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
新概念英语第二册美音版 46-Expensive and Uncomfortable
新概念英语第二册美音版 50-Taken for a Ride
新概念英语第二册美音版 24-It Could be Worse
新概念英语第二册美音版 07-Too Late
新概念英语第二册美音版 44-Through the Forest
新概念英语第二册美音版 10-Not for Jazz
新概念英语第二册美音版 05-No Wrong Numbers
新概念英语第二册美音版 48-Did You Want to Tell Me Something
新概念英语第二册美音版 25-Do the English Speak English
新概念英语第二册美音版 39-Am I All Right
新概念英语第二册美音版 13-The Greenwood Boys
新概念英语第二册美音版 04-An Exciting Trip
新概念英语第二册美音版 01-A Private Conversation
新概念英语第二册美音版 19-Sold Out
新概念英语第二册美音版 15-Good News
新概念英语第二册美音版 20-One Man in a Boat
新概念英语第二册美音版 36-Across the Channel
新概念英语第二册美音版 49-The End of a Dream
新概念英语第二册美音版 37-The Olympic Games
新概念英语第二册美音版 42-Not Very Musical
新概念英语第二册美音版 30-Football or Polo
新概念英语第二册美音版 29-Taxi
新概念英语第二册美音版 33-Out of the Darkness
新概念英语第二册美音版 17-Always Young
新概念英语第二册美音版 22-A Glass Envelope
新概念英语第二册美音版 02-Breakfast or Lunch
新概念英语第二册美音版 35-Stop Thief
新概念英语第二册美音版 32-Shopping Made Easy
新概念英语第二册美音版 18-He Often does This
新概念英语第二册美音版 38-Everything Except the Weather
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