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
初三英语作文:The Holiday of Labors Day
义乌初三英语作文题目及范文
初三英语作文:有关清明节的英文作文范文
初三英语作文:外国友人说重庆变化很大
初三英语作文:我的好朋友 My good friend
初三英语作文:有意思的五一劳动节 Labor Day fun
初三英语:形容词比较级前使用冠词的几种情况
长沙初三英语作文题目及范文
初三英语作文:关于时间的英语作文
初三英语作文:向外国友人简单介绍黄山
初三英语作文:我梦想的家 My dream home
中考英语名言:我所有的一切皆归功于母亲
初三英语作文:我的卧室My Bedroom
福州初三英语作文题目及范文
初三英语作文:钱能给我们带来什么What Can Money Bring to Us
初三英语作文:Asking the Way问路
初三英语满分作文
宁波初三英语作文题目及范文
初三英语作文:难忘的一天A Day to Remember
初三英语作文:我的自行车My Bike
妈妈,原来您也有犯错误的时候Mom, I Thought You
初三英语作文:A Tree
初三英语作文:关于五一劳动节的英语作文
初三英语作文:Planting Trees 植树
初三英语作文:我们的新老师Our New Teacher
初三英语:初中孩子适合看什么样的英语读物?
初三英语中简单句的九大基本句型
苏州初三英语作文题目及范文
初三英语作文:唉,我太粗心了Alas,I Am Too Careless
专家支招:谈初中英语与高中英语的衔接
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |