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
李保东在2016年G20峰会第五次协调人会议开幕式上的致辞
国际英语资讯:Identification check in Paris migrants camp before evacuation: reports
娱乐英语资讯:Halloween-themed film tops North American weekend box office
国内英语资讯:Australias justice minister to meet with Chinese law enforcement officials
抗雾霾神器 巨型户外“真空吸尘器”荷兰亮相
川普魔性英语:让全世界译者怒摔饭碗的噩梦
国际英语资讯:Lebanon elects president after 29 months of vacancy
男性避孕药实现重大新突破
英国揭晓50个最令人抓狂的声音——你制造了几个?
我们还应该信任红十字会吗?
京津冀职称将互认 京冀医疗机构互认
意大利总理承诺震后重建
国内英语资讯:Revised civil code to better protect personal information
国内英语资讯:Political advisors study spirit of key CPC meeting
特朗普为其新酒店站台 剪彩拉票两不误
体坛英语资讯:Colombian defender on Man City radar
国内英语资讯:Defense ministry hosts reception for airshow delegations
国内英语资讯:Chinese army vows efforts on strict Party governance
万圣节idioms 学俗语也能很刺激!
The mystery of our earliest memories 人类早期记忆的谜团
全球七分之一儿童生活在有毒空气污染之中
世界最高教堂饱受醉鬼尿液摧残
国际英语资讯:Indian police kill 8 militants who fled from prison
浙江嵊州叫停“捡烟蒂换纸巾”活动
罐装北京空气热销 网友:这是贩毒啊
13个迹象表明:你正在遭遇1/4人生危机!
小学英语范文之生活阅历
男性避孕药实现重大新突破
国内英语资讯:Interview: China to play key role at APEC meeting, says Peruvian official
体坛英语资讯:CBA Roundup: Powerhouse Xinjiang crushes Beijing in first round