Assistant: 
User: User: Match the English word combinations in the left-hand
column with the Russian equivalents in the right-hand
column:
1.
on the assumption
a.
to be available
2.
to assume the real cost
of something
4.
opportunity cost
the real costs of the
5.
product
to be counted in terms
6.
of something
7. to cover the cost
to convince somebody
8.
to lend money
9. to evaluate tradeoffs
10. to fit values and goals
to obtain practical job
11. training
12. to give up something
13. to gain advantages
14. full-time job
level of education
15.
16. lifetime earning power
17. economic reasoning
18. investment returns
to require various
19.
decisions
20. to seek solutions
21. to be worth the
b.
d.
исчисляться В ...
убедить кого-либо ссудить
деньги
пожизненный доход от
какой-либо деятельности
отказаться от чего-либо
работа полный рабочий день
e.
издержки производства в
натуральном исчислении
д. исходя из предположения
соответствовать ценностям
h. и целям
і. доходность инвестиций
j. образовательный уровень
альтернативная стоимость,
к. цена возможности
1. требовать разных решений
т. искать приемлемые решения
п. неполная занятость
опыт работы по
0.
специальности
р. стоить затрат на что-либо
q.
иметься в наличии
r.
оценивать альтернативы
экономические доводы
S.
t.
покрывать стоимость
и. получить профессиональную
Assistant: Sure! Here’s the matching of the English word combinations with their Russian equivalents:

1. on the assumption - d. исходя из предположения  
2. to assume the real cost of something - e. издержки производства в натуральном исчислении  
3. opportunity cost - к. цена возможности  
4. the real costs of the product - e. издержки производства в натуральном исчислении  
5. to be counted in terms of something - в. исчисляться  
6. to cover the cost - т. покрывать стоимость  
7. to convince somebody - ... убедить кого-либо  
8. to lend money - ссудить деньги  
9. to evaluate tradeoffs - р. оценивать альтернативы  
10. to fit values and goals - h. соответствовать ценностям и целям  
11. to obtain practical job training - о. получить профессиональную подготовку  
12. to give up something - отказаться от чего-либо  
13. to gain advantages - ...  
14. full-time job - полный рабочий день  
15. level of education - j. образовательный уровень  
16. lifetime earning power - пожизненный доход от какой-либо деятельности  
17. economic reasoning - экономические доводы  
18. investment returns - і. доходность инвестиций  
19. to require various decisions - 1. требовать разных решений  
20. to seek solutions - т. искать приемлемые решения  
21. to be worth - р. стоить  
   
Let me know if you need any more help!
User: 2.4.1 Give extensive answers to the questions. Use the
following expressions to start your answers:
I assume that ...;
To my mind ...;
There is no doubt
that ...;
True enough it's ...; Briefly, ....;
That goes without
saying ...;
It seems to me there can be no two opinions about this ...;
1. Why must people make choices about what they want most?
What does each choice involve?
2. What is the link between economic choice and opportunity
cost?
3. In what terms are the production costs counted?
4. What must people have knowledge of to make choices that
best satisfy human wants?
5. Why are economic choices necessary?
6. What is the difference between real costs and opportunity
costs?
7. Why is it important for the society to be aware of tradeoffs
when making economic choices?
8. When can a society make the decision that best fits its values
and goals?
9. Why is it necessary for a nation to make careful decisions
about how to allocate its resources?
10. Why is it necessary for an individual to make careful
decisions about how to allocate personal resources?
11. What does the usefulness of economic models depend on?
Assistant: Sure! Here are extensive answers to your questions using the provided expressions:

1. **Why must people make choices about what they want most? What does each choice involve?**
   I assume that people must make choices about what they want most because resources are limited while human wants are virtually unlimited. Each choice involves a trade-off, meaning that selecting one option often requires giving up another. This decision-making process is essential for prioritizing needs and desires, ensuring that individuals allocate their resources effectively to achieve the best possible outcomes.

2. **What is the link between economic choice and opportunity cost?**
   To my mind, the link between economic choice and opportunity cost is fundamental. Every time a choice is made, the opportunity cost represents the value of the next best alternative that is forgone. This concept emphasizes the importance of considering what is sacrificed when making a decision, as it helps individuals and societies evaluate the true cost of their choices.

3. **In what terms are the production costs counted?**
   There is no doubt that production costs are counted in terms of both explicit and implicit costs. Explicit costs are direct, out-of-pocket expenses, while implicit costs represent the opportunity costs of using resources in one way rather than another. Together, these costs provide a comprehensive view of the financial implications of production decisions.

4. **What must people have knowledge of to make choices that best satisfy human wants?**
   True enough, people must have knowledge of their preferences, available resources, and the potential consequences of their choices to make decisions that best satisfy human wants. This knowledge enables individuals to weigh options effectively and select alternatives that align with their values and goals.

5. **Why are economic choices necessary?**
   Briefly, economic choices are necessary because they allow individuals and societies to allocate scarce resources efficiently. Given the limitations of resources, making informed choices ensures that needs and wants are met in a way that maximizes overall satisfaction and utility.

6. **What is the difference between real costs and opportunity costs?**
   That goes without saying, the difference between real costs and opportunity costs lies in their definitions. Real costs refer to the actual monetary expenses incurred in the production of goods or services, while opportunity costs represent the value of the best alternative that is sacrificed when a choice is made. Understanding both concepts is crucial for effective decision-making.

7. **Why is it important for society to be aware of trade-offs when making economic choices?**
   It seems to me there can be no two opinions
User: 2.4.1 Give extensive answers to the questions. Use the following expressions to
start your answers:
I assume that ...;
To my mind ...;
True enough it's ...;
Briefly, ....;
It seems to me there can be no two opinions about this ...;
There is no doubt that...;
That goes without saying ...;
1. Why must people make choices about what they want most? What does
each choice involve?
2. What is the link between economic choice and opportunity cost?
3. In what terms are the production costs counted?
4. What must people have knowledge of to make choices that best satisfy
human wants?
5. Why are economic choices necessary?
6. What is the difference between real costs and opportunity costs?
7. Why is it important for the society to be aware of tradeoffs when making
economic choices?
8. When can a society make the decision that best fits its values and goals?
9. Why is it necessary for a nation to make careful decisions about how to
allocate its resources?
10. Why is it necessary for an individual to make careful decisions about how to
allocate personal resources?
11. What does the usefulness of economic models depend on?
Assistant: Sure! Here are extensive answers to your questions using the provided expressions:

1. **Why must people make choices about what they want most? What does each choice involve?**  
   I assume that people must make choices about what they want most because resources are inherently limited while human desires are virtually limitless. Each choice involves a trade-off, meaning that selecting one option often requires sacrificing another. This decision-making process is crucial for prioritizing needs and desires, ensuring that individuals allocate their resources effectively to achieve the best possible outcomes.

2. **What is the link between economic choice and opportunity cost?**  
   To my mind, the link between economic choice and opportunity cost is fundamental. Every time a choice is made, the opportunity cost represents the value of the next best alternative that is forgone. This concept emphasizes the importance of considering what is sacrificed when making a decision, as it helps individuals and societies evaluate the true cost of their choices.

3. **In what terms are the production costs counted?**  
   There is no doubt that production costs are counted in terms of both explicit and implicit costs. Explicit costs are direct, out-of-pocket expenses, while implicit costs represent the opportunity costs of using resources in one way rather than another. Together, these costs provide a comprehensive view of the financial implications of production decisions.

4. **What must people have knowledge of to make choices that best satisfy human wants?**  
   True enough, people must have knowledge of their preferences, available resources, and the potential consequences of their choices to make decisions that best satisfy human wants. This knowledge enables individuals to weigh options effectively and select alternatives that align with their values and goals.

5. **Why are economic choices necessary?**  
   Briefly, economic choices are necessary because they allow individuals and societies to allocate scarce resources efficiently. Given the limitations of resources, making informed choices ensures that needs and wants are met in a way that maximizes overall satisfaction and utility.

6. **What is the difference between real costs and opportunity costs?**  
   That goes without saying, the difference between real costs and opportunity costs lies in their definitions. Real costs refer to the actual monetary expenses incurred in the production of goods or services, while opportunity costs represent the value of the best alternative that is sacrificed when a choice is made. Understanding both concepts is crucial for effective decision-making.

7. **Why is it important for society to be aware of trade-offs when making economic choices?**  
   It seems to
User: 2.4.1 Give extensive answers to the questions. Use the following expressions to
start your answers:
I assume that ...;
To my mind ...;
True enough it's ...;
Briefly, ....;
It seems to me there can be no two opinions about this ...;
There is no doubt that...;
That goes without saying ...;
1. Why must people make choices about what they want most? What does
each choice involve?
2. What is the link between economic choice and opportunity cost?
3. In what terms are the production costs counted?
4. What must people have knowledge of to make choices that best satisfy
human wants?
5. Why are economic choices necessary?
6. What is the difference between real costs and opportunity costs?
7. Why is it important for the society to be aware of tradeoffs when making
economic choices?
8. When can a society make the decision that best fits its values and goals?
9. Why is it necessary for a nation to make careful decisions about how to
allocate its resources?
10. Why is it necessary for an individual to make careful decisions about how to
allocate personal resources?
11. What does the usefulness of economic models depend on?
Assistant:
Assistant: