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While I......................down the street, I .....................my friend Was
walkingmet
When I...................., they were eating Arrived
The students ......................a power point for their French lesson Were
preparing
Last summer I.....................my holiday Didn't like
...................good food at the party last night? Did you eat
The phone rang while I..................... Was cooking
Mary....................Susan are sisters And
I like Spinach .................... .I don't like carrots But
We are going out ......................our friends With
The weather in London is usually horrible.....................January In
I'll meet you................... .five o'clock At
Susan goes to work......................bus By
We can......................go to the cinema...................... the theater
Neither/nor
The new pub is .....................the bank and the supermarket Between
The man was walking.................... ..the river Along
You not smoke in the office: Must
YoU an aspirin if you have a headache: Should take
I....a delicious cake yesterday: Made
..borrow your red pen please? Can I
….see mr. Smith Please? Could I
..ask you a question? May I
Mary but I'm not sure: Might come
David his homework every day: Has to do
for a pizza tonight: Shall we go
I...my homework every day: Do
There isn't ..……..cheese in the fridge Much
I.……..a black cat running down the street Saw
I.……..a bad headache today Have got
They..……..any money Haven't got
I……...very well today Don't feel
Is there……..milk in the fridge? Any
Mom, can you give me ..…….. money. I need to buy a new shirt Some
..……..have you lived in London? How long
Hurry up!We haven't got……..time Any
……..did you visit Rome? When
……..do house cleaning tomorrow I'm going to
The plane…….. off at 4:30 a.m. Takes
We..……..for our holidays tomorrow morning Are leaving
I think they..……..the match Will win
The office...……..at 9:00 a.m. Opens
I ... ……..football tomorrow Am playing
Look! Those cars…….. .. Are going to crash
Maybe Trump .……..the elections! Not wins
……..you……..come? Are/going to
The intercity train ..……..at 4 p.m. Arrives
Susan seems…….. Drunk
The soup tasted…….. Good
This is …….. book My
..……..car is white Our
...……..oranges are delicious These
.……..film did you watch, Titanic or Avatar? Which
……..color is your shirt? What
There is …….. bread on the table Some
Have you got..……..money left? Any
……..books are hers These
……...am a very good tennis player I
……...is a smart boy He
The boy ……... Is going to Milan is Jack Who
Please buy those apples!I would like……... Some
I cut ……... chopping the vegetables Myself
Bob was proud of ……... for his new job Himself
……... are Mary's children Those
Whose bag is ……...? It is ……... This/hers
……...did you see your friend? When
We are…………………from the trip completely exhausted
I have…………………my homework Almost finished
There's…………………sugar in my tea Too much
Have we got………………… for the party? Enough drinks
She dances…………… Beautifully
I remember the day …………………we first met When
Tell me………………… you came home so late Why
He drives………………… Badly
…………………do you go to the cinema? How often
My brother is ………. than me Taller
My book is ………. interesting than yours More
Italian food is ………. than junk food Better
Naples is ………. crowded than New York Less
Mary is ………. Susan As intelligent as
I think Robert De Niro is ……. fascinating actor The most
Susan is ………. in the class The most intelligent
This is ………. doll of my collection The least beautiful
January is ………. month of the year The coldest
I my opinion Ferrari is ………. in Europe The best
I ………… to this music for hours. It is so beautiful Would listen
John ………… his colleague immediately Should call
………… a glass of wine? Would you like
The Clintons ………… a bigger house Would like
If it is bad weather, I ………… out Will not go
I ………… you if you marry me Will always love
If I ………… more money, I ………… a new car Had/would buy
If I ………… a lottery, I ………… the poor Won/would help
If we ………… younger, I ………… around the world Were/ would travel
If Mary ………… more, she ………… better marks Studied/would get
I …….. like a cup of tea Would
I …….. I could go to Rome Wish
If you try hard you …….. succeed Will
I don't …….. to study English anymore! Want
…….. you help me? Will
I …….. I could eat these biscuits Wish
I'm afraid it …….. a long meeting Will be
I …….. at work before eight Won't be
…….. get up early tomorrow morning I have to
Jacob …….. rather have spaghetti for lunch Would
Social resources are classified: As land, labor, capital and enterprise
Economics is considered a social science: Because the subject matter is the
human being..
Predictions in economics: Are difficult to make because experiments are not
foreseeable owing to the human behavior
The deductive approach: Is explained by a theory which compares
predictions against the facts
The inductive approach: Considers the facts as the starting point because
there is a regular pattern in them
The normative statements: Are matters of opinion.
The normative statements: Can they be proved or disproved against the
facts? Why?: No, they can't; they are based on a value judgement
Businessmen and businesswomen, if considered together, are referred to:
Businesspeople
People working in business are referred to: Business people
EEC means: European Economic Community.
Market is: A place where goods are sold and bought
In modern times market transactions are often made: By telephone or
online
If sellers raise the price of a commodity: The higher price will encourage a
greater production of that commodity
If a commodity becomes overstocked: Sellers must lower the price
A shift of workers into a new field of occupation might be achieved: If there
is a high demand of workers in that field
The shift of workers into the growing occupation causes: ... the shift in
relative wages
The classical triad is made up by: Land, labor and capital
An entrepreneur is: Someone who builds up a company from nothing: a
start-up company
Tycoons, magnates or moguls are: Rich and successful people with
power and influence
A manager is: A consumer
Smith proclaimed the principle of the invisible hand': In The Wealth of
Nations
Smith achieved success with his theory: Because inspired admirers and
critics of capitalism
The main idea of the invisible hand theory is: That the outcome of a market
mechanism has a precise order
The perfect competition refers to: A market in which no company or
consumer is large enough to affect the market price
Imperfect competition refers to: A market in which a company or a consumer
is large enough to affect the market price
Concerning the invisible hand doctrine: It refers to economies in which
markets are perfectly competitive
There are market failures: When there are markets not perfectly
competitive
PPF means: Frontier of possibilities of production
Concerning a budget: A useful management instrument in planning and
controlling the allocation of resources
Concerning a business: It is an organization that sells or buys goods and
services
Inflation grew seriously: During the years up to the late 1960s
The evils of rising prices didn't appear as a priority: In the 1970s
Many people don't worry about price increases: Because usually wages
rise month by month in line with price
Concerning periodically adaptation of pensions and other allowances: It
comes from the necessity to cut down the effects of inflation
People generally react to inflation: They generally don't worry too much
Concerning what happens to savings during inflation: In these last years
there has been an increase in the proportion of income saved
Concerning What other assets were accumulated during inflation: Property,
land, old-master paintings, porcelain figures and gold
Concerning what we mean by runaway inflation: It is an uncontrolled
inflation
Concerning why people and organizations save: They save to provide for
future contingencies
Concerning what happened in West Germany after World War II with regards
to inflation: West Germany has had a lower rate of inflation
Market equilibrium is realized: When there is an equilibrium of prices and
production
The production of goods is determined by: Consumers' decisions to buy an
item instead of another
How consumers' decisions affect production : Production is determined by
the competition among producers
The incentive that drives firms to produce an item instead of another is: The
high profits existing in the production of goods in high demand
Minimum cost production is the most efficient: Because it has displaced
a more costly method
To be successful a producer must achieve the following objectives: To keep
costs at a minimum
Technologies affect production because: The more are modern the more
are efficient
Concerning factor prices: They are the wages rates, land rates, interest
rates and profits
Factor prices are important: Because by adding up all the revenues coming
from factors, we can calculate people's income
Concerning incomes pol