Term Translation
неиспользуемые ресурсы
idle resources
перестать искать работу
to give up looking for a job
an extended period of general underemployment of our economic resources
depression
What are the main issues of macroeconomics?
Inflation, unemployment, output and growth.
Turn the sentence into reported speech:
"If I had a ladder, I could change the light bulb," he said.
He said that if he had had a ladder, he could have changed the light bulb.
доверительно-сберегательный банк
trustee savings bank
ссужать / одалживать деньги под 3%
to lend money at 3 %
a level above zero consistent with full employment at which the demand for labor equals the supply of labor
the natural rate of unemployment
What does tax shifting usually depend on?
Whether taxes are shifted forward, backward or not at all will depend upon the elasticity of demand and supply.
Describe the difference between 'liable to' and 'liable for'.
liable for - legally responsible for
liable to - likely to suffer from
инфляция, вызванная ростом издержек производства
cost-push inflation
разрушать покупательную способность единицы валюты
to erode the purchasing power of a unit of currency
a medium of exchange based on the debt of a private firm or individual
IOU money
What is the difference between private, public and merit goods?
A private good is a good that, if consumed by one person, cannot be consumed by another.
A public good is a good that, even if it is consumed by one person, is still available for consumption by others.
Merit goods are goods that society thinks people should consume or receive, no matter what their incomes are.
Which of these verbs cannot be followed by 'in': implicate, result, succeed, benefit, specialize?
benefit from something
рост занятости, количества производимой продукции и потребительской активности
expansion of employment, output and consumption
снижать способность бедного населения покупать товары первой необходимости
to reduce the ability of the poor to buy necessities
a function of money which permits it to be used to make purchases in the future
store of value
Name the four stages of the business cycle in order.
Boom, contraction, recession, expansion.
Which verbs can be followed by -ing and which - by infinitive + to?
miss, like, manage, risk, decide, try, ask, finish
miss, finish, risk - with -ing
manage, decide, ask - with inf.+to
like, try - with either
принцип налогообложения по платежеспособности
the ability-to-pay principle of taxation
взять на себя бремя налогов
to assume the burden of taxes
the amount that a person has left buying necessities
discretionary income
What are the qualities that money should posses?
Stability, portability, durability, uniformity, divisibility, recognizability.
Turn into reported speech:
"You should try and take part in the competition next year," she told them.
She suggested / proposed / recommended that they (should) try and take part in the competition the following year.