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
国际英语资讯:Spotlight: Measles cases rise in Turkey amid anti-vaccination sentiment
国际英语资讯:U.S. national zoo holds housewarming event inside giant panda house
国内英语资讯:China to further enhance physical education in primary, secondary schools
国际英语资讯:Venezuela wants peace with U.S., talks with opposition: FM
国内英语资讯:China, Canada to launch television festival in Toronto
国际英语资讯:German Bundestag passes emergency laws in case of hard Brexit
体坛英语资讯:40,000 runners race at the annual Tel Aviv Marathon
心理学如何解读人的吸引力?
体坛英语资讯:Pizjuan Stadium first destination in the long week for Barca
体坛英语资讯:Craven-led Namibian team NCCS to compete in South African cycling tours
体坛英语资讯:Forward Morris ready to help Thunder
国内英语资讯:Concern over safety in China unnecessary: FM spokesperson
体坛英语资讯:Indonesia boosts defense ahead of match against Cambodia in AFF U-22 LG CUP
国际英语资讯:UN food agency revisits Yemen wheat silos after months of suspension
体坛英语资讯:Barca looking to end away day problems as Real Madrid visit Levante in Matchday 25
赫本最爱的护肤品牌是它?你喜欢吗?
每天1万步就叫健康吗?这原来是日本人的营销
体坛英语资讯:Thailand wins both singles titles at Asian Sepak Takraw Championship
国际英语资讯:Four dead, several injured as gale-force winds batter Italy
增强宝宝免疫力的食物
国际英语资讯:Putin salutes fallen soldiers on Defender of Fatherland Day
国际英语资讯:Belt and Road Initiative brings new opportunities for Nepal: former Nepali PM
国际英语资讯:Trump arrives in Hanoi for 2nd DPRK-U.S. summit
国内英语资讯:Vice premier stresses solid preparations for 2nd import expo
体坛英语资讯:Frankfurt crush Shakhtar Donetsk 4-1 in UEFA Europa League
体坛英语资讯:Three-pointers gift Jordan 86-62 win over China in FIBA World Cup qualifier
国际英语资讯:Feature: Crisis-hit Greek antique artworks dealers welcome recovery, hope for better days
国际英语资讯:Venezuelans march in Caracas in defense of peace
体坛英语资讯:Bremen tie struggling Stuttgart 1-1 in German Bundesliga
国内英语资讯:Investigation on alleged misconduct by supreme court wrapped up
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |