Ex. 8. Translate the derivatives and use them in the sentences that follow

1. to apply, applied, application

2. industry, industrial, industrialized

3. scarce, scarcity, scarcely

4. to educate, education, educative

5. consume, consumer, consumption

A. Resources of water are _________________in hot and dry areas.

B. Engineers have found some _________________fields for this new material.

C. Television in any country has some _________________programmes.

D. Such countries as Canada, Australia and most European countries belong to ____________ countries.

E. The________________ of electricity by an average family has increased.

Ex. 9. Group the following words into ten synonymous groups.

choice want currency work desire

community goods option shortage labour

enterprise extravagance cash alternative money

luxury company ground deficit society

land firm scarcity wish population

COMPREHENSION

Ex. 10. Match the beginnings of the sentences to their ends using the information from the

Text.

1. The word “economics” derives from …

2. You use or consume tens of thousands of things, …

3. At any moment in time every society faces constraints …

4. He devoted ten years …

5. Economics is the study of how human beings and societies …

6. Economy is a social …

7. Major economic thinkers include …

A. … to writing his work “The Wealth of Nations.”

B. … constantly changing mechanism.

C. … the Greek word “oikonomika”.

D. … David Ricardo, Thomas Maltus, John Mills and others.

E. … imposed by nature and by previous generations.

F. … choose to use the scarce resources.

G. … both tangible and intangible.