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                  1. Entry test

I. Choose an appropriate variant.

1. Economics is a

a) theory how society works b) theory how people live c) theory how people earn money

                  1. Economics as an academic discipline is relatively a) new b) old

                  1. The guiding idea of economics is … .

c) dull

c) scarcity

a) production b) planning

                  1. The first major book of economics was published by … . a) Alfred Marshall b) Adam Smith c) Karl Marx

                  1. The economists’ job is to evaluate the choices that exist for the use of … . a) resources b) food c) machines

                  1. One alternative definition of economics is that it is the study of … . a) needs b) wealth c) services

                  1. The concept of welfare in economy is concerned with the whole state of … a) health b) law c) well-being

                  1. We have resources both in rich countries and in poor countries.

                  1. a) good

b) limited

c) vast

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9. Modern economists take account not only of the output of economic goods but also of economic such as .

a) advertising b) retailing c) pollution

10. One of the primary concerns of economics is to increase the of a society.

a) wealth b) beauty c) goodwill

11. A market economy is a method of organizing the economy to produce

goods and services.

a) simple b) free c) busy.

                  1. Promotion of economic ____ is one of the objectives of economic policy. a) wealth b) growth c) length

                  1. Market are the economic situation that exists within a market.

a) forces b) sector c) conditions

14.Keynes’s theories have had an important on modern economics.

a) influence b) growth c) news

15. Many people believe that inflation leads to decline.

a) economics b) economic c) economical

16.He studies at Harvard University.

a) economy b) economic c) economics

17. Economy is organization of the production, , and consumption of goods

in a community.

a) growth b) distribution c) importance

18. The economics of national growth is of the greatest to all modern

governments.

a) importance b) wealth c) needs

19. Economics is the science of the way in which industry and produce and

use wealth.

a) trade b) manufacture c) stores

20. Economics is the principles of profit and the of wealth.

a) distribution b) selling c) production.

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УЧЕБНЫЙ ЭЛЕМЕНТ 1 (УЭ-1) WHAT IS ECONOMICS?