经济学专业英语教程答案.doc

Key to ExercisesUnit 1 I.Promote trade and growthMaximize production levelsSpawn disciplineMake assumptionsAllocate resourcesII.1. allocate 2. spectrum 3. advocate 4. constitute 5. discipline 6. resource 7. want 8. scarcity 9. production 10. economicsIII.1. A 2. B 3. D 4. A Unit 2I. allocate resourcesrelease CDs and bookssupply goods and servicesforgo consumption of sugarconstruct a graph.II. 1. demand; 2. supply; 3.price; 4. resource; 5. consumption; 6. equilibrium; 7. shift; 8. product; 9. correlation; 10.allocationIII.1.C 2.B 3.A 4.A 5.BUnit 3I.Masximize utilityCross thresholdFulfill wants and needsAssign an amountGain benefitII.1. threshold 2. utility 3. aggregate 4. satisfaction 5. consumption 6. marginal 7. maximize 8. rational 9. curve 10. demandIII.1. C 2. D 3. BUnit 4I.Increase outputsForgo choicesManage resourcesChange mindTrade goodsII.1. specialization 2. cost 3. deficiency 4. absolute 5. supply 6. hypothetical 7. pricing 8. advantage 9. efficiency 10. opportunityIII.1. B 2. C 3. A 4. CUnit 5I. trade off pork for beefpartly out of preference and partly out of pricecompare the price of a good with what it was ten years agorelative to overall price levelprice adjusted / corrected for inflationmeasure the price of a good in nominal pricescalculate the 2007 price of pork in terms of 1983 dollarsmeasure in constant dollars and current dollars respectivelyII. 1.nominal price 2.purchasing power3.constant dollar4.corrected price5.market basket6.overall prices7.current dollar8.consumer price index 9.real priceIII. 1.D 2.A 3.C 4.C 5.D Unit 6I.1. distinguish between nominal and real GNP2. multiply the prices and the quantities 3. correct GNP for inflation4. maintain a base year up to date5. affect all the industries in the same directionII.1. GDP 2. depreciation 3.GNP 4. intermediate goods 5. double counting 6.final goodsIII. 1. F 2.F 3.T 4. F 5. T 6. T 7. F 8. T 9. T 10. TUnit 7I.describe a similar negative correlationalter price and incomepush upward the economypeg a nominal or real quantity face a tradeoffII. 1. minimum wage, 2.liabilities, 3.fiscal policy, 4.currency, 5.monetary policy, 6.bank reserves, 7.natural rate of unemployment, 8.efficiency wage, 9.misery indexIII.1.B 2.D 3.A 4.C 5.DUnit 8I. 1. promote export2. attain balance3. implement policies4. meet the balance5. stimulate capital inflows6. stabilize the economyII.1. tariff2. specific duties3. ad valorem du