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
体坛资讯:Bucks draft Yi Jianlian of China
体坛资讯:China smash Malaysia 5-1, Indonesia overcome Bahrain 2-1
体坛英语资讯:Hamilton wants Alonso out of McLaren
体坛英语资讯:Arsenal back on top as Chelsea end goal drought
体坛英语资讯:Respect, admiration abound in Shanghai
体坛英语资讯:Switzerland beat Hungary 3-2 in World Cup qualifier
体坛资讯:Henry to arrive in Barcelona on Sunday
体坛资讯:Riquelme double inspires Argentina to win over Peru
体坛英语资讯:Champion stunned but China unbeaten at Magdeburg World Cup
体坛资讯:Chinese to dominate Thailand Open finals
体坛资讯:Hammam confident of Qatar bid for 2011 Asian Cup
体坛英语资讯:Coach has support in Cup wake, Domanski likely to stay
体坛英语资讯:Olympic basketball hopes in jeopardy: Yao
体坛资讯:Richards to meet an example, Liu Xiang to set an example
国内英语资讯:Chinese spending on shopping, food hit record high during National Day holiday
体坛英语资讯:Hosts China struggle into quarter-finals
体坛英语资讯:Germany beats North Korea 3-0 to advance to semifinals
体坛资讯:Spanoulis insists his Rockets days over
体坛英语资讯:China overpowered 77-83 in friendly
体坛英语资讯:Benevolent Yao breaks rules for good cause
体坛资讯:China prepare for Asian Cup semi-final showdown: coach
体坛资讯:Yi agent seeks trade but NBA Bucks want Chinese star
体坛英语资讯:Yi debuts for Bucks in win
体坛英语资讯:Peng upsets Mauresmo to reach semis at China Open
体坛英语资讯:China beat Bullets in the last of Basketball Series
体坛英语资讯:Landis takes his doping case to CAS
体坛资讯:Yao Ming keen on bearing flag for China at Beijing Olympics
体坛英语资讯:Chinas Zheng to miss World Cup qualifier
体坛资讯:Chinese badminton stars to attend Thailand Open GP gold
体坛英语资讯:Messi and Umtiti close to fitness for vital forthcoming games
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |