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
2016高考英语二轮(阅读理解)金品训练(05)及答案
2016高考英语二轮(阅读理解)精品训练(01)及答案
美文欣赏:时间是一种选择
国际英语资讯:Interview: Huawei ushers in era of intelligent phone -- business head
国内英语资讯:Cold front to disperse north China smog
That Beijing together with Zhangjiakou succeeded in getting 阅读理解答案
国际英语资讯:U.S. Congress confirms Trumps presidency as Democrats challenge result
英国家长:让自家娃学汉语最有竞争力!
国际英语资讯:Former Portuguese president Soares passes away
The Spotlight(公众注意的中心) in Rio阅读理解答案
国内英语资讯:China, Kyrgyzstan vow to deepen security cooperation
体坛英语资讯:Dakar Rally 6th stage cancelled after torrential rain
美文欣赏:不,一切并不在我掌控之中
你知道吗?你的化妆品正在让你变老!
2016高考英语二轮(阅读理解)金品训练(10)及答案
体坛英语资讯:Washingtons Wall and Houstons Harden named NBA Players of Month
看你怎么作弊 监考老师出高招:头顶报纸挡视线
2016高考英语二轮(阅读理解)金品训练(06)及答案
体坛英语资讯:Brazils Santos chasing Japan-based striker Kayke
体坛英语资讯:Real, Atletico, Sevilla enjoy easy wins
2016高考英语二轮(阅读理解)精品训练(03)及答案
2016高考英语二轮(阅读理解)金品训练(08)及答案
2016高考英语二轮(阅读理解)精品训练(05)及答案
体坛英语资讯:Marbury shines as Beijing beat Shanxi in CBA
体坛英语资讯:Iran coach Queiroz resigns
广西钦州市钦州港区2016-2017学年高一12月月考英语试卷
杰克的梦想 Jack’s Dream
国内英语资讯:Xi calls for creativity in strict CPC governance
2016高考英语二轮(阅读理解)金品训练(11)及答案
2016高考英语二轮(阅读理解)金品训练(07)及答案