- •Text translation.
- •Key terms – matching and translation.
- •Vocabulary practice: switching.
- •Translation from page.
- •Monopoly and Technical Change
- •Imperfect competition and strategic behavior
- •Text translation.
- •Key terms – matching and translation.
- •Vocabulary practice: switching.
- •Translation from page.
- •Game theory
- •Text translation.
- •Key terms – matching and translation.
- •Vocabulary practice: switching.
- •Translation from page.
- •Mergers and market power
- •Major Merger Movements
- •Text translation.
- •Key terms – matching and translation.
- •Vocabulary practice: switching.
- •Translation from page.
- •Human capital
- •Imperfect competition in labor markets
- •Text translation.
- •Key terms – matching and translation.
- •3 Vocabulary practice: switching.
- •Translation from page.
- •Are Exploitation and Discrimination Caused by Capitalistic Greed?
- •Text translation.
- •Key terms – matching and translation.
- •Vocabulary practice: switching.
- •Translation from page.
- •Interest
- •Interest Rates
- •Income distribution and poverty
- •Text translation.
- •Key terms – matching and translation.
- •Vocabulary practice: switching.
- •Translation from page.
- •Poverty: a relative concept
- •Text translation.
- •2 Key terms – matching and translation.
- •3 Vocabulary practice: switching.
- •Translation from page.
- •Public Goods
Key terms – matching and translation.
Read aloud the key term and its definition so that they make up a single sentence. (Remember about the agreement between the subject and the predicate!). Translate the sentences you have arrived at from English into Russian.
Set I
1 |
Sherman Antitrust Act |
a Made it illegal to monopolize trade or commerce. |
2 |
The Clayton Act |
b "good" trusts were not in violation of the Sherman Act. |
3 |
Market concentration ratio |
c Investigates and challenges unfair methods of competition used by firms. |
4 |
Lemer index |
d Amended Section 2 of the Clayton Act to limit price discrimination even further. |
5 |
Herfindahl-Hirschman index |
e The percent of total industry sales, employment, assets, value-added, or output accounted for by the largest 4, 8, or 20 firms in an industry. |
6 |
Robinson-Patman Act |
f One measure of the monopoly power exercised by a single firm. |
7 |
Federal Trade Commission |
g Acquiring a firm with no intermediate or competitive products. |
8 |
"Rule of reason" approach |
h Weights biggest firms disproportionately heavily in estimating concentrations of market power. |
9 |
Horizontal merger |
i Made it illegal to price discriminate in many instances. |
10 |
Conglomerate merger |
j Acquiring a directly competitive firm. |
Set II
1 |
Trusts |
a A schedule of price/quantity combinations set by a regulatory commission. |
2 |
The per se approach |
b Barriers to entry that enhance some workers' incomes. |
3 |
Vertical merger |
c Economic efficiency can be enhanced with this form of price discrimination on utility rates. |
4 |
Occupational licensing |
d Cartel-like combinations of related firms. |
5 |
Rate structure |
e Certain contracts are so restrictive of competition that they are automatically held to be illegal. |
6 |
Block-pricing |
f Regulation is often tailored to the interests of the regulated industries rather than the public interest. |
7 |
Rate base |
g Acquiring a firm that supplies intermediate products. |
8 |
Public-interest theory of regulation |
h Investment that determines the net returns, allowed utilities. |
9 |
Industry-interest theory of regulation |
i Regulation can correct for failures of the market system. |
10 |
Public choice theory of regulation |
j Government bureaucrats increase the complexity of regulations so that their power and budgets will grow. |