The Central Problem of Economics
* @0 r/ F* ^; \/ O$ q The central problem of economics is to satisfy the people's and nation's wants.
4 z; Y" V) t' p5 } The problem we faced with is that our resources,here identified as money are _1__.8 E5 g; |: k9 Z1 K/ h% v
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.
6 u5 Q2 b% p/ B) z0 _% w 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.0 m' @- c! x$ H& p& `
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.! s& k0 X) r3 T _
In the 1990s,almost all goods are scares.Only by effort and money_20__ obtained in the from people wish.( g0 h- N; n+ M! `3 D6 y
1) A abundant B scarce C limited D unlimited; }4 H+ P3 Y# ~% ]9 O7 ~/ ]
2) A have B do C make D ask
3 J r& U `2 r 3) A want B resources C want D problem
2 b! K# r* x& x- J$ z0 v2 X1 M 4) A some B others C that D those
, ]0 w* y3 j1 A 5) A bring B provide C take D satisfy8 F7 {6 G$ S3 R" s5 Z
6) A another B the same C the other D a same
+ x! H! R' n4 O% Q2 D 7) A growing B grown C grows D grow
0 U' |1 u5 C) v& ?+ h- g! H0 Q 8) A sometimes B always C often D never- {* _4 I: h% ^6 @, }& D/ j; Y& X/ l8 {
9) A taking place B happening C replacing D taking the place: G: u$ {, J" x" t% V/ Z
10) A board B group C management D function
7 c& P: l) g- H$ X 11) A means B approach C ways D method
5 O; \ E4 L1 q/ ~& U% J8 Y 12) A seperate B divide C cut D divided0 x/ b+ B9 }! }) Y
13) A a so B great C such D such an
; ~) W) a; _; d6 k# [) L: s 14) A study B form C means D source |