English for economics 2

.......................the periodic changes or the up and downs in the level of a nation^’s economic activity

• business cycle

• perfect competition

• monopoly

………….. is a specific type of oligopoly where only two producers exist in one market

• oligopoly

• mônopoly

• duopoly

Microeconomic is  a branch of economics that studies the …………. …of individuals and small impacting organizations in making decisions on the allocation of limited resource.

• behavior

• activity

• action

................ …….studies effects of monetary policy and fiscal policy

• microeconomics

• macroeconomics

• economics

………. …..provides us with a bird^’s eye view of country^’s economic landscape.

• microeconomics

• macroeconomics

• economics

In a market economy,……………………….are the major decision makers of what to produce

• government

• sellers

• buyers