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 person s 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 person s position in a traditional society?
A. Family background
B. Age
C. Religious beliefs.
D. Custom
答案:ABDDB
2018广东佛山三水初一下英语期末试题
2018江西赣州章贡七年级下英语期末试题
2018-2019山东邹城六中八年级下第一次月考英语试题答案
2018湖北广水七年级下英语期末试题
2018四川广元七年级下英语期末试题
广州越秀大广附中2017-2018七年级下期末英语答案
2018新疆维吾尔自治区七年级下英语期末试题
2018云南腾冲七年级下英语期末试题
2018黑龙江大庆三站中学初一下英语期末试题
2018江苏苏州太仓七年级下英语期末试题
2018甘肃定西七年级下英语期末试题
2018四川阆中七年级下英语期末试题
2018北京延庆四中七年级下英语期末试题
2018江苏苏州昆山七年级下英语期末试题
2018重庆梁平七年级下英语期末试题
河南驻马店2中2018第二学期期末教学七年级英语()
2018河北唐山路南七年级下英语期末试题
2018山东济宁梁山马营中学七年级下英语期末试题
广州越秀大广附中2017-2018七年级下期末英语
2018陕西商南七年级下学英语期末试题
2018河北邢台临西二中七年级下英语期末答案
山东菏泽定陶2018七年级期末考试英语试题答案
2018浙江杭州建兰中学七年级下英语期末试题答案
2018山东烟台芝罘初一下英语期末试题
山东济南历城2018年七年级下期末考试英语答案
2018年四川德阳一中七年级下英语期末试题
2018浙江杭州建兰中学七年级下英语期末试题
2017-2018广州荔湾七第二学期期末英语试题
2018江苏南京师大附中新城中学七年级下英语期末试题
2018北京延庆四中七年级下英语期末试题答案
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |