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1. It is still possible to sell hamburgers at a profit.
2. People's desire to eat hamburgers guides resources into hamburger production.
3. The student behind the counter is working there because it is a suitable part-time job which pays a bit of money.
4. You probably prefer steak but that is more expensive.
5. Much of economics is devoted to the study of how markets and prices enable society to solve the problems of what, how, and for whom to produce.
6. The distribution problem is solved in a similar manner.
7. Markets bring together buyers and sellers of goods and services.
8. Society is allocating resources.
9. Adjustment in prices would encourage society to reallocate resourcesto reflect the scarcity of a particular commodity.
XVI. Fill in the blanks with the correct forms of the verbs given in brackets
1. Adjustments in prices … society to reallocate resources to reflect the increased scarcity of cattle (to encourage).
2. If the wage … much lower, it … hardly … working at all (to be, to be worth).
3. The price of steak … high enough to … that society … the «for whom» question about lunchtime steaks in favour of someone else (to be, to ensure, to answer).
4. The job … (to be unskilled) and there (to be) plenty of students looking for work, so owners of cafes … not (to offer) very high wages.
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