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
2017届高考英语一轮复习考点规范练:8 必修3 Unit 8(北师大版含解析)
2017届高考英语一轮复习专题讲学案:专题16 书面表达(解析版)
2017届高考英语一轮复习专题讲学案:专题14 阅读理解(解析版)
2017届高考英语一轮复习考点规范练:21 选修7 Unit 21(北师大版含解析)
2017届福建省高考英语一轮复习语法专题练:2 代词(新人教版含解析)
2017届高考英语一轮复习考点规范练:3 必修1 Unit 3(北师大版含解析)
坚持的力量 The Power of Persistence
2017届高考英语一轮复习考点规范练:23 选修8 Unit 23(北师大版含解析)
2017届高考英语一轮复习考点规范练:24 选修8 Unit 24(北师大版含解析)
2017届高考英语一轮复习考点规范练:18 选修6 Unit 18(北师大版含解析)
2017届福建省高考英语一轮复习语法专题练:3 介词和介词短语(新人教版含解析)
2017届高考英语一轮复习考点规范练:5 必修2 Unit 5(北师大版含解析)
2017届高考英语一轮复习考点规范练:4 必修2 Unit 4(北师大版含解析)
2017届高考英语一轮复习专题讲学案:专题09 名词性从句(解析版)
2017届高考英语一轮复习考点规范练:19 选修7 Unit 19(北师大版含解析)
2017届高考英语一轮复习考点规范练:17 选修6 Unit 17(北师大版含解析)
Shawn’s Saturday “Hey, Dad! ” Shawn shouted, “I’m going to play basketball with Peter!”语法填空
2017届高考英语一轮复习考点规范练:6 必修2 Unit 6(北师大版含解析)
外媒评HBO史上最好20部美剧:第1竟然是…
2017届高考英语一轮复习专题讲学案:专题10 连词和状语从句(解析版)
少年在联合国发表演讲 A Teenager Delivered a Speech in UN
2017届高考英语一轮复习专题讲学案:专题02 代词(解析版)
2017届福建省高考英语一轮复习语法专题练:1 名词和冠词(新人教版含解析)
2017届高考英语一轮复习考点规范练:9 必修3 Unit 9(北师大版含解析)
去你的国家旅行时,哪些事绝对不能做?
年轻人少熬夜 早睡的人更聪明!
2017届高考英语一轮复习专题讲学案:专题04 动词及动词短语(解析版)
Grey clouds move as low as smoke over the treetops at Lolo Pass.阅读理解答案
2017届高考英语一轮复习考点规范练:10 必修4 Unit 10(北师大版含解析)
2017届高考英语一轮复习专题讲学案:专题01 名词与冠词(解析版)
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |