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Change Ukrainian words in brackets for their English equivalents1. Large quantities of one good may be needed for compensating small reduction in the other good if a (постійний) level of (корисності) is (повинен підтривуватися). 2. In a free market it (передбачається) that every producer seeks to (максимізувати) profits by selling the product at the highest possible price, and every buyer seeks to (максимізувати корисність) by obtaining the product at the lowest possible price. 3. Consumer demand is not the quantity that the consumers would like to have but the quantity that they want to pay for, (тобто), demand in the economic (зміст). 4. Economic system is the (певний) way in which the economic activity in a country is organized, such as capitalism or socialism. 5. The model of consumer (витрати) on different goods (залежить від) the level of consumer income. 6. Increases in the quantities demanded typically (змінюються) with different goods as incomes rise. 7. Energy demand will increase at about 3.6 percent (на рік (у) the coming ten years in the USA. 4. Insert the proper words into sentences and translate them into Ukrainian: (choice, to obtain (2), number, that is, within (2), to maintain, constant, rather than, per (4), provided, to result in, to assume, to choose) 1. We assume that the consumer prefers to have more of a good….. less. 2… the good whose price has risen is a normal good, the economist can… that the demand for it will fall. 3. A constant level of utility is… through correct choice of goods or services that can be… at one time. 4. The lower price….. additional demand. 5. People must often make a… between two or more goods. They usually… the good with the highest utility… the limited budget, … … choose the cheapest good. 6. Income is usually counted… year, but sometimes also… month or even… week. 7. The man having a credit card has to pay… a certain… of days for everything that he has bought with its help during the month. 8. We do not assume that… acre productivity will remain… as modern agricultural technology allows farmers to… better results. 5. Answer the following questions to the text Theory of Demand. 1. What is consumer demand? 2. What factors influencing consumer demand are assumed constant? 3. What is the principal assumption of the demand theory? 4. Which choice does the consumer have to make? 5. What is marginal utility? 6. How should the consumer allocate his income? 7. How does the marginal utility change as the consumption of a good increases? 8. In what way is the marginal utility connected with price? 9. What is market demand? 6. Translate the following sentences from English into Ukrainian using the active vocabulary of the text Theory of Demand. 1. These two goods are good substitutes. 2. The problem of the consumer is to choose the particular goods and services within the limits imposed by his budget. 3. If the consumer wants to maintain a constant maximum utility and at the same time obtain more of a good, he should decide the consumption of which other good has to be reduced. 4. The relationship between utility and he goods consumed depends on the social, physiological, demographic and other characteristics of the particular consumer. 5. Budget constraint means that your expenditures for all the goods consumed must be equal to your income. 6. Economic theory is the part of the study of economics that examines and explains how the economic system is affected by man's behavior by nature, markets and governments. 7. Consumers want to buy a good as long as the ratio between its marginal utility and price is the same as for other goods. 8. The increase in the number of people in the world is followed at present by an increase in per capita comsumption. Поиск по сайту: |
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