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
2019牛津上海版七下英语Unit1综合练习题
2019四川省七下2单元英语同步测评试题()
2019深圳英语七年级下Unit1-2单元测试
2019人教版七英语下Unit 5单元试题
2019深圳英语七年级下Unit1-2单元测试答案
2020届天津二十五中高一英语下学期线上统练试题
2019深圳英语七年级下Unit3单元试题答案
2019新目标英语七下Unit8 单元测试题
2020届湖北省襄阳市五中高一英语下学期月考试题
2019人教版七英语下Unit 4单元复习试题
2019年七牛津英语7B Unit1-2测试题
江苏泰州姜堰桥头中2019七上第五周周考卷()
2020届上海帕丁顿双语学校高一英语下学期月考试题
2019年七牛津英语7B Unit1-2测试题答案
福建福清市2019秋七上英语期末模拟题()
2018-2019牛津译林7AUnit 1单元练习题
2019牛津译林7AUnit 4单元练习题
2019新目标七下英语Unit6单元测试答案
2019深圳英语七年级下Unit3单元试题
2020届四川达州市渠县二中高二英语下学期月考试题
2019新目标七下英语Unit6单元测试
2019牛津上海版七下英语Unit1-3综合练习题
2019英语译林牛津版unit2知识点检测试题()
江苏泰州姜堰桥头中2019七上第五周周考卷答案()
2020届北京五中高一语文下学期4月考试题
2020届吉林白山市七中高一英语下学期月考试题
2019人教版七英语下Unit 3单元复习试题
2019人教新目标英语七下unit7单元检测题
2020届石家庄市平山县平山中学高一英语下学期月考试题
2019人教版七英语下Unit 6单元复习试题
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |