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
国内英语资讯:Argentine vineyards ready to showcase top-tier wines at China import expo
国内英语资讯:Xi makes proposals on China-India ties as meeting with Modi enters 2nd day
国内英语资讯:Xi returns to Beijing after informal meeting with Indian PM, visit to Nepal
国内英语资讯:China, Pakistan vow to enhance pragmatic cooperation
国际英语资讯:Spotlight: Turkeys People Alliance, opposition parties both eye for parliament majority
体坛英语资讯:Cavagna takes another dramatic stage in Vuelta de Espana
再现神翻译 北京元大都公园西门被译成人名!
国内英语资讯:Xi meets Nepal Communist Party co-chairman to advance inter-party ties
2018年6月英语四级作文范文:留守儿童
国内英语资讯:Xi-Modi informal meeting achieves fruitful results: Chinese vice FM
体坛英语资讯:Bogdanovic leads Serbia past Czech Republic to FIBA World Cup fifth place
体坛英语资讯:Athletic Bilbao remain in second after goalless draw at Mallorca
国际英语资讯:Spotlight: Trump loses for 2nd time within week in legal fight to conceal financial records
体坛英语资讯:Nowitzki appointed Chair of FIBA Players Commission for 2019-2023 term
国内英语资讯:Spotlight: Belt and Road initiative enriches Spain-China cooperation
研究表明 白葡萄酒会增加患前列腺癌的风险
国内英语资讯:China, Nepal upgrade ties
国际博物馆日:盘点全球最奇特的八个博物馆
国内英语资讯:Senior official stresses eradicating poverty in west China on schedule
国际英语资讯:Putin warns of threats from U.S. military buildup
国际英语资讯:Egypt, Ethiopia highlight overcoming obstacles to Nile dam talks
想在职场混得风生水起?这12个技能很重要!(下)
最美文字!细数新中国70年来涌现的杰出译者们
国际英语资讯:S. African court denies Zumas application for permanent stay of prosecution
国际英语资讯:Spotlight: Environment for Chinese companies in EU satisfactory, but challenges remain: repo
体坛英语资讯:Sevilla go top as Barca and Real Madrid both win in Spains Matchday 4
体坛英语资讯:Spain beat Argentina to claim first FIBA World Cup title since 2006
德克萨斯枪击案10死10伤
能救命的健康小妙招
国内英语资讯:China, Spain should speak with one voice amid complicated intl situation: FM