English Tenses and Economic Terms

Households and economies -------- much in common.

• are having

• have

• don't have

• has

The growth of average income -------- by our chief accountant last year.

• is being determined

• is determined

• was determined

• determined

3. Economists also ------- how people interact with one another.

• are studying

• have studied

• study

• studied

Like a household, a society ------- many decisions when the Soviet Unoin collapsed.

• was facing

• is facing

• faced

• face

Economists ------ forces and trends that affect the economy as a whole at present.

• didn’t analyze

• analyze

• are analyzing

• A. analyzes

Scarcity ------ that society has limited resources.

• doesn’t mean

• meant

• mean

• means

In most societies, resources ------ through the combined actions of households and firms.

• are being allocated

• are llocated

• were allocated

• allocated

She competes against members of other families who ----- for jobs now.

• is looking

• look

• are looking

• aren't looking

------- deals with people, private businesses and the decisions people make every day.

• Microeconomics

• Econometrics

• Economics

• Macroeconomics

The ----- of society’s resources is important because resources are scarce.

• analysis

• management

• trends

• study