VI. Match the words with their definitions

V. Suggest the Russian equivalents for the words and word-combinations given below

IV. Answer the following questions

III. Learn the following words

affect - воздействовать

available - доступный

borrow - занимать

consume - потреблять

consumption - потребление

deal with – иметь дело, рассматривать

demand - спрос

develop – развивать, разрабатывать

employee - служащий

equipment - оборудование

existence - существование

income - доход

goods - товары

scarce - скудный

output – выпуск продукции

scarcity - недостаток

utility – полезность

1.What is the very starting point of economic activities?

2. Why does every society have the problem of scarcity?

3. What do you understand by the term "utility"?

4. When did the development of the modern economics begin?

5. What do economists do?

6. Which ways of looking at economics exist?

A shop-keeper, a large amount of goods, to store, usefulness, value, to compare, human wants, choices, development, to solve, efficient, as a whole, to seek, society, to influence, economic forces.

1) consumer a) a big company, or a group of companies acting together as a single organization
2) corporation b) the amount of money of usefulness that something has  
3) value c) the amount of money for which something is sold, bought, or offered  
4) scarcity d) someone who buys and uses products and services
5) price e) the group of people who govern a country or state
6) government f) a situation in which there is not enough of something
7) utility 7) g) the amount of money that something is worth  

VII. Choose one of the words from Task VI to make the sentences complete

1.There was a wider choice of goods for the ... .

2. The alterations doubled the ... of the house.

3. He works for a large American ....

4. The new military ... doesn't have popular support.

5. If you want to drink tea, it has ... for you.

6. They agreed on a ... Ј 2000 for the car.

7. There is a great... of qualified specialists in some agricultural

areas.

c