Question

Ii. fill in the correct word or word combination (a, b, c) 1. economics as a science of two disciplines: microeconomics and macroeconomics. a) consist b) consists c) is consisting 2. he ever keynes? a) has, read b) is, reading c) was, reading 3. output for export to climb. a) continued b) has continued c) was continued 4. certain clauses of contract must and signed. a) be written b) to be written c) write 5. some of the items necessary in any contract. a) is b) are c) was 6. this method when the buyers are unknown to the sellers. a) used b) uses c) is used 7. this method of payment risk. a) involve b) involves c) is involving 8. goods for export to be properly packed. a) must b) are c) is 9. adam smith to the principal economic beliefs of his day. a) was objecting b) objects c) objected 10. although modern technology the principles of the division of labour remain unchanged. a) was improving b) is improved c) has improved 11. standard of living in many nations continues to decline. a) developed b) developing c) has developed 12. simply the equation of exchange tells that total spending is equal to the total value of goods and services produced by the economy. a) state b) states c) stated 13. in marx’s view, the course of history almost solely by economic forces. a) determines b) has determined c) has been determined 14. during the 1960s it was believed that unemployment to 4% of labour force without causing inflation. a) could be reduced b) can be reduced c) can reduce 15. opportunity cost an important concept in microeconomics. 4 a) is b) was c) will be

Answer 1

1. Economics as a science of two disciplines: microeconomics and
macroeconomics.
b) consists 
2. he ever Keynes?
a) Has, read 
3. Output for export to climb.
 a) continued
4. Certain clauses of contract must and signed.
a) be written 
5. Some of the items necessary in any contract.
b) are 
6. This method when the Buyers are unknown to the Sellers.
c) is used
7. This method of payment risk.
 b) involves 
8. Goods for export to be properly packed.
 b) are 
9. Adam Smith to the principal economic beliefs of his day.
c) objected
10. Although modern technology , the principles of the division of labour remain
unchanged.
 c) has improved
11. Standard of living in many nations continues to decline.
a) developed 
12. Simply , the equation of exchange tells that total spending is equal to the total
value of goods and services produced by the economy.
c) stated
13. In Marx’s view, the course of history almost solely by economic forces.
a) determines 
14. During the 1960s it was believed that unemployment to 4% of labour force
without causing inflation.
a) could be reduced 
15. Opportunity cost an important concept in microeconomics.
4
a) is