Answer the following questions: 1. why must all societies deal with scarcity? 2. what is rent? 3. how сап we define the term «economics»? 4. what is wages? 5. why is the need to choose imposed оп us? 6. what is interest? 7. what is microeconomics? 8. what is macroeconomics? 9. when did the development of modern economics begin? 10. what questions must every society provide answers to? 11. how do you understand the term «factors of production»?

The United States of America is considered to be a country of limitless possibilities. Millions of people have come here to make their American dream come true. Some of them dream of becoming Hollywood actors, others want to live in comfortable houses with white fences. Nevertheless, the United States attracts with its spirit of freedom and democracy. But what is it really like, the real America?

Since the United States is one of the largest countries in the world, it is very diverse. America is divided into 50 states and each of them has its own star on the American flag.

Mr and Mrs Gray live in a big city, and they have a son. His name is Pete. Pete doesn't like washing. Оne day Mrs Gray said, "I like to live in the country with Рete next summer." So they found a small house in the country and took Pete there for a vacation. When they arrived at the house, Mrs Gray said to Pete, "We will stay here for two weeks." The boy ran into the house and fell down on the floor. He hurt his leg but ran further looked in the rooms. When he came back, he threw his ball up and cried, "Mum! I can't see a bath. Where is it?" "This is a very small house," his mother answered."There is no baths here." got really happy. "This will be a very nice holiday indeed, Mam," he said.