PASSAGE 13
3 [# t" M9 q$ m0 H The Central Problem of Economics/ z3 \( m [ C/ d' x, u
The central problem of economics is to satisfy the people's and nation's wants.( F3 t) V7 p4 }& J6 A
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.
; K) z" j2 _$ t: i/ u1 R Nations face the same problem. As a country's 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.
0 E% s1 d5 v0 y1 D4 } 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 government's involvement in cleaning the environment.
6 N% C5 z) ~9 Y$ t, H- m" I In the 1990s, almost all goods are __13__. Only by effort and money __14__ obtained in the form people wish.
- D' S7 ^' e, z* e( ^! y! c: c+ S" ~ 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.7 ]. L) N5 i9 V
EXERCISE:7 B a# F9 f% T0 `4 X
1. A) limited B) unlimited C) scarcity D) abundant' z' b) c# C8 R! z/ B" J+ r
2. A) want B) problem C) wants D) resources
; p6 {+ }% i6 H: `( J/ ] 3. A) those B) some C) others D) many9 h: ?; M8 z3 M$ A6 A
4. A) them B) themselves C) ourselves D) ours: D7 X. Q U3 Q$ \. m s, r2 }
5. A) expand B) extends C) grows D) increase
m& m( O; T' P& v( j 6. A) always B) sometimes C) often D) never6 D1 E `! @ Z6 ~! S( C
7. A) management B) function C) board D) group* N Q' g4 ~' i+ {
8. A) people B) economists C ) way D) methods
& ~$ ]( c6 p9 Q% I2 _' ` 9. A) so B) great C) such D) such an }9 l( j( I! b# L$ e0 t
10. A) form B) study C) means D) source: Z4 I" i1 g- k+ e8 I, w) \- i. S5 F
11. A) practically B) in practice C)in reality D) practicably
+ N9 g- Y1 r4 P% } V8 o @3 V1 O 12. A) the B) / C) for D) with
3 a1 N Q# s% E 13. A) plentiful B) scarce C) abundant D) in full supply3 S; ^8 h8 `% a2 S
14. A) they can be B) can they be C) they must be D) must they be0 J+ T& p4 s; Y4 s
15. A) are led to B) leads C) lead to D) leads to$ w c& p2 O% h5 e# Y9 @0 ]
KEY:
; \( a+ L) I# w4 i8 F1 J/ M5 r; q A C A C C D C D C B C C B B D
- @8 k6 X6 H& S/ u, h" c PASSAGE 14
3 q2 [3 c- a7 A2 @- R Newspaper Reports
9 k4 X1 R: V2 n% H There are many type of reports. A report is simply __1__ of something that has happened. The commonest are __2__. We get them in newspapers, over radio and __3__ television. Sometimes cinemas also show us newsreels.7 \2 y/ }- `# W' W4 X- ~
The main purpose of a newspaper __4__ provide news. If you __5__ a newspaper closely, you will find that there are all types of news: accidents, floods, fires, wars, sports, books, etc. The news __6__ everything that happens to people and their surroundings. Sometimes there are news items which are very __7__.4 c9 V* c& @0 O: k
The big __8__ bold words above the news items are called headlines. Their purpose is to __9__ attention so that people will buy the newspaper because they want to read __10__ of the news.
6 u9 `9 x% i! b0 N! v A news report is usually very short, __11__ when it is about something very important, but it __12__ a lot of information. It is also written in short paragraphs. The first paragraph is in __13__ a summary of the news item. It gives all the necessary information: what, when, where, how, why. The other paragraphs give __14__ of the subject. There may also be interviews __15__ people. The words actually spoken by them are within inverted commas.# H V5 ~+ ^& c3 _1 ~5 M
Often there are photographs to go with the news to make it more interesting.
+ k' I& K( F/ `7 E 1. A) a count B) an account C) an accident D) an incident4 ^& F# B" e6 T
2. A) news reports B) new reports C) news report D) new report
! m) H5 y+ q! w 3. A) over B) by C) on D) through
7 b0 t4 E1 g h$ ^, w 4. A) is to B) is C) is to have D) is to be" ?$ L8 C4 u I( N& Q% \
5. A) examine B) watch C) look D) see7 D' }0 z* I7 E2 p+ m( \
6. A) concludes B) covers C) conclude D) cover
2 P* i8 h( g& k7 c 7. A) amuse B) amused C) amusing D) to amuse
7 X1 |( S% }$ }6 l 8. A) or B) as well C) both D) also
, u2 D# A1 t0 { 9. A) give B) attain C) pay D) attract4 l4 t% n* @ X W1 w5 ?9 {
10. A) the rest B) rest C) other D) the other8 B) x$ |+ f( O5 D# O4 z3 g$ W
11. A) besides B) apart from C) except D) except for/ h: ^' \/ X; q' U& {& D R. @! R
12. A) composes B) concludes C) confirms D) contains2 q; j+ p8 }/ r. k3 _1 q9 E
13. A) details B) reply C) all D) fact
' q2 x# V. T* x' J$ O3 N 14. A) fully details B) full details C) details fully D) details full7 _) V5 w8 l5 B( k
15. A) with B) between C) to D) among7 |, `% Q5 X5 Q9 `# s, j1 Q
KEYS: BACAA BCADA CDDBA |