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届重庆市高考英语一轮复习阅读理解选编精练:42(含解析)
怎么把早晨变成自己的巅峰时刻?
2017年高考英语一轮复习讲练测:必修4.5《Theme parks》(练)(解析版)
2017年高考英语一轮复习讲练测:必修4.5《Theme parks》(练)(原卷版)
研究表明 英国男性找兼职时会遭遇歧视
体坛英语资讯: China misses mens 3m springboard gold at FINA Diving World Series
2017年高考英语一轮复习讲练测:必修4.3《A taste of English humour》(练)(原卷版)
2017年高考英语一轮复习讲练测:必修4.1《Women of achievement》(讲)(原卷版)
2017年高考英语一轮复习讲练测:必修4.5《Theme parks》(讲)(解析版)
2017年高考英语一轮复习讲练测:必修3.3《The Million Pound Bank Note》(测)(原卷版)
2017届重庆市高考英语一轮复习阅读理解选编精练:39(含解析)
2017年高考英语一轮复习讲练测:必修4.4《Body language》(测)(解析版)
国内英语资讯:Chinese automaker FAW sees robust sales growth
国际英语资讯:British govt urged to safeguard rights of EU nationals in Britain
体坛英语资讯:Barca score 5 to remain top in Spain
体坛英语资讯:Bayern extend lead, Dortmund stage goal festival in German Bundesliga
3年高考2年模拟1年原创备战2017高考精品系列之英语:专题28 任务型阅读(江苏)(原卷版)
2017年高考英语一轮复习讲练测:必修4.2《Working the land》(测)(原卷版)
江西省红色七校2017届高三下学期第二次联考英语试卷
3年高考2年模拟1年原创备战2017高考精品系列之英语:专题24 新题型——短文改错(新课标、全国2卷、全国3卷、四川、浙江)(原卷版)
3年高考2年模拟1年原创备战2017高考精品系列之英语:专题27 标题匹配(浙江)(原卷版)
2017年高考英语一轮复习讲练测:必修4.5《Theme parks》(讲)(原卷版)
签名可以看出你是自恋狂吗?
3年高考2年模拟1年原创备战2017高考精品系列之英语:专题29 阅读表达、阅读简答(天津)(原卷版)
2017年高考英语一轮复习讲练测:必修4.2《Working the land》(讲)(原卷版)
2017年高考英语一轮复习讲练测:必修4.4《Body language》(讲)(解析版)
国内英语资讯:Spring Festival events attended by 280 million overseas
3年高考2年模拟1年原创备战2017高考精品系列之英语:专题26 新题型——语法填空(新课标、广东、湖南)(原卷版)
2017年高考英语一轮复习讲练测:必修4.4《Body language》(练)(原卷版)
2017年高考英语一轮复习讲练测:必修4.4《Body language》(练)(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 |