The Central Problem of Economics
The central problem of economics is to satisfy the peoples and nations wants.
The problem we are faced with is that our resources, here identified as money, are __1__. The only way we can resolve our problem is to make choices. After looking at our resources, we must examine our list of __2__ and identify the things we need immediately, those we can postpone, and __3__ we cannot afford. As individuals, we face the central problem involved in economics-deciding just how to allocate our limited our limited resources to provide __4__ with the greatest satisfaction of our wants.
Nations face the same problem. As a countrys population ___5__, the need for more goods and services grows correspondingly. Resources necessary to production may increase, but there __6__ are enough resources to satisfy the total desires of a nation. Whether the budget meeting is taking place in the family living room, in the conference room of the corporation __7__ of directors, or in the chamber of the House of Representatives in Washington, the basic problem still exists. We need to find __8__ of allocating limited resources in order to satisfy unlimited wants.
A short time ago economists divided goods into two categories, free and economic. The former, like air and water, were in __9__ abundance that economists had no concern for them. After all, economics is the __10__ of scarcity and what to do about it. Today many of these free goods are __11__ very expensive to use. Pollution has made clean air and water expensive for producers extra costs, and __12__ taxpayers who pay for the governments involvement in cleaning the environment.
In the 1990s, almost all goods are __13__. Only by effort and money __14__ obtained in the form people wish.
Meeting needs of people and the demands from resource available __15__ the basic activity of production. In trying to meet unlimited wants from limited economic goods, production leads to new problems in economics.EXERCISE:
1. A) limited B) unlimited C) scarcity D) abundant
2. A) want B) problem C) wants D) resources
3. A) those B) some C) others D) many
4. A) them B) themselves C) ourselves D) ours
5. A) expand B) extends C) grows D) increase
6. A) always B) sometimes C) often D) never
7. A) management B) function C) board D) group
8. A) people B) economists C ) way D) methods
9. A) so B) great C) such D) such an
10. A) form B) study C) means D) source
11. A) practically B) in practice C)in reality D) practicably
12. A) the B) / C) for D) with
13. A) plentiful B) scarce C) abundant D) in full supply
14. A) they can be B) can they be C) they must be D) must they be
15. A) are led to B) leads C) lead to D) leads to
KEY:
A C A C C D C D C B C C B B D
2013高考英语复习素材:奥运会听力素材(Mp3)
江苏省姜堰市张甸中学2012届高三英语一轮复习牛津译林版模块选修10《Unit 3 Protecting ourselves》学案十
江苏省姜堰市张甸中学2012届高三英语一轮复习牛津译林版模块选修10《Unit 3 Protecting ourselves》学案四
江苏省姜堰市张甸中学2012届高三英语一轮复习牛津译林版模块选修10《Unit 3 Protecting ourselves》学案七
江苏省姜堰市张甸中学2017届高三英语一轮复习牛津译林版模块选修9《Unit 3 The meaning of colour》基础过关作业三
广东省2017届高三英语一轮综合训练(7)
江苏省姜堰市张甸中学2012届高三英语一轮复习牛津译林版模块选修10《Unit 3 Protecting ourselves》课件二
广东省2017高考英语一轮复习周周练 第二周 星期三
广东省2017届高三英语一轮综合训练(2)
广东省2017高考英语一轮复习周周练 第一周 星期五
江苏省姜堰市张甸中学2012届高三英语一轮复习牛津译林版模块选修10《Unit 1 Building the future》课件一
广东省2017届高三英语一轮综合训练(5)
江苏省姜堰市张甸中学2012届高三英语一轮复习牛津译林版模块选修10《Unit 4 Law and order》学案三
广东省2017届高三英语一轮综合训练(3)
广东省2017高考英语一轮复习周周练 第二周 星期四
广东省2017届高三英语一轮综合训练(9)
江苏省姜堰市张甸中学2017届高三英语一轮复习牛津译林版模块选修9《Unit 2 Witnessing time》基础过关作业四
江苏省姜堰市张甸中学2012届高三英语一轮复习牛津译林版模块选修10《Unit 3 Protecting ourselves》学案一
江苏省姜堰市张甸中学2012届高三英语一轮复习牛津译林版模块选修10《Unit 2 People on the move》课件一
江苏省姜堰市张甸中学2012届高三英语一轮复习牛津译林版模块选修10《Unit 4 Law and order》课件八
江苏省姜堰市张甸中学2012届高三英语一轮复习牛津译林版模块选修10《Unit 3 Protecting ourselves》学案三
江苏省姜堰市张甸中学2017届高三英语一轮复习牛津译林版模块选修9《Unit 4 Behind beliefs》基础过关作业一
江苏省姜堰市张甸中学2012届高三英语一轮复习牛津译林版模块选修10《Unit 4 Law and order》学案二
广东省2017届高三英语一轮综合训练(6)
江苏省姜堰市张甸中学2017届高三英语一轮复习牛津译林版模块选修9《Unit 3 The meaning of colour》基础过关作业二
广东省2017届高三英语一轮综合训练(4)
广东省2017高考英语一轮复习周周练 第二周 星期五
江苏省姜堰市张甸中学2012届高三英语一轮复习牛津译林版模块选修9《Unit 2 Witnessing time》单词复习
江苏省姜堰市张甸中学2012届高三英语一轮复习牛津译林版模块选修10《Unit 4 Law and order》课件二
广东省2017届高三英语一轮综合训练(1)