Vocabulary. economics – экономическая теория, экономика

economics – экономическая теория, экономика

to economize - экономить

resources - ресурсы

to satisfy wants – удовлетворять нужды

scarce – скудный, недостаточный

science - наука

social – общественный, социальный

society – общество

TASKS

Task 1. Why are these verbs combined in the group? How are they to be pronounced?

economize

organize

prioritize

analyze

Task 2. Give synonyms to the following words.

individual

firm

society

needs

Task 3. Which one isn’t the same?

1. describe, among, choose, analyze;

2. individuals, society, economize, firm;

3. social, wants, scarce, necessary/

Task 4. Which one can logically combine the rest of the words?

Governments, business firms, everyone, individuals

Task 5. True or false?

1. The resources necessary to satisfy limited wants are unlimited.

2. Nobody needs to make choices from among the things they want.

3. They will try to economize – to get the most from what they have.

Task 6. From adjectives with the opposite meaning using the prefixes un-, il-, im-.

proper

legal

limited

necessary

social

important

possible

lawful

probable

Task 7. Match the Russian word combinations in columns B with the English ones in column A.

A

to face scarcity

to be scarce

a scarcity of money

scarce commodity

natural scarcity

нехватка денег

недостаточное снабжение

создавать дефицит (намеренно)

естественная ограниченность

ресурсов

недостаточные ресурсы

scarce resources

scarcity of supplies

to contrive scarcities

столкнуться с дефицитом

быть в дефиците

дефицитный товар

Task 8. Answer the following questions.

1. Who is to economize?

2. Why do they do it?

3. What is economics?