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
双语两会:政府工作报告十大民生亮点
国内英语资讯:Government provides financial aid for 96 mln Chinese students in 2017
寒潮侵袭!英国人如临大敌,却遭北欧加拿大网友无情嘲笑
2018年全国两会热点前瞻
《权游》所有演员都是假发?那黄老板呢...
Does China Has Highways? 中国有高速公路吗?
国内英语资讯:China Focus: China pursues world peace, common development in international agenda
国内英语资讯:Xi stresses military-civilian integration in new era
成百上千人不健康的原因是因为太忙?工作使得他们没有时间吃有营养的食物
体坛英语资讯:Dortmund held by Augsburg 1-1 in German Bundesliga
科普:为什么结婚戒指戴在左手上?
国内英语资讯:China calls for U.S. restraint on trade protectionism
国际英语资讯:IS claims deadly drive-by shooting in Yemens Aden
“抢红包”,用英语怎么说?
这组漫画高能了!中国姑娘让你秒懂中西方文化差异(组图)
文在寅称慰安妇问题没完,日本提出抗议
体坛英语资讯:Ronaldinho: Neymar to bring Brazil World Cup joy
A lack of women in science 科学领域缺少女性工作者
国内英语资讯:Light show at major Budapest hotel for EU-China 2018 Tourism Year
西方银行争抢“一带一路”蛋糕
A Boy Makes History 一个创造历史的男孩
国际英语资讯:Syrian army airdrops leaflets over Eastern Ghouta to urge civilians to leave, rebels to surr
国际英语资讯:Spotlight: waves surging, fights cancelled, power out as windstorm hits U.S. East Coast
国内英语资讯:Chinas new maglev train to roll off production line
创纪录!新漫威神作《黑豹》,票房首超《神奇女侠》!
体坛英语资讯:Messi and Suarez on the mark as Barca cruise past Girona
体坛英语资讯:Bayerns Coman sidelined several weeks
涉嫌向总统大儿子寄白色粉末,一名男子被逮捕
科普:为什么结婚戒指戴在左手上?
体坛英语资讯:Monchengladbach win, Hoffenheim held in German Bundesliga
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |