II. Choose the word to complete the sentence. I. Match the following terms with their definitions

I. Match the following terms with their definitions.

Test 2

III. Choose the correct grammar form to complete the sentence.

II. Choose the word to complete the sentence.

1. The study of economics helps people and societies make better…

a) alternatives b) choices c) options d) variants

2. To produce goods and services … are needed.

a) sources b) responses c) reserves d) resources

3. Every economic choice has an … cost and an … benefit.

a) occasion b) chance c) opportunity d) possibility

4. Economists study the ways how to … the economy efficiently.

a) jump b) lead c) run d) make

5. After the war the country was in a bad … state.

a) economical b) economy c) economic d) economics

1. They haven’t … the best solution to this problem yet.

a) chose b) choose c) chosen d) choosing

2. Do you know the person who … the report just now?

a) make b) makes c) is making d) has been making

3. He studies … to receive Master’s degree in economics.

a) hardly b) hard c) harder d) hardest

4. She seems to be a very talented economist, …?

a) is she b) isn’t she c) does she d) doesn’t she

5. At our last meeting he … his new project.

a) had presented b) has been presenting c) presented d) was presented

6. The resources … very efficiently.

a) allocated b) were allocated c) had been allocating d) were allocating

7. He knew that they… already a new treatment to the problem.

a) offered b) had offered c) were offering d) had been offering

8. They reported that the new plant … into operation in two months.

a) had been launched b) was launched c) would be launched d) will be launched

9. The economists calculated that with this new equipment more output ….

a) will generate b) will be generated c) would generate d) would be generated

10. She wanted to know what particular approach ….

a) did they apply b) they applied c) they apply d) do they apply

(to be performed after studying Units 3-4)

1. the quantity demanded of a good will be greater at lower prices than will be the quantity demanded at higher prices	Shortage
2. the quantities of a product or service that a firm is willing and able to make available for sale at different prices	Equilibrium price
3. the price at which the quantity demanded equals the quantity supplied	Supply
4. the condition in which the quantity demanded is greater than the quantity supplied at a certain price	Surplus
5. the condition in which the quantity supplied is greater that the quantity demanded at a certain price	Law of demand

1. There are many products that you can afford, but you may not be willing to spend your … on them.

a) outcome b) input c) output d) income

2. If the price of coffee goes up, people … coffee with tea or other drinks.

a) exchange b) purchase c) substitute d) buy

3. Price elasticity is the … showing how the quantity demanded responds to a change in the product’s price.

a) figure b) number c) data d) measure

4. The supply … illustrates how quantity supplied increases with price.

a) axis b) point c) intersection d) curve

5. Such goods as bread, meat, or milk are … the demand for which is inelastic.

a) groceries b) substitutes c) necessities d) complementaries

Дата добавления: 2014-11-29