5. Соотнесите слова и их определения.
1. insurance
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a. money provided by a bank or other institution to help buy or do something
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2. finance
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b. protection against something bad happening
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3. decision-making
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c. someone who buys goods or services
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4. customer
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d. an advantage, improvement, or help that you get from something
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5. benefit
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e. the process of making important decisions
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6. Переведите следующие слова и выражения на английский язык.
1. рыночная цена
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6. внешние факторы экономической деятельности
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2. совершенная конкуренция
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7. естественная монополия
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3. государственный сектор
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8. рыночная неэффективность
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4. негибкость цены
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9. несовершенный рынок
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5. общественные товары (блага)
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10. издержки производства
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7. Переведите следующие слова и выражения на русский язык.
1. external shock
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6. business cycle
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2. macroeconomic instability
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7. undermine markets
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3. wage rates
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8. consumption
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4. information asymmetry
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9. restraint on producers
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5. second hand car market
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10. good quality
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8. Выберите правильный вариант ответа.
1. ………… is a situation where buyers and sellers do not know enough about each other's positions to price goods and services properly.
a) business cycle b) competition c) incomplete market
2. …………. occur where there are significant social costs or benefits from production or consumption that are not reflected in market prices.
a) emission fees b) externalities c) wage rates
3. ……… is a prime source of market failure.
a) macroeconomic instability b) consumption c) restraint on producers
4. ………. arise where one party has more or better information than the other.
a) information asymmetries b) external shocks c) restraint on producers
5. ………… are goods which are undersupplied in a typical market.
a) private goods b) personal goods c) public goods
9. Ответьте на вопросы.
1. When does market failure happen?
2. What is information asymmetry?
3. What is cost-benefit analysis?
4. What are public goods?
5. What is incomplete market?
Аудиторная работа
10. Переведите следующие прилагательные
а) с отрицательными приставками:
ineffective – effective (эффективный); inactive – active (активный); irregular – regular (регулярный); improper – proper (правильный);
б) образованные от существительных при помощи суффиксов – fid (обозначает наличие качества) и – less (обозначает отсутствие качества):
landless, fruitful, fruitless, endless, resourceful
11. Напишите русские эквиваленты следующих интернациональных слов. Сгруппируйте слова по частям речи.
reserve, traditionally, to finance, industrialization, to exploit, politician, quota, strategy, exports, imports, tariff, protectionism, statistics, license, energy, dynamic, equivalent, dividend, subsidy, corruption, specific, special, partner, to calculate, calculation, migration, investment, rent, real, indicator, privatization, standard
12. Назовите номера предложений, в которых причастие в функции определения употреблено в постпозиции.
1. Reductions in income increase the quantity demanded if a good is inferior.
2. There is an assumption that the consumer chooses the good having the greatest utility for him.
3. The entire quantity produced does not have to be sold at once.
4. The utility depends on the quantities of the goods consumed.
5. Marginal utility is the utility obtained from that unit of a good that a consumer thinks is important for him to obtain.
6. As consumers prefer more to less, an increase in the amount of a good bought increases utility.
7. The consumer will always prefer buying the good that gives him more marginal utility per dollar spent.
13. Переведите следующие предложения на русский язык, обращая внимание на глаголы, выражающие долженствование.
1. The consumer has to decide by how much the good A is preferred to the good B.
2. A great increase in the supply of money in the form of bank notes and bank credit is to result in inflation, that is, a rise in the general level of prices.
3. If prices change, the consumer will have to change the quantities demanded if he is to maintain utility at the same level.
4. Not all partners in a firm must take an active part in management.
5. The economist should be able to say which factors affect the allocation of resources for producing a particular good.
6. He ought to take a more active part in decision making on the exports strategy of the company.
7. Provided additional inputs are to be obtained, producers must have smaller risks of a fall of price between the time of making a decision and the time of selling their products.
8. Having the aim to maximize profit, the producer should make a decision how to reduce inputs.
14. Замените русские слова в скобках их английскими эквивалентами.
1. Large quantities of one good may be needed for compensating small reduction in the other good if a (постоянный) level of(полезности) is (должен поддерживаться).
2. In a free market it (предполагается) that every producer seeks to (максимизировать) profits by selling the product at the highest possible price, and every buyer seeks to (максимизировать полезность) by obtaining the product at the lowest possible price.
3. Consumer demand is not the quantity that the consumers would like to have but the quantity that they want to pay for,(то есть), demand in the economic sense (смысл).
4. Economic system is the (конкретный) way in which the economic activity in a country is organized, such as capitalism or socialism.
5. The model of consumer (расходы) on different goods (зависит от) the level of consumer income.
6. Increases in the quantities demanded typically (изменяются) with different goods as incomes rise.
7. Energy demand will increase at about 3.6 percent (в год) (в) the coming ten years in the USA
15. Выберите правильную форму причастия из предлагаемых в скобках вариантов.
1. Market is an (organizing / organized) group of buyers and sellers of a particular good who are in contact with each other and who know the level of demand and supply so that there is only one price (calling/called) the market price.
2. Changes in prices of the products (producing/produced) with the same resources will change the supply.
3. The economist is interested in factors (affecting/affected) the allocation of resources for producing particular goods.
4. Excess supply is a situation in which, at a certain price, the quantity of a particular product (demanding/demanded) by buyers is less than the quantity (supplying/ supplied) by industry.
5. Improvements in technology may be a factor (leading to / led to) changes in supply
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