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Part 1
a. What is economics ?
Answer : Economics is A science
b. What is it based upon ?
Answer : the facts of our everyday lives
c. What two thins do economists study ?
Answer : economist study about our everyday lives and the system which affects our lives
d. What do they try to do ?
Answer : They try describe the facts of the economy in which we live
e. What do they try to explain ?
Answer : They try to explain how the system works
f. What should the methods of the economists be like ?
Answer : The methods should be objective and scientific
g. What three essential things do we need ?
Answer : Food, clothes and shelter
h. What would happen if we could get these essential without working ?
Answer : We probably would not work,but even when we have these things , we may want
other things.
i. What might make life more enjoyable ?
Answer : if we have the other things such as radios, books,and toys for the children
j. What is economics concerned with?
Answer : Not only is economics concerned with basic needs like food,clothes and shelter but
also economics is concerned with all our material needs and wants.
PART 2
PART 4
Most people must work to earn their living. They produce goods and services this is called economic
activity . All economic activities together make up the economic system. This system is very complex.
Economists study the economic system and try to describe and explain it. They study the work we do
and the needs we have. If you wish to learn about the science of economics you must study both
books and people.
Part 5
a. Economists
b. Economics
c. Economic
d. Economical
e. Economy
f. Economical
TEXT B
PART 1
a. (T)
b. (F) because economists try to understand whole economic system.
c. (T)
d. (T)
e. (T)
f. (F) because those are basic needs of human.
g. (F) because economic is a scientific study
h. (T)
PART 2
PART 3