The Central Problem of Economics
3 K& t' B2 c2 A The central problem of economics is to satisfy the people's and nation's wants.
5 M4 U7 |4 ^! Z8 b5 g The problem we faced with is that our resources,here identified as money are _1__.! y5 m' A0 Z' w! K- D
The only way we can solve the problem is to _2__ choices.After looking at our resources,we must examine our list of _3__ and identify the things we need immediately , _4_ we can postpone,and those we cannot afford.As individuals,we face the central problem involved in economics---decideing how to allocate our limited resources to _5__ ourselves with greatest satisfaction of our wants.
" l) V% z4 q/ ?" @9 B+ f Nations face __6_ problem. As a country's population_7__, the need for more goods and services grows correspondingly. Resources necessary to production may increase,but there _8__ are enough resources to satisfy the total desires of a nation.Whether the budget meeting is _9__ in the family living room,in the conference room of the corporation __10_ of directors,or in the chamber of the House of Representatives in Washington,the basic problem still exists.We need to find _11__ of allocating limited resources in order to satisfy unlimited wants." T+ j7 G# s; z0 P$ M
A short time ago,economists _12__ goods into two categories,free and economic.The former.,like air and water,were in _13__ abundance that economists had no concern for them.After all,economists is the _14__ of scarcity and what to do about it.Today many of these "free goods" are _15__ very expensive to use.Population has made clean air and water _16__ for producers who have to filter their waste products,for consumers who ultimately _17__ the producer's extra cost,and _18__ taxpayers who pay for the government's involvement _19__ the environment. J# `: M3 j l- q
In the 1990s,almost all goods are scares.Only by effort and money_20__ obtained in the from people wish./ u( [; l# m0 |7 W/ g
1) A abundant B scarce C limited D unlimited
% a2 Q3 v2 V( r) d 2) A have B do C make D ask4 O- R6 z# Y+ J/ V- N p
3) A want B resources C want D problem
; I7 O8 j7 J7 L' \' a( Q 4) A some B others C that D those% S0 b: o) U, t; R& M1 v5 X! e, _. R# K
5) A bring B provide C take D satisfy1 h) }+ G0 m! u+ N4 g1 P
6) A another B the same C the other D a same, D; w. ?, x+ E3 j1 E% E
7) A growing B grown C grows D grow
9 m1 l3 X: I# m8 W; N( ? 8) A sometimes B always C often D never' s, u7 i1 o2 j2 k
9) A taking place B happening C replacing D taking the place
; Q# T( y- K& F. P 10) A board B group C management D function, b5 U- p& k- }
11) A means B approach C ways D method. |/ L4 f$ _! @0 M, Z
12) A seperate B divide C cut D divided
: f# b! s' {8 S/ n 13) A a so B great C such D such an
; V$ k( g& J; g) N. s+ `' T9 l4 e 14) A study B form C means D source |