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
国内英语资讯:Chinese vice premier stresses poverty relief through relocation
体坛英语资讯:Maradona named coach of Al-Fujairah
国际英语资讯:News Analysis: Electing Macron, France chooses not to yield to fear, but remains fractured
体坛英语资讯:Draw held for 2019 FIBA Basketball World Cup as new trophy unveiled
国内英语资讯:China sends inspectors to check local anti-bureaucracy efforts
国内英语资讯:Chinese vice president calls for deepening China-Senegalese cooperation
和“英式甜点”有关的英语表达
整容医生告诉你哪种下巴最好看
富养与穷养 Raised In Rich and Poor Way
博科娃总干事2017年体育促进发展与和平国际日致辞
山东省日照市2017届高三下学期第一次模拟考试英语试卷
王毅在朝核问题联合国安理会部长级公开会上的发言
国际英语资讯:Russian FM Lavrov to visit U.S., hold talks with Tillerson
Artificial sun and hedgehogs saved 人造太阳,英国村庄帮刺猬恢复健康
美文赏析:冥冥之中自有天意
微软推出面向大学生的笔记本电脑,叫板苹果
Being super-rich 腰缠万贯
旅游的意义 The Meaning of Travel
微信支付与支付宝硬碰硬
陈冯富珍总干事在麻醉药品委员会第六十届会议上的开幕词
食品问题 The Problem of Food
印度医生集体学跆拳道防医暴
国内英语资讯:Chinas top legislator hears briefing by Macao SAR officials
研究显示 爱情和毒品一样会让你上瘾
暖心:一本《足球小将》成叙利亚难民儿童梦想的港湾
阿富汗的伊斯兰国头目被杀
杰克船长 Captain Jack
马克龙赢得法国大选,意味着什么?
偷礼物的妈妈 A Mother Who Stole the Gift
体坛英语资讯:Tragedy-hit Chapecoense win Brazils Santa Catarina championship
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |