Примерный перечень вопросов:

1. What countries are referred to as English-speaking ones?

2. Are those developed or developing countries?

3. What characteristics for a free market economy?

4. What are the major ingredients of an economic system?

5. Why do economies of English Speaking countries prove to be so successful?

6. Explain the terms boom, boost, expansion, contraction, work ethic, recession, depression

7. Provide definitions for real estate, currency exchange rate, well off, purchasing power, PPP

8. What is accounting called the language of business?

9. What are revenues and expenditures?

10. How is standardized accounting system achieved?

11. What is the difference between a bookkeeper and an accountant?

12. How are accountants classified in the USA?

13. What kind of services accountants provide?

14. How are they called in Britain and the USA?

15. What is a balance sheet?

16. What is the income statement or the profit and loss statement (P&L)?

17. What is the cash flow statement?

18. De-code the following formula: Assets= Liabilities+Owners’ Equity

19. Provide a definition for short-term capital.

20. Provide a definition for long-term capital.

21. What is meant under “assets”?

22. What does a new business need to start operations?

23. What is capital?

24. Why does a company need a capital?

25. Define a term “Finance”

26. What is the difference between short-term and long-term financing?

27. Who makes financial decisions in a company?

28. What 2 basic types of financing do corporations use?

29. Provide a definition for Economic growth.

30. Provide a definition for Full employment.

31. Provide a definition for Price stability.

32. Elaborate on the difference between macroeconomics and microeconomics

33. Resources are….. complete the definition

34. Translate the terms: scarcity, free resource or good, scarce, market system, market. Provide meaning for each of it.

35. De-code: GDP

36. De-code: GNP

37. What is opposite for employment?

38. Translate the following notions: the rate of inflation, aggregate performance, nation boundaries, wage, salary, profit, rent, interest income

39. List and elaborate on the kinds of unemployment

40. Provide examples of functions of money

41. Definition of Money is….

42. The balance sheet of a typical bank consists of …

43. What is the difference between the demand of money and supply of money?

44. Contractionary fiscal policy is…

45. Expansionary fiscal policy is…

46. What institution carries out the monetary policy in the US?

47. What is a brief name for Federal Reserve Bank in the US?

48. What is a national debt?

49. What is a budget surplus?

50. If gov’nt expenditures are exactly equal to tax revenues in a given year, then what…?

51. Provide definitions for foreign exchange, foreign exchange market, fixed exchange rate, flexible rate, the forward rate,

52. What is behind Marshall-Lerner condition?

53. What does imposition of taxes alter?

54. Briefly tell the history of antitrust legislation

55. List arguments favoring antitrust enforcement. Elaborate on them

56. List arguments against antitrust enforcement. Elaborate on them

57. What is the difference between income tax and capital gains tax

58. Who pays corporation taxes?

59. What is tax burden?

60. Provide derivatives for the word “tax”