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
绿皮书指出 我国人口负增长时代即将到来
来自他人的善意
国内英语资讯:Xi honors two academicians with Chinas top science award
国际英语资讯:S. Korea to offer antiviral medication to DPRK in humanitarian aid
国内英语资讯:Diplomatic envoys from 12 countries visit Xinjiang
瑞幸咖啡将超星巴克 成中国最大咖啡连锁品牌
国内英语资讯:China Focus: Key dialogue pools wisdom for global security
娱乐英语资讯:Egypt congratulates Rami Malek on Golden Globes best actor award
Reading Makes Me Happy 读书让我快乐
国内英语资讯:Chinese police to tighten security measures during Spring Festival
劳斯莱斯要改行做飞机了?而且有望打破世界纪录
战略卧室、早睡奖金……为了让员工多睡觉 日本企业也是操碎了心
累垮的中年人或记忆力衰退
为何不该以离婚为耻?
我国5A级旅游景区目前总数为259个
国内英语资讯:Information consumption new booster for Chinese economy
“小丑女”玛格特罗比确定主演真人版《芭比公主》!
体坛英语资讯:Red Star hammer Brescia 103-67 to enter Eurocup Top 16
国际英语资讯:World Bank president Kim to join U.S. private equity fund as partner, vice chairman
国际英语资讯:U.S. state of Washington opposes federal plan to reclassify nuclear waste
印度俩女子相爱7年 分别与丈夫离婚后结婚
国际英语资讯:UAE official meets UN envoy to Yemen over regional developments
体坛英语资讯:Man. United settle for second after defeat to Valencia, Man. City top group
国内英语资讯:China deepens reform on judicial, social systems
国际英语资讯:Iran says to work with partners to neutralize U.S. sanctions
国际英语资讯:German politicians voice dismay over brutal attack on German AfD politician
国际英语资讯:Nationwide trade union strike enters 2nd day in India
体坛英语资讯:Superstar Durant hopes to become legend with Warriors
体坛英语资讯:Red Star defeat Italys Brescia to secure ticket to basketball Eurocup top 16
国内英语资讯:Chinese, Djibouti presidents exchange congratulations on 40th anniversary of ties