- •What is economics?
- •What does the term “need” mean?
- •What is “a demand”?
- •What does economics deal with?
- •What is the difference between goods and services?
- •What kinds of goods do you know?
- •What are capital goods?
- •What does the term “value” mean in economics?
- •What is the reason people cannot satisfy all their wants and needs?
- •What are the factors of production?
- •What does the term “land” mean?
- •What does the term “labour” mean?
- •What is a wage rate?
- •What are the factors affecting the wage rate?
- •What is the difference between physical and financial capital?
- •What is entrepreneurship?
- •What is an economic system?
- •What are the major kinds of economic systems?
- •What is a command economy?
- •What disadvantages does the command economy have?
- •What is a market economy?
- •What advantages does a market economy have?
- •What is a modern market?
- •How do economists classify markets?
- •What is pure competition?
- •What is monopolistic competition?
- •What is monopoly?
- •What is demand?
- •How do prices affect the quantities demanded?
- •What factors is demand influenced by?
- •What is supply?
- •What factors is supply determined by?
- •What role do prices play in a market economy?
- •How do sellers and buyers use prices?
- •Why do buyers and sellers have the opposite intentions and hopes?
- •What is market equilibrium?
- •What messages do price increases and decreases send to producers of goods and services?
- •What is money?
- •What forms of money are in use in the world today?
- •What does the term currency refer to?
- •What are the most important characteristics of modern money?
- •What is a progressive tax?
- •What is the main source of government revenue?
- •What is the difference between tangible and intangible property?
- •What is a tax assessor?
- •What is the main purpose of a business organization?
- •What are the major types of business organizations?
- •What is a sole proprietorship?
- •What is a partnership?
- •What type of economy does the usa have?
- •What role does international trade play in the us economy?
- •Why are transportation-related businesses considered to be an important part of the service industry?
- •What can you say about the us agriculture?
- •What place does the United Kingdom hold in the world and in Europe?
- •What type of the economy does Great Britain have?
- •What is the basic unit of currency in Britain? What did the British government decide about euro?
- •What are the main branches of Ukrainian industry?
- •Why is steel industry the most important sector of the national economy?
- •What does Ukraine import?
- •Why is Ukraine dependent on energy imports?
- •What factors make Ukraine’s agriculture one of the key economic sectors?
- •What products does Ukraine export?
- •What criteria do you think people use when they choose their future profession?
- •What has inspired you to choose this speciality?
- •What is your future speciality?
- •How long does the course of study last in your university?
- •What subjects do you consider to be the most important for you to gain your professional skills?
- •What position would you like to hold?
- •Are people who have economic training in demand in modern society?
- •Why is the economist’s education never really finished?
-
What can you say about the us agriculture?
Agriculture is not the most important sectors of the US economy. It accounts for about 1 per cent of the GNP. Farms are owned by the people who operate them and by business corporations. Farming is largely mechanized and scientifically controlled.
The dominant trend in American agriculture can be summarized in two words — increased productivity.
Production of most crops substantially exceeds domestic needs, making the United States a leading exporter of food. The principal crops grown in the country are: corn, wheat, soy-beans, sugar-cane and sugar beets, sunflower, tobacco, rice, cotton, and barley.
The United States harvests a lot of vegetables such as tomatoes, potatoes and onions. Florida and California are famous for their fruit production.
Animal husbandry is also developed in the country. Pastures occupy more than one-forth of the United States. The highlands in the West of the country are famous for their dairy and beef cattle breeding, pig raising, and sheep farming.
-
What place does the United Kingdom hold in the world and in Europe?
The United Kingdom is a leading trading power and financial centre. The UK is a developed country, with the world's sixth largest economy by nominal GDP and the sixth largest by purchasing power parity.
It was the world's first industrialised country and the world's foremost power during the 19th and early 20th centuries, but the economic and social cost of two world wars and the decline of its empire in the latter half of the 20th century diminished its leading role in global affairs. The UK nevertheless remains a major power with strong economic, cultural, military, scientific and political influence.
The UK is a Member State of the European Union, a permanent member of the United Nations Security Council, a member of the Commonwealth of Nations, G8, G20, NATO, OECD and the World Trade Organization.
-
What type of the economy does Great Britain have?
Great Britain is a highly-developed naval and industrial power. Its economy was primarily based on private enterprises. However, some industries were nationalized after World War II. Now it has a mixed private- and public-enterprise economy.
In Britain’s economy private enterprises produce 75% of output and generate nearly 70% of employment. To make the British economy more efficient the government tries to stimulate innovations in industry, encourage competition, reduce taxes, promote exports, and work for world-wide free trade. The government provides financial assistance and guidance to small companies as small businesses employ more than a third of the private sector workforce.
The government controls the coal-mining and electric power industries, ferrous metallurgy and shipbuilding. Part of public transport, civil aviation and national bank are also managed by the state.
-
What is the basic unit of currency in Britain? What did the British government decide about euro?
The currency of the UK is the pound sterling, represented by the symbol ?. The Bank of England is the central bank, responsible for issuing currency. Pound sterling is also used as a reserve currency by other governments and institutions, and is the third-largest after the U.S. dollar and the euro.
The UK chose not to join the euro at the currency's launch. In 2007, then-Prime Minister Gordon Brown ruled out membership for the foreseeable future, saying that the decision not to join had been right for Britain and for Europe. The government of former Prime Minister Tony Blair had pledged to hold a public referendum for deciding membership should "five economic tests" be met. In 2005, more than half (55%) of the UK were against adopting the currency, while 30% were in favour.