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Text 2. Elastic and Inelastic DemandСодержание книги Поиск на нашем сайте
Translate into Russian and practice: 1) to have much scope to alter the pattern of purchases 2) to raise revenue from sales 3) to lower revenue from sales 4) prices adjusted for inflation 5) to seek the answer in consumer tastes 6) to be considered socially essential 7) a frivolous luxury 8) the ease of substitution 9) to fulfill the same function 10) to quit smoking 11) to remain unchanged 12) general categories of basic commodities 13) a narrow definition of commodities 14) dairy produce
UNIT 10. CONSUMER CHOICE
Text 1. The Theory of Consumer Choice
Translate into Russian and practice: 1) the properties of demand curves 2) to yield the consumer satisfaction 3) feasible bundles of goods 4) to make the trade off between one good and the other 5) to purchase goods out of available income 6) a balanced purchases of meals and films 7) the crucial role of prices 8) the ratio of the two goods 9) end – points of the budget line 10) to depend on the relative prices of the two goods 11) the point above the budget line (inside the budget line) 12) the quantity of the good that can be afforded 13) the budget available for spending 14) to leave income unspent 15) to represent consumer behavior 16) to summarize the properties of demand curves 17) income elasticity of demand 18) to build a model of consumer behavior 19) to respond to changes in market conditions 20) market environment 21) to spend the income 22) to rank different combinations of bundles of goods 23) a consumption bundle 24) to maximize satisfaction 25) a feasible bundle 26) a range of combinations of meals and films 27) the maximum affordable quantity of a good 28) an affordable consumption bundle 29) to make a choice 30) the relative prices of two goods
Text 2
Synonyms Ø to maximize – to make the most of Ø to rank – to put, arrange in order Ø environment – surroundings Ø to yield – to give, to produce Ø to pick out – to choose Ø to afford – to be able to buy Ø to sacrifice – to give up Ø unaffordable – beyond one’s financial means Ø reasoning – explanation Antonyms Ø apart – together Ø affordable – unaffordable Ø to gain – to loose Translate into Russian and practice: 1) marginal rate of substitution 2) to prefer more to less 3) to sacrifice abundant films for scarce meals 4) to change total utility 5) to tend to increase utility 6) to hold utility constant 7) to give up some good in exchange for another 8) to obtain the same amount of utility 9) to be reluctant to sacrifice smth 10) a robust reasoning 11) a wide range of circumstances 12) to obtain successive equal increases in the quantity of a good 13) to remain unaltered 14) to gain a meal 15) common – sense reasoning 16) diminishing marginal rate of substitution 17) successive increase 18) to rank alternative bundles according to
UNIT 11. OUTPUT SUPPLY Text 1. Revenues, Costs and Profits
Text 2. Earnings
Translate into Russian and practice: 1) expenses incurred in producing goods or services 2) the excess of revenues over costs 3) the calculation of revenues 4) to hire people 5) to rent out people to other firms 6) to charge $10 per hour per worker 7) to lease an office 8) to buy advertising space 9) to show the income statement 10) net income before taxes 11) to pay bills immediately 12) an economic viewpoint 13) to make payments 14) the net amount of money received during the period 15) a poor cash flow 16) to be slow to pay bills 17) a healthy cash inflow 18) the cost of using 19) the cost of buying 20) the reduction in value of the good over a year 21) a purchase price 22) a large cash outflow 23) to plough profits back to business 24) to incur debts
UNIT 12. MACROECONOMICS
Text l. The Overall Picture
Translate into Russian and practice: 1) to pose a question 2) to seek the answer 3) to be concerned with the overall picture 4) to piece together the microeconomic analysis of each and every market 5) the amount of magnification 6) to suppress the interaction with other markets 7) international competitiveness 8) to simplify the building blocks of the analysis 9) to focus on 10) they fit together and influence one another 11) the total demand for goods by households 12) the total spending on machinery and buildings 13) to bluer one’s notion of the individual details 14) to give one’s full attention to the whole picture 15) to keep inflation under control 16) to create jobs 17) the outcome of elections 18) policy measures, policy debate 19) to influence the money supply 20) the subject of lively debate 21) the country at large 22) the ensuing chapters 23) to set a target
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