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
参考答案:
A C A C C D C D C B C C B B D
国际英语资讯:Spanish govt to hold meeting over situation in Catalonia
张培基英译散文赏析之《生命》
体坛英语资讯:Pizzi: Chile want to create history against Brazil
加州野火造成至少10人丧生
国内英语资讯: Children important in the campaign against poverty
川普总统即将宣布对伊核协议决定
为人父母后,你才会知道这些事
如何防止衣服褪色?
加泰罗尼亚独立诉求面临越来越大的压力
国内英语资讯:Construction of two China-aided buildings start in Kabul University
分手后老想着复合怎么办?先想清楚这9个问题
国际英语资讯:Iraqi PM predicts full defeat of IS in Iraq in 2017
Size matters when it comes to extinction risk 动物的体型可能是决定其灭绝的关键因素
国内英语资讯:Across China: Ups and downs of Chinas rustbelt in lens
体坛英语资讯:Ecuador to attack from outset against Argentina, says coach
众明星集体控诉 好莱坞金牌制作人因性骚扰被自家公司解雇
国际英语资讯:Turkey wont ask U.S. for permission to detain suspects: PM
The Popular of Tutoring Market 火爆的家教市场
国际英语资讯:UN Security Council calls for dialogue in Yemen
社交媒体让青少年处于“重大心理健康危机”的边缘