There are various ways in which individual economic units can interact with one another. Three basic ways may be described as the market system, the administered system, and the traditional system.
In a market system individual economic units are free to interact among each other in the marketplace. It is possible to buy commodities from other economic units or sell commodities to them. In a market, transactions may take place via barter or money exchange. In a barter economy, real goods such as automobiles, shoes, and pizzas are traded against each other. Obviously, finding somebody who wants to trade my old car in exchange for a sailboat may not always be an easy task. Hence, the introduction of money as a medium of exchange eases transactions considerably. In the modern market economy, goods and services are bought or sold for money.
An alternative to the market system is administrative control by some agency over all transactions. This agency will issue edicts or commands as to how much of each good and service should be produced, exchanged, and consumed by each economic unit. Central planning may be one way of administering such an economy. The central plan, drawn up by the government, shows the amounts of each commodity produced by the various firms and allocated to different households for consumption. This is an example of complete planning of production, consumption, and exchange for the whole economy.
In a traditional society, production and consumption patterns are governed by tradition; every persons place within the economic system is fixed by parentage, religion, and custom. Transactions take place on the basis of tradition, too. People belonging to a certain group or caste may have an obligation to care for other persons, provide them with food and shelter, care for their health, and provide for their education. Clearly, in a system where every decision is made on the basis of tradition alone, progress may be difficult to achieve. A stagnant society may result.
1. What is the main purpose of the passage?
A. To outline contrasting types of economic systems.
B. To explain the science of economics.
C. To argue for the superiority of one economic system.
D. To compare barter and money-exchange markets.
2. In the second paragraph, the word real in real goods could best be replaced by ___,
A. high quality
B. concrete
C. utter
D. authentic.
3. According to the passage, a barter economy can generate ___.
A. rapid speed of transactions.
B. misunderstandings.
C. inflation
D. difficulties for the traders.
4. According to the passage, who has the greatest degree of control in the administered system?
A. Individual households
B. Small businesses.
C. Major corporations.
D. The government.
5. Which of the following is not mentioned by the author as a criterion for determining a persons position in a traditional society?
A. Family background
B. Age
C. Religious beliefs.
D. Custom
答案:ABDDB
热门事件学英语:微博实名制 你怎么看?
孩子开销大怎么办?
走马观花看美国:体验世界过山车之最
上海奢华情人节:情人无价 情人节有价
北京安检可能减少奥运乐趣
双语:新型电脑芯片可让电脑提速20倍
英国弱视妇女捕获近百公斤重鲶鱼
节日双语:美国情人节求婚带动消费
元宵节传说:点彩灯源于天帝震怒?
台湾咖啡店标明咖啡因含量卖咖啡
英国女王发表2011圣诞讲话:英联邦是个大家庭(双语)
象棋大师头脑发达 双脑并用
六大妙招教您如何提升幸福感(图组)
英语资讯:土耳其东部发生7.2级地震(双语)
盘点2011-《时代》年度十大被忽略事件
百万张奥运门票发放全国中小学
资讯英语:公务员考试报名 最火职位4616选1
360度看伦敦 世界最清晰全景图出炉
奥运给北京树起新地标
双语:研究称人类无法分辨男女
荷兰新推宠物狗啤酒 主人可与狗共饮
“凡亚比”登陆台湾 将成为今年我国最强台风
麦当劳的奥运“嘉年华”
绯闻女孩第四季剧透 Chuck是否归来之谜
盖茨基金会支持北京“无烟奥运”
北京奥运机动车限行措施昨日启动
今年过节流行送2012诺亚方舟船票
漫画英语之节后综合症
奥运让北京更文明
盘点乔布斯一生犯下的六个错误
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |