Соотнесите слова и их определения.

Переведите следующие слова и выражения на английский язык.

Переведите следующие слова и выражения на русский язык.

Выберите правильный вариант ответа.

1. ………… is a situation where buyers and sellers do not know enough about each other's positions to price goods and services properly.

a) business cycle b) competition c) incomplete market

2. …………. occur where there are significant social costs or benefits from production or consumption that are not reflected in market prices.

a) emission fees b) externalities c) wage rates

3. ……… is a prime source of market failure.

a) macroeconomic instability b) consumption c) restraint on producers

4. ………. arise where one party has more or better information than the other.

a) information asymmetries b) external shocks c) restraint on producers

5. ………… are goods which are undersupplied in a typical market.

a) private goods b) personal goods c) public goods

Ответьте на вопросы.

1. When does market failure happen?

2. What is information asymmetry?

3. What is cost-benefit analysis?

4. What are public goods?

5. What is incomplete market?

6. Выполните КОПР №3 «Группа времен Progressive (Continuous)», подтемы «Present Progressive (Continuous) Tense», «Past Progressive (Continuous) Tense».

Part 2

Прочитайте незнакомые слова перед прослушиванием текста.

break even - не приносить ни прибыли, ни убытка

throw in – добавлять, вставлять

2. Прослушайте текст «Street Market» (для прослушивания кликните один раз на приведенную ниже ссылку, удерживая клавишу «Ctrl», после загрузки страницы нажмите на кнопку проигрывателя).

Ссылка для прослушивания: http://esl-lab.com/flea/fleard1.htm

Выберите правильный вариант ответа.

1. Why did the man not buy the ring for sale?

A. He doesn't think it is very special

B. Someone else bought it before him

C. He has no need for a ring

D. The ring is too small

2. What is the problem with the CD player?

A. The buttons are scratched

B. The CD casing is chipped

C. The handle is damaged

D. The display is loose

3. The man is not interested in the leather jacket because:

A. it is stained
B. he already has one

C. its too expensive
D. the seams are coming undone

4. What is the customer's initial counter offer for the records?

A. $25

B. $28

C. $30

D. $35

5. From the conversation, what does the customer probably purchase from the merchant in the end?

A. only records

B. only a vase

C. some records and a vase

D. nothing