Question

Вставьте в предложения следующие слова в соответствующей форме: to impose, the same, surplus, to buy, consumer, to rise, to increase, equilibrium price, as well as, to fall, shortage (2), inputs, normal 1. ... are the factors of production (land, labour, capital, materials) that are put into a business to produce goods and services. 2. When all goods are ... , lower consumer income reduces the demanded quantity for all goods. 3. When the Beatles and Rolling Stones first became popular, the demand for haircuts (стрижка) suddenly .... 4. When income ..., the demand for most goods increases. Typically, con­ sumers ... more of everything. 5. At any time, the market price may not be the ... leading to excess supply (...) or excess demand (...). 6. If there is a national food ... , a government may ... a ceiling price on food so that poor people can buy enough food. 7. Workers in poor countries having no resources for health and education are often less productive than workers using... technology in rich countries. And without higher productivity it is hard... investment in people... in machinery. 8. Japanese ... pay as much as eight world prices for beef (говядина).

Answer 1

1. Inputs are the factors of production (land, labour, capital, materials) that are put into a business to produce goods and services.
2. When all goods are normal, lower consumer income reduces the demanded quantity for all goods.
3. When the Beatles and Rolling Stones first became popular, the demand for haircuts (стрижка) suddenly fell.
4. When incomes rise, the demand for most goods increases. Typically, consumers buy more of everything.
5. At any time, the market price may not be the equilibrium price leading to excess supply (surplus) or excess demand (.shortage).
6. If there is a national food shortage, a government may impose a ceiling price on food so that poor people can buy enough food.
7. Workers in poor countries having no resources for health and education are often less productive than workers using the same technology in rich countries. And without higher productivity it is hard to increase investment in people as well as in machinery.
8. Japanese consumers pay as much as eight world prices for beef (говядина).