| 1. output | a. an amount of money that must be paid |
| 2. transaction | b. the amount of goods or work produced |
| 3. buyer | c. what you earn by working and can use to buy things |
| 4. payment | d. a business deal or action, such as buying or selling something |
| 5. money | e. someone who buys something |
.
| 1. | 6. |
| 2. | 7. |
| 3. | 8. |
| 4. | 9. |
| 5. | 10. |
.
| 1. supply and demand | 6. real price |
| 2. goods and services | 7. transaction price |
| 3. traded price | 8. unit of currency |
| 4. nominal price | 9. relative price |
| 5. barter | 10. asset |
.
1. Price is the .. given in return for goods or services.
a) barter b) output c) quantity of payment
2. Proportional change in all nominal prices does not affect .
a) payment b) real price c) bid price
3. The eventual payment amount requested by a seller is often called ..
a) asking price b) real price c) nominal price
4. What must be given up in exchange for the good or service that is being purchased is called
a) real price b) nominal price c) opportunity cost
5. In all real economies prices are virtually always quoted in ..
a) units of currency b) exchange goods c) coins
.
1. What is price?
2. What is called asking price?
3. What is opportunity cost?
4. What is price measured by?
5. What is the difference between real price and nominal price?
6. 1 (Infinitive), , .
Part 2
.
kitchenette - , ,
2. Hotel Reservations ( , Ctrl, ).
: http://esl-lab.com/hotel1/hotel1.htm
.
1. The man makes a reservation finally for which day?
A. March 20th
B. March 21st
C. March 22nd
2. What kind of room does the man prefer?
A. a non-smoking room
B. a smoking room
C. either one is okay
3. Why doesn't he want to reserve the suite?
A. It doesn't have a nice view
B. It doesn't come with a sauna bath
C. It's too expensive
4. Including tax, how much is the man's room?
A. 80 dollars
B. 88 dollars
|
|
|
C. 96 dollars
5. How do you spell the man's name?
A. Maxner
B. Maexner
C. Mexner
.
1. What is a price? What factors influence the price?
2. Why are the prices for goods changing?
3. Imagine you own a food store. Your competitor from a nearby food store decreased the price for the same food products by 2%. What can you do not to lose your customers?
:
| To my mind | In my experience |
| In my opinion | As far as I understand |
| On the one hand, on the other hand | From my point of view |
| If my memory serves me right | If I am not mistaken |
| It seems to me that | Personally, I think |
| My personal view is that | I am sure/certain/convinced that |
| The fact is that | This proves that |
| It is obvious that | There is no doubt that |
Part 3
- . .
You have received a letter from the Organizing Committee of the conference you would like to take part in. Write a letter to Dan Craft, in your letter ask the following:
a) the date of the conference;
b) the exact address of the conference;
c) the deadline for applying papers.
Sergey Ivanov
14, Kuznetskaya Street,
Moscow,
Russia
Dear Mr. Ivanov,
We invite you to take part in the 9th Annual European Financial Services Conference A new deal between finance and society - will focus on the reform of the financial services sector since the crisis of 2008, at both an EU and a global level.
Sessions will focus on:
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Unit 10
Part 1
