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Comprehension check. I. Give English equivalents to the following:

VI. Answer the questions | COMPREHENSION CHECK | Study carefully the meaning of the following phrases and word combinations to avoid any difficulty in understanding the following text. | COMPREHENSION CHECK | VI. Translate into English | STARTING A BUSINESS | TYPES OF BUSINESS | Sole Trader | Study carefully the meaning of the following phrases and word combinations to avoid any difficulty in understanding the following text. | THE SOLE PROPRIETOR |


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  7. COMPREHENSION CHECK

I. Give English equivalents to the following:

Экономика, экономическая теория, производство, потребление, распределение, обмен, дефицит, доход, уровень жизни, изучение поведения в сферах производства, физические лица, ограниченность ресурсов, безграничные потребности, удовлетворение своих желаний и потребностей, предмет экономической теории, малые экономические единицы, крупномасштабные экономические явления, экономический анализ, занятость населения, товары и услуги, национальный доход, стабильность, оптимизация, нехватка рабочей силы.

 

II. Read the international words and guess their meanings:

Economic activity, economic system, macroeconomics, microeconomics, to produce, to operate, to protect, to analyze, to finance, to manufacture, to specialize, to focus, to affect, service, school, hospital, garage, fact, base, production, material, industry, radio, strategy, status, export, import, institution, distribution, division, investment, history, organization, period, spectrum, agriculture, essential, basic, industrialized, oriented (policy), national, financial, social, major, fact, base, total, primarily, public.

 

III. Are the following statements true or false?

1. There is no brief description of the content and character of economics.

2. Economics is only a theoretical science.

3. Economics deals with the problem of income, employment and interest rates.

4. Economics also deals with weather forecasting, psychology and fantasy writing.

5. In recent years economists switched to the new fields, such as political science and sociology.

6. Macroeconomics deals with global questions only.

7. Macroeconomics means economics in the large because it asks more questions than microeconomics.

8. Macroeconomist analyses activities of families and large firms.

9. Such concepts as gross domestic product, national income and personal disposable income serve as meaningful totals.

10. Macroeconomic analysis shows the development of the economic theory.

 

IV. Fill in the gaps using the words given:


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