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There are various ways in which individual economic units can interact with
one another. These basic ways may be described as the market system, the
administered system, and the traditional system.
In a market system individual economic units are free to interact among
each other in the marketplace. It is possible to buy goods from other economic
units or sell goods to them. In a market, transactions may take place through
barter or money exchange. In a barter economy, real goods such as automobiles,
shoes, and rice are traded against each other. Obviously, finding somebody who
wants to trade my old car in exchange for a sail-boat may not always be an easy
task. Hence, the introduction of money as a medium of exchange eases
transactions considerably. In the modern market economy ? goods and services are
bought or sold for money.
An alternative to the market system is administrative control by some
agency over all transactions. This agency will issue commands as to how much of
each goods and service should be produced, and consumed by each economic unit.
Central planning may be one way of running such an economy. The central plan,
drawn up by the government, shows the amounts of each goods produced by the
various firms and shared among different households for consumption. This is an
example of complete planning of production, consumption, and exchange for the
whole economy.
In a traditional society, production and consumption patterns are governed
by tradition; every person's place within the economic system is fixed by
fatherhood or motherhood, religion, and custom. Transactions take place on the
basis of tradition, too.
26. The main purpose of the passage is______.
A. to outline different types of economic systems
B. to explain the science of economics
C. to argue that one economic system is better than the others
D. to compare barter and money-exchange markets
27. In the second paragraph, the word "real" could best be replaced
by______.
A. high quality B. special
C. actual D. exact
28. Which of the following statements is TRUE according to the passage?
A. The author prefers the market system to either the administered system
or the traditional system.
B. In an administered system only the government makes decision.
C. In a market economy services can be sold or bought.
D. The traditional system is good for a society which asks for little
progress.
29. According to the passage, a barter economy can lead to______.
A. rapid speed of transaction B. misunderstanding
C. inflation D. difficulties for traders
30. According to the passage, who has the greatest degree of control in an
administered system?
A. Individual household. B. Major corporations.
C. Small businesses. D. The government.
答案:26. A 27. C 28. C 29. D 20. D |
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