Unit 11
1. The riches can include valuable things, money, gold, actions, works of art, the earth, the property, jewels.
2. Except the salary or the unemployment benefit, there are also other sources of the income. For example, percent on savings in bank or the rent from property.
3. Riches distribution in many countries remains practically without changes for many years. The considerable part of riches concentrates in hands of a small part of the population. The inequality is difficult for eradicating.
4. Lorentz's curve shows a parity between incomes and the population, i.e. Illustrates distribution of incomes in the conditions of market economy. On it it is possible to judge inequality degree in distribution of incomes.
5. Poverty? One of global problems. Though it associates, first of all, with developing countries, poverty to some extent exists and in the developed countries.
6. When we speak about absolute poverty, we mean people who live below the poverty line.
7. The people having the low income, spend all money for essential commodities. They cannot save up.
Unit 12
1. The Great depression which influence was felt practically worldwide became destructive crash for the American economy. Depression has changed the relation to an economic science.
2. After depression of 1930th years by overall objectives of any government, in order to avoid serious recessions in economy, there was a steady economic growth and the control over inflation.
3. The Nalogovo-budgetary policy is connected with tax system and the country budget. By means of this policy the government can influence the had income, demand and economic growth.
4. The main tool of a credit policy are interest rates.
5. Cumulative demand? It is demand in economy as a whole. It includes demand from outside consumers, the companies, the government and consumers abroad.
6. Cost of all services and the goods made by economy as a whole, forms a real national product.
7. The tendency of growth or decrease in the offer and the cumulative offer in the short-term period is identical, but in the long-term period growth of the cumulative offer depends not on the price, and from factors of manufacture available in economy.
Unit 13
1. Before there was cash which today people take as a matter of course, the exchange system, or barter was the basic system of calculations.
2. Metals, salt and other valuable goods were the first commodity money. Such money did not possess liquidity, i.e. ability freely to circulate, but kept cost.
3. Paper money does not possess internal cost but only represent cost.
4. If you save up money it is possible to store them under a bed in a box that is unsafe and it is unreasonable, or to put them on the bank account. Money for the account brings percent.
5. The main service which any bank renders to the clients? Credit granting. Banks? The most reliable creditors.
6. If the client does not return the credit, the bank uses percent for a covering of losses. Though the majority of clients returns credits, the percent serves as the protection form.
7. Clients of banks can draw out at any time money from accounts as any bank holds a part of the savings received from clients, as a reserve.
Unit 14
1. The Nalogovo-budgetary policy regulates functioning of tax system and the State expenditure. Both that and another affects economic growth.
2. In many countries of the world the progressive system of the taxation operates. The more the person earns, the больший the tax he pays.
3. The State expenditure can influence economic growth by means of so-called effect of the animator.
4. The Credit policy influences change of interest rates and regulates the money addressing in economy.
5. The interest rate is usually established by the central bank of the country which also serves as the creditor for commercial banks.
6. At purchase of houses many people take hypothecary credits in commercial banks. If the interest rate grows, the mortgage becomes more expensive.
7. If the interest rate low, the companies invest and expand the business, cost of national currency falls, and the goods and services become cheaper for buyers abroad. Export starts to grow, and in a national economy arrives more money.
Unit 15
1. Too fast rates of economic growth can cause inflation. More before? Steady growth, on which is respectful on? целена both credit-and-monetary, and the nalogovo-budgetary policy.
2. The interest rate is defined by levels of demand and offers in the monetary market.
3. Monetary weight? These are the active money including a cash, money on accounts, reserves etc.
Unit 11
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