Английский язык: Сборник текстов и упражнений. Бодргина Л.И - 12 стр.

     II. Read and translate these words:
     – to produce – producer;
     – to consume – consumer;
     – to manufacture – manufacturer;
     – to manage – manager;
     – to employ – employer;
     – to export – exporter;
     – to import – importer;
     – to read – reader;
     – to write – writer.

    III. Translate these sentences into Russian paying attention to the use of the
word “to affect”.
    1. These regulations affect individual markets.
    2. Besides taxes affect individual markets.
    3. Many factors affect the prices, wages and earnings.
    4. Weather conditions affected the price of many agricultural produce.

     IV. Choose the correct articles.
     1. Economics as (a, the) science consists of two disciplines.
     2. Microeconomics as (a, the) branch of economics studies producers, con-
sumers, or markets.
     3. Microeconomics as (a, the) branch of economics studies how government
activities affect individual markets.
     4. Microeconomics as (a, the) branch of economics attempts to understand
what factors affect the prices, wages and earnings.
     5. Macroeconomics as (a, the) branch of economics studies the economy as a
whole.
     6. Macroeconomics as (a, the) branch of economics studies the overall values
of output, unemployment and inflation.

     V. Repeat what the text says about:
     – microeconomics;
     – macroeconomics.

                                   The Economy
     The words “the economy” are words we hear or read almost every day. For
example, we may be told that “the world economy is in the doldrums,” or “the Eu-
ropean economy is making little progress out of recession,” or “the UK economy
is beginning to recover,” or “the Scottish economy has held up relatively well dur-
ing the recent recession”.
     But what is meant by the economy? What is an economy? What happens in
one? How does an economy work?
     The economy is a social mechanism which answers these three questions.
The economy means a system for the management, use and control of the money,
goods and other resources of a country, community or household.
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