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