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
【北师大版】2014届高考英语一轮复习指导课时作业:Unit 20 B卷 Word版含解析
2014届高三英语一轮复习教案 Book 1 Unit 2 English around the world(新人教版)
【北师大版】2014届高考英语一轮复习指导课时作业:Unit 19 B卷 Word版含解析
2014届高三英语一轮复习教案 Book 5 Unit 2 The United Kingdom(新人教版)
2014届高三英语一轮复习教案 Book 2 Unit 5 Music(新人教版)
2014届高三英语一轮复习教案 Book 2 Unit 1 Cultural relics(新人教版)
【北师大版】2014届高考英语一轮复习指导课时作业:Unit 24 A卷 Word版含解析
成功无止境,四个方法让成功人士更成功
2014届高三英语一轮复习教案 Book 4 Unit 3 A taste of English humour(新人教版)
2014届高三英语一轮复习教案 Book 5 Unit 1 Great scientists(新人教版)
天津市宝坻区2016-2017学年高二11月联考英语试卷
2014届高三英语一轮复习教案 Book 4 Unit 2 Working the land(新人教版)
天津市宝坻区2016-2017学年高一11月联考英语试卷
【北师大版】2014届高考英语一轮复习指导课时作业:Unit 17 B卷 Word版含解析
【北师大版】2014届高考英语一轮复习指导课时作业:Unit 19 A卷 Word版含解析
【北师大版】2014届高考英语一轮复习指导课时作业:Unit 23 A卷 Word版含解析
美剧中最常表达恋爱的7个词
2014届高三英语一轮复习教案 Book 5 Unit 4 Making the news(新人教版)
运用功能主义翻译目的论赏析《水浒传》习语英译
A Race Against Death It was a cold January in 1925 in North Alaska.阅读理解答案
贵州省贵阳市2014高考英语(新人教版)一轮阅读训练(38)附答案
【北师大版】2014届高考英语一轮复习指导课时作业:Unit 17 A卷 Word版含解析
歌星乔治·迈克尔去世 享年53岁
5款节后健康美食,每逢佳节不长肉!
【北师大版】2014届高考英语一轮复习指导课时作业:Unit 23 B卷 Word版含解析
2014届高三英语一轮复习教案 Book 4 Unit 4 Body language(新人教版)
Every single human being on this planet has a path and purpose to fulfill,阅读理解答案
2014届高三英语一轮复习教案 Book 1 Unit 3 Travel journal(新人教版)
日本机场为智能手机装
外媒:这个中国大妈专业打小三!战斗力爆表!
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |