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
八年级英语上单选专项练习二
英语中考语法(六)连词专题复习
八年级英语上重点词组练习
中考英语精选真题讲解
八年级英语单项选择专项练习一
九年级英语完成句子专项练习
英语中考语法(四)数词专题复习
八年级英语用词适当形式填空
英语中考语法(一)名词专题复习(1)
初中英语常用量词词组及其它词组
九年级英语单选练习50
中考英语完型填空之答题技巧:精选巧选
九年级英语上完型填空练习七则
九年级英语句型转换专项二
英语语法大全整本收录(七) 动词不定式
英语课外辅导:中考 V-ing 形式考点分析
击重点句式链接中考考点(一)
八年级英语同义句转换
中考英语短文填空练习一
点击重点句式链接中考考点(二)
英语语法大全整本收录(四)形容词和副词
英语语法大全整本收录(三) 代词
八年级英语用词的适当形式填空
英语语法大全整本收录(一)名词
从词法和句法入手巧解短文改错题
八年级英语宾语从句练习
英语中考语法(五)动词专题复习(1)
英语中考语法(一)名词专题复习(2)
八年级英语同义句转换练习
英语语法大全整本收录(十三)句子的种类
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |