- •Find the terms in the text which describe the following:
- •Answer the following questions:
- •Write a short summary of the text
- •Vocabulary exercises
- •Answer the following multiple-choice questions:
- •Explain the following phrases taken from the text. Use a dictionary if necessary:
- •Determine which of the following statements are true and which are false. Correct those statements which are false
- •Find the terms in the text which describe the following:
- •Answer the following questions:
- •Write a short summary of the text
- •Read and translate the text. Before reading pay your attention to the following words and word combinations from the text
- •Vocabulary exercises
- •Answer the following multiple-choice questions:
- •Determine which of the following statements are true and which are false. Correct those statements which are false.
- •Find the terms in the text which describe the following:
- •Answer the following questions:
- •Write a short summary of the text
- •Text 5. Economic systems
- •Read and translate the text. Before reading pay your attention to the following words and word combinations from the text
- •Vocabulary exercises
- •Answer the following multiple-choice questions:
- •Write a short summary of the text
- •Text 6. Economic institutions and incentives
- •Read and translate the text. Before reading pay your attention to the following words and word combinations from the text:
- •Vocabulary exercises
- •Answer the following multiple-choice questions:
- •Write a short summary of the text
- •Read and translate the text. Before reading pay your attention to the following words and word combinations from the text
- •Vocabulary exercises
- •Answer the following multiple-choice questions:
- •Explain the following phrases taken from the text. Use a dictionary if necessary:
- •Determine which of the following statements are true and which are false. Correct those statements which are false
- •Answer the following questions:
- •Write a short summary of the text
Read and translate the text. Before reading pay your attention to the following words and word combinations from the text
investment in capital goods savings
productive capacity
means of communication to consume saving and loan associations to make loans
by purchasing issued shares bonds
to contribute to pension funds mutual funds
a diversion of productive resources up-to-date technologically advanced capital goods an office worker investing in capital goods
investment in human capital relevant training opportunity cost
the incorporation into production
the introduction of innovation in capital
goods
government policies providing transportation facilities
інвестиції в основний капітал заощадження
виробнича потужність, виробничі можливості
засоби зв’язку (сполучення) споживати, використовувати позиково-ощадні асоціації (амер.) надавати позику купуючи випущені акції боргові зобов’язання робити внески у пенсійні фонди взаємні фонди
сучасні технологічно передові засоби
виробництва
службовець
капіталовкладення у засоби виробництва
інвестування у людський капітал відповідна професійна підготовка альтернативна вартість, вартість невикористаних можливостей вклад у виробництво запровадження інновацій
(прогресивних технологій) у засоби виробництва урядова політика (курс) забезпечення засобами
транспортування
iong-term commitment the genera! welfare tax policy price regulations trade restrictions
здійснення сільськогосподарськії: досліджень
довгострокові зобов’язання загальний добробут, достаток податкова політика регулювання ціни торгові обмеження
performing agricultural research
Vocabulary exercises
Answer the following multiple-choice questions:
The use of resources to increase productivity is called
expenditure
investment
profit
return
To experience gains in productivity, an economy must increase investment in
tools and equipment
education and training
research and development
all of these
People will decide to invest when
the benefits outweigh the costs
interest rates are low
interest rates are high
the economy is fully employed
Individuals who invest time or money in education and training
become more productive
get better jobs
increase their income
all of these
Technological change can be defined as
the process of providing goods and services.
the rate at which goods or services are produced.
the incorporation into production of new knowledge and processes.
the application of science to production Explain the following phrases taken from the text. Use a dictionary if necessary:
investment in capital goods
up-to-date, technologically advanced capital goods
technological change
modifications of the goods and services
government actions and policies play a role in effecting on productivity
Determine which of the following statements are true and which are false. Correct those statements which are false.
Saving represents income not spent.
Investment always involves an element of risk.
Investing in education and training carries opportunity costs.
Governments discourage increases in productivity.
Living standards are directly related to productivity.