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Mệnh đề quan hệ, rút gọn

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Mệnh đề chỉ thời gian
Unit 1

1.How does capitalism answer what question?

In capitalism, what question is answered by consumers as

they spend their dollars for the goods and services that they
most desire.

2. How does socialism answer how question?

In socialist economies, the central planners answer the how

question. They determine how to combine society’s inputs in
order to produce outputs desired.

3. What is free market economy?

A free market economy is an economic system in which the

market is supposed to be regulated by the law of supply and
demand

4. Can you tell us the definition of the term planned economy?

A planned economy is an economic system in which

production and consumption quotas are fixed beforehand.

5. What is mixed economy?

A mixed economy is an economic system in which some

goods and services are produced by the government and
some by private enterprise.
 UNIT2
•1. How is demand defined?
Demand is the quantity of a good buyers wish to purchase at each
conceivable price.

•2. What is the definition of supply?

Supply is the quantity of a good sellers wish to sell at each
conceivable price

•3. How do supply and demand operate together?

As the price of a good goes down, the quantity demanded rises, and
the quantity supplied falls. As the price goes up, the quantity
demanded falls, and the quantity supplied rises. 

•4. What is an equilibrium price of a good?

An equilibrium price of a good is the price at which the quantity
demanded and the quantity supplied meet

UNIT 3

•1. What is inflation?

Inflation is an economic condition in which prices for consumer

goods increase and the value of money or purchasing power
decreases.

•2. Can you tell me one cause of inflation?

It is excessive government spending

•3. How is inflation measured in Britain and in the US?

Inflation is measured by (RPI) in Britain and (CPI) in the US.

•4. What is moderate inflation?

Single-digit inflation is moderate inflation

•5. What is galloping inflation?

Double or triple-digit inflation is known as galloping inflation

•6. What is hyperinflation?

Inflation of four or more digits is known as hyperinflation.

UNIT 4

•1. What are direct taxes?

It is a tax imposed on people’s income and companies’ profits.

•2. What are indirect taxes?

Indirect taxes are taxes imposed on consumers of goods and

services, or on enterprises with the expectation that the taxes will be
passed on to customers in the form of higher prices.

•3. Why does the government use different kinds of taxes and
vary the tax rates?

To distribute the tax burden among individuals or classes of the

population involved in taxable activities, or to redistribute resources
between individuals or classes in the population.

•4. What is the role of income tax?

Raise revenue and effect the distribution of income among income

categories.

•5. What is the function of indirect taxes?

All indirect taxes have the function of raising revenue and diverting
purchasing power from households and enterprises to the state. 

UNIT 5

•1. What are central banks?

They are the banks that are owned by the public. They are
mangage a state’s currency, money supply and interest rates

•2. What is a bank run?

The bank run is a sort of, kind of panic, a situation in which investors
or simply customers of the banks run to the bank and take their
money out

•3. How can the central bank avoid the bank run?
The central bank has to make sure they have a sufficient liquidity
ratio

•4. How is a bank governor nominated?

The governor is nominated by the prime minister subject to approval
of the Nation Assembly (Parliament)

UNIT 6

1. In general terms, what is the purpose of accounting ?

Accounting provides a financial picture of business firm

2. What are the 2 types of records that are prepared by most

businesses ?

The income statement and balance sheet

3. What is an income statement ?

An income statement is one of financial statements of a company

and shows the company’s revenues and expenses during a
particular period

4. What is defintition of Return of investment – ROI ?

ROI is a performance measure used to evaluate the efficiency of an

investment or to compare the efficiency of a number different
investments

UNIT 7

1. What is credit card ?

Credit card is a small plastic card issued by a bank, bussiness, etc..,

allowing the holders to purchase goods or services on credit

2. What is the most important benefit of credit cards ?

The major advantage of credit cards is that they permit people to
make large purchases without paying in advance, such as semester
textbooks or those for cars

UNIT 8

1. What is international trade ?

It is the exchange of goods and services in the world or global

market

2. Name of one benefit of international trade?

The third benefit of international trade is its political effects.

3. What resources help detemine which products a nation will

specialize in ?

Natural, human and technical resources

4. According to the theory of comparative advantage, what

should a nation concentrate on ?

A nation ought to concentrate on the products that it can produce

most efficiently and profitably

5. What does specialization often result in ?

Increased output, decreased costs, and a higher national standard

of living