The central problem of economics is to satisfy the people's and nation's wants.
The problem we faced with is that our resources,here identified as money are _1__.
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.
Nations face __6_ problem. As a country's population_7__, the need for more goods 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.
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. 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. In the 1990s,almost all goods are scares.Only by effort and money_20__ obtained in the from people wish.
1) A abundant B scarce C limited D unlimited 2) A have B do C make D ask 3) A want B resources C want D problem 4) A some B others C that D those 5) A bring B provide C take D satisfy 6) A another B the same C the other D a same 7) A growing B grown C grows D grow 8) A sometimes B always C often D never 9) A taking place B happening C replacing D taking the place 10) A board B group C management D function 11) A means B approach C ways D method 12) A seperate B divide C cut D divided 13) A a so B great C such D such an 14) A study B form C means D source 15) A particularly B in practice C pracitally D in reality 16) A cheaper B more expensive C expensive D cheap 17) A pay for Bwill pay for C use D will use 18) A the B with C for D also 19) A cleaning B in cleaning C about cleaning D clean 20) A they can be B they must be C must they be D can they be