Ex. 11. Put the questions to the word and word-combinations in italics

1. The economy is a social, constantly changing mechanism.

2. Economicsis a social science studying economy.

3. The word “economics” derives from the Greek word “oikonomika”.

4. The first scientist who made extraordinary contributions to economics was Adam Smith.

5. Adam Smith wrote the work “The Wealth of Nations” which founded economic science.

6. In his work “The Capital” Marx proclaimed that capitalism was doomed.

7. At any moment in time every society faces constraints imposed by nature and by previous

generations.

8. Some societies are handsomely endowed by nature with fertile land, water, sunshine, natural

resources.

Ex. 12. Make up sentences from the jumbled words.

1. sense / of /study /begin /wonder /of /should /the /economics /with /the

2. science / economy /economics /studying /a social /is

3. discipline /two /as /hundred /a scholarly /is /old /years /economics

4. work / 10 years/ writing /Adam Smith / to /his /”The Wealth of Nations” /devoted

5. in / are limited / the factors of production / any country / in supply.

6. does not produce / and / printing / services / more money / more goods.

7. for government / exists / as well as / this problem / and / for individuals / businesses.

8. by / is faced / scarcity / and / every society / the problem / choice / of.

Ex. 13. Multiple choice. In the space provided, write the letter of the item that best