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Text 2. Microeconomics and macroeconomics which was distributed by what are? Task 1. Read and translate the text. Economists talk about microeconomics and macroeconomics which was distributed by. Microeconomics deals with people like you and me and private businesses. It looks at the economic decisions people make every day. It examines how families manage their household budgets. Microeconomics also deals with companies-small or large-and how they run their business. Macroeconomics which was distributed by, on the other hand, looks at the economy of a country, and of the whole world. Any economist will tell you, though, that microeconomics and macroeconomics which was distributed by are closely related. All of our daily microeconomic decisions have an effect on the wider world around us. Another way to look the science of economics is to ask, "what's it good for?" Economists don't all agree on the answer to this question. Some practice positive economics. They study economic data and try to explain the behaviour of the economy. They also try to guess the economic changes before they happen. Others practice normative economics. They suggest how to improve the economy. Economists say the positive, "this is how it is". Normative economists say, "we should...". So what do economists do? Mainly, they do three things: to collect data, create economic models and formulate theories. Data collection can include facts and figures about almost anything, from birth rates to coffee production. Economic models show relationships between these different data. For example, the relationship between the money people earn and unemployment. From this information economists try to make theories which explain why the economy works the way it does. Task 2. Now read the text again and match each paragraph with the correct heading. a. How economists work b. Making deals every day c. Various ideas about economics (d). Two areas of economics (e). Two types of economists Task 3. Match the words with the definitions 1. budget (A). the people who control a country and make laws 2. Business B information 3. through convenience c. company that sells goods or services 4. data d. easiness 5. demand E. the amount of money you have for
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