首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Economics What is the lecture mainly about?
Economics What is the lecture mainly about?
admin
2012-01-14
83
问题
Economics
What is the lecture mainly about?
In this course, we’ll look at the basic problems every economy must face. We’ll focus on the modern industrial economy, and how it solves the problems of what, how, and for whom goods are produced. We’ll examine the market mechanism, how the problems of production are solved through a system of markets and prices.
The market system isn’t perfect. In fact, it’s far from perfect, but it’s one way to solve the problems of production. Let me just say one thing before we go on. No human economy today is purely a market economy. What we have in most capitalist societies today is known as a mixed economy.
In a mixed economy, the markets and the government share economic control over the direction of the market. The government has an important role in regulating business activity. A pure market system would have no government intervention—just consumers and businesses interacting through markets to determine the answers to the basic questions of economic organization.
OK. It’s essential to understand how a pure market system works. Basically, it works like this: consumers are kind of like voters. They use their money like votes to buy what they want. My votes compete with your votes over the goods we both want to buy. The consumers with the most dollar votes have the most influence over what gets produced and to whom goods go. In economics, the consumer is king.
The consumer is like a king—or a dictator, really, if we’re talking about a pure market system. In a pure market, the consumer would dictate the type and quantity and price of the goods that get produced. Of course, it’s not exactly like that in the real world because real consumers don’t always have complete information about goods, and, of course, real consumers can be influenced by advertising.
OK. Let’s take a look at how the consumer’s money votes operate in the marketplace. What I mean is, we’ll examine the theory of the two central economic forces: supply and demand, and how they influence each other and are eventually brought into balance by the price of the good.
First, let’s consider demand. In economics, "demand" refers to the amount of a good or service that people are ready to buy. Generally speaking, the quantity that people will buy depends on the price. The higher the price of a good, the less of it people will buy. The lower the price, the more they’ll buy. So you can see there’s a definite relationship between the price of a good and the quantity demanded. The connection between price and quantity is clear. When the price of a good is raised, consumer demand for it goes down. But when the price falls, demand increases, as more people will be willing and able to buy it at a lower price.
OK. That’s demand. Now, what about supply? In economics, "supply" means how much of a good producers are willing to supply. Goods are supplied by businesses. Businesses—if they’re competitive—they don’t supply goods for fun. They supply goods for profit. They’ll supply more of a good when the price is high because it’s more profitable to do so. But when the price is low, producers will choose to supply some other more profitable good instead.
I’ve just given you the briefest summary of market economics. Tomorrow we’ll look at just how supply and demand work in a real-world mixed economy. We’ll see how the market price of a good is a function of supply and demand ... how the price is a sort of agreement between the people who sell a good and the people who buy it.
选项
A、Basic problems in every society
B、How a market economy works
C、The power of consumers
D、Economics as a career choice
答案
B
解析
The professor mainly discusses how a market economy works. The professor says In this course, we’ll look at the basic problems every economy must face. We’ll focus on the modern industrial economy...; We’ll examine the market mechanism, how the problems of production are solved through a system of markets and prices. (2.1)
转载请注明原文地址:https://kaotiyun.com/show/6TyO777K
0
托福(TOEFL)
相关试题推荐
CompletethediagramybelowusingNOMORETHANTHREEWORDSfromthepassage.Writeyouranswersinboxes32-36onyouranswersh
CompletethesentencesbelowusingNOMORETHANONEWORDfromthepassage.Writeyouranswersinboxes32-35onyouranswershee
Youshouldspendabout20minutesonQuestions27-40,whicharebasedonReadingPassage3below.ArtificialartistsCancompute
Youshouldspendabout20minutesonQuestions27-40,whicharebasedonReadingPassage3below.ArtificialartistsCancompute
LivingDunesWhenyouthinkofasanddune,youprobablypictureabarrenpileoflifelesssand.Butsanddunesareactuallydyn
SECTION1Questions1-10Questions1-3Listentothetelephoneconversationbetweenastudentandtheownerofaparaglidings
Whatpercentageofthestudentsaremature?Arelativelyhighproportionofstudentsdecideto______inNewtownaftergraduati
Theprofessorsaysthatsuperhighways______.【26】
Thelecturersaysthatanessayislike______toaspecificquestion.Useinterviewstogatherinformation.
conversation/tocommunicate本题有关这位男士学日语的特定需求。录音原文中Iwillneedtobeableto…和I’llputdown提示其后为答案。由于题目要求不超过三个词,因此该空填写名词或者动词短语均可。
随机试题
组织设计最为重要的基础工作是()
护患关系
女婴,7个月。以发热,咳嗽,喘憋6天为主诉入院。入院后第2天患儿突然面色灰白,极度烦躁不安,呼吸明显增快(60次/分),听心音低钝,节律整。心率180次/分,呈奔马律,双肺闻及广泛的水泡音,肝肋下3cm,下肢有水肿。血常规:白细胞55×109/L。胸片
氟西汀为
施工合同范本中为使用者提供了( )标准化的附件。
根据现行法律规定,企业所得税的基本税率为()。
下列选项中,不属于目标管理要素的是()。
陈某外出期间家中失火,邻居家lO岁的女儿刘某呼叫邻居救火,并取自家衣物参与扑火。在救火过程中,刘某手部烧伤,花去医疗费200元,衣物损失100元。下列哪种说法是正确的?()
网卡的功能是将PC机或服务器连接到网络上,下面关于以太网网卡的叙述中,不正确的是( )。
数据库设计的根本目标是要解决
最新回复
(
0
)