Ex. 10. Study the different meanings of the following words and use them to translate the

Sentences.

a) means n - 1) средство

2) имущество, средства существования

mean v - 1) иметь ввиду

2) подразумевать

3) означать

1. Economists study how to use scarce means to satisfy our wants.

2. The word “money” means anything which is used as a medium of exchange.

3. Money is a means of exchange and a store of value.

4. What do economists mean by “purchasing power” (покупательная способность)?

5. The modern word “economics” has its origin in the Greek word “oikonomos” meaning a housekeeper.

b)cause n 1. причина

2. основание

3. повод

4. дело

5. судебное дело, процесс.

сause v - являться причиной

1. That was the cause of all our difficulties.

2. There is no cause for alarm.

3. That’s a lost cause.

4. He did much for the cost of science.

5. What caused the accident?

6. Damage of the goods may be caused by improper packing.

7. The ruin of the empire was caused by the loss of freedom and the growth of despotism

Ex. 11. Match words with their definitions.

_____ economics	a. items of value that can be seen and touched.
_____ factors of production	b. takes business risks in hopes of earning a profit.
_____ needs	c. land, labour, capital and entrepreneurship
_____ services	d. where buyers and sellers are brought together.
_____ opportunity cost	e. goods or services essential for living.
_____ wants	f. items of value that cannot be seen or touched.
_____ market	g. not enough of everything to satisfy everybody’s wants.
_____ scarcity	h. study of how people use scarce resources to meet needs and wants
_____ goods	i. what one must give up to obtain a good or service.
_____ entrepreneur	j. goods or services which people would like to have, but which are not essential for a living.

Ex. 12. Give the English equivalents to the following words and phrases. Recollect the

Sentences of the text where they were used.

сталкиваться с проблемой _________________________________

удовлетворять желания ___________________________________

делать выбор ____________________________________________

экономить ______________________________________________

ограничивать выбор ______________________________________

проблема нехватки _______________________________________

ограниченные ресурсы ____________________________________

удвоить доходы __________________________________________

истинная причина ________________________________________

финансовые ресурсы ______________________________________

уровень жизни ___________________________________________

отказываться от чего-либо _________________________________

способность к риску ______________________________________

рекламная кампания ______________________________________

“цена выбора” ___________________________________________

Ex. 13. Fill in the gaps using words and word combinations from the text.

1. Although there are a lot of g_______ on sale you have to l______ your choice to one or two. 2. An example may help to show you why more m______ is not the answer to the problem of being unable to s______ all people’s n______ and w______. 3. Even those c______ with more money are always c________ that the country is not p________ enough of l________ that they want to buy. 4. The real c_______ of the s_________ of goods and services in a country is too few f________ of p________. 5. Human wants are u________ but the r________ necessary to s________ those wants are l________. 6. S________ is the i_________ between our wants and the m________ to satisfy those wants. 7. In the p_______ of making c________ people, g________ will try to e________.