Ex.4. Match the words on the left with the definitions on the right
| | scarcity | a | the study of the way in which money and goods are produced and used |
| | consumer | b | a continuing increase in prices, or the rate at which prices increase |
| | economics | c | a subject or problem that is often discussed or argued about, especially a social or political matter that affects the interests of a lot of people |
| | demand | d | a situation in which there is not enough of something |
| | distribution | e | the number of people in a particular country or area who cannot get a job |
| | inflation | f | a balance between two opposing things that you are willing to accept in order to achieve something |
| | unemployment | g | someone who buys and uses products and services |
| | issue | h | all the people who live together in one house |
| | costs | i | an advantage, improvement, or help that you get from something |
| | GDP | j | the need or desire that people have for particular goods and services |
| | trade-off | k | the money that you must regularly spend in order to run a business, a home, a car, etc |
| | surplus | l | the act of sharing things among a large group of people in a planned way |
| | benefit | m | the total value of all goods and services produced in a country in one year, except for income received from abroad |
| | income | n | an amount of something that is more than what is needed or used |
| | household | o | the money that you earn from your work or that you receive from investments, the government, etc |
Ex.5. Make up verb+noun collocations (there may be several variants).
| to satisfy | scarce resources |
| to make | economics |
| to allocate | answers |
| to provide | wants and needs |
| to produce | tools |
| to determine | products |
| to find | decisions |
| to study | demand for goods |
| to design | goods and services |
| to purchase | rational judgements |
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