2022_심화영어

eview 1 1 . Fill in each blank with an appropriate word from the box below. Broaden Your View B Pick 3 things: fun stuff, sleep, and something you want to improve (like exercise). Notice how much time you spend on each. Does it match what's important to you? Talk with your partner about how to spend more time on what matters. A What do you consider to be the most important thing in your life? B I think health is the most important thing. A How much time do you spend a day to stay healthy? B To be honest, I don’t take time for my health. A You should exercise regularly for at least 30 minutes a day. e.g. 2 . Choose the correct words from the following sentence. While all three theories attempt to explain the relationship between value and (1) (cost / price), they differ in their underlying (2) (assumptions / consumption) and provide different (3) (tastes / perspectives) on how economic decisions are made. labor theory of value The (1) of a good reflects the amount of labor and resources required to bring it to (2) . subjective value Costs do not drive prices; prices drive (3) . The value of a good is determined by the subjective value placed on it by (4) . marginal utility Economic decisions are made based on marginal benefit rather than on (5) benefit. The usefulness of one (6) unit of a good determines its value. The marginal utility of a good is derived from its most (7) use to a person. Check Your Understanding A market  additional  important  price  individuals  total  costs 80 Lesson 3

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