Match the following terms (Column A) with their definitions (Column B).
| A | B |
| 1) economics | a) the measure of the alternative opportunities foregone in the choice of one good or activity over others |
| 2) consumption | b) an amount of something, especially money, that is given to a particular person or used for a particular purpose |
| 3) scarcity | c) a stock or supply that can be drawn on |
| 4) cost | d) available or usable instead of another |
| 5) price | e) a situation in which there is not enough of something |
| 6) service | f) the desire of purchasers or consumers for a commodity |
| 7) goods | g) the general body of wage earners |
| 8) production | h) the amount of goods or work produced by a person, machine, factory |
| 9) allocation | i) clear enough or definite enough to be easily seen, felt, or noticed |
| 10) labor | j) social science that seeks to analyze and describe the production, distribution, and consumption of wealth |
| 11) capital | k) work performed for pay |
| 12) resource | l) abstract or hard to define or measure |
| 13) output | m) the amount of money that has to be paid to acquire a given product |
| 14) choice | n) an amount of something which someone has or which is available for them to use |
| 15) alternative | o) the process of manufacturing or growing something in large quantities |
| 16) supply | p) an important job, piece of work, or activity that you are responsible for |
| 17) demand | q) the act of buying and using things |
| 18) undertaking | r) someone or something that you choose from a range of things |
| 19) tangible | s) a stock of resources that may be employed in the production of goods and services |
| 20) intangible | t) things that are produced in order to be sold |
7. Fill in the blanks by inserting the following; translate into Russian/ Belarusian.
| a) data b) merge c) reduce d) businesses e) opinions f) economics g) assistance h) descriptive i) viewpoint j) biases k) statement |
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