2. Amaliy mashg‘ulotlari 1- jadval № Amaliy mashg‘ulotlar mavzulari

Microeconomics 
Examining individual trees, leaves, and pieces of bark, rather than surveying 
the forest, illustrates microeconomics. Microeconomics is the branch of 
economics that studies decision making by a single individual, household, firm, 
industry, or level of government. Microeconomics applies a microscope to 
specific parts of an economy, as one would examine cells in the body. The focus 
is on small economic units, such as economic decisions of particular groups of 
consumers and businesses. We have described macroeconomics and 
microeconomics as two separatebranches, but they are related. Because the 
overall economy is the sum or aggregation of its parts, micro changes affect the 
macro economy, and macro changes produce micro changes. 
Ex. 1. Complete the following sentences with the appropriate word from the 
list below. 
economic, economical, economics, economist, economize, economy 
1. A good manager is _____ in the use of his funds. 
2. An _____ person saves money and expense wherever possible. 
3. An _____ is a person who studies, teaches, or writes about economics. 
4. By exercising strict _____ he saved enough money to retire early. 
5. By using _____ in buying food and clothes, we were soon able to save 
money for the new car we needed. 
6. _____ is a social science concerning behavior in the fields of production, 
consumption, distribution, and exchange. 
7. In times of difficulties we all have to _____. 

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8. It is much more _____ to buy in bulk. 
9. Nations experience different rates of _____ growth. 
10. The country is in the period of _____ and industrial crisis. 
Ex. 2. Choose the right variant. 
1. The condition of scarcity: 
a. cannot be eliminated. 
b. prevails in poor economies. 
c. prevails in rich economies. 
d. all of the above. 
e. none of the above. 
2. The condition of scarcity can be eliminated if: 
a. people satisfy needs rather than false wants. 
b. sufficient new resources were discovered. 
c. output of goods and services were increased. 
d. all of the above. 
e. none of the above. 
3. The subject of economics is primarily the study of: 
a. the government decision-making process. 
b. how to operate a business successfully. 
c. decision-making because of the problem of scarcity. 
d. how to make money in the stock market. 
4. Which of the following is included in the study of macroeconomics? 
a. Salaries of college professors. 

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b. Computer prices. 
c. Unemployment in the nation. 
d. Silver prices. 
5. Microeconomics approaches the study of economics from the viewpoint of: 
a. individual or specific markets. 
b. the national economy. 
c. government units. 
d. economy-wide markets.