
monitor the performance
PREPOSITIONS
Refer to at a given price
Allocate within an industry charge a price for goods
Derive from point along the curve
Be blessed with (with the same quality…) vary inversely / directly with the price
Quest for profit supply of
Interfere with demand for
Views on public policy lead to
Cast a mold for barriers to the competition
Leave the imprint on exert some control over
For this reason concentrate / focus on
At the secular (long-term) rate come out of the trough
Go into a contraction (expansion) contribute to
Go under the name add to / up
Compare to / with opposite to
Дата добавления: 2015-11-04; просмотров: 22 | Нарушение авторских прав
| <== предыдущая лекция | | | следующая лекция ==> |
| Economy (the system according to which the money, industry, and trade of a country or region are organized.) | | | European Powerlifting Federation Lifters Profile |