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The American economic system is organized around a basically private-enterpr
The American economic system is organized around a basically private-enterpr
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2023-09-03
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问题
The American economic system is organized around a basically private-enterprise, market-oriented economy in which consumers largely determine what shall be produced by spending their money in the market-place for those goods and services that they want most. Private businessmen, striving to (47)______ profits, produce these goods and service in (48)______ with other businessmen; and the profit motive, operating under competitive pressures, largely determines how these goods and services are produced. Thus, in the American economic system it is the (49)______ of individual consumers, coupled with the desire of businessmen to maximize profits and the desire of individuals to maximize their incomes, that together (50)______ what shall be produced and how resources are used to produce it.
An important factor in a market-oriented economy is the mechanism by Which consumers’ demands can be expressed and responded (51)______ by producers. In the American economy, this mechanism is provided by a price system, a process in which prices rise and (52)______ in response to relative demands of consumers and supplies offered by seller-producers. If the product is in short supply relative to the demand, the price will be bid up and some consumers will be (53)______ from the market. If, on the other (54)______, producing more of a commodity results in reducing its cost, this will tend to increase the supply offered by seller-producers, which in turn will lower the price and permit more consumers to buy the product. Thus, price is the regulating mechanism in the American economic system.
The important factor in a private-enterprise economy is that individuals are allowed to own productive resources(private property), and they are permitted to hire labor, gain (55)______ over natural resources, and produce goods and services for sale at a profit. In the American economy, the concept of private property (56)______ not only the ownership of productive resources but also certain rights, including the right to determine the price of a product or to make a free contract with another private individual.
Word Bank:
A. eliminated I. make
B. implies J. to
C. embraces K. in
D. hand L. fall
E. determine M. decrease
F. control N. demand
G. competition O. compete
H. determination
[br]
选项
答案
D
解析
根据词组搭配,空格处应填名词,而前文阐述了价格出现“上下波动”的一个方面,即“价格上涨导致某些消费者被排挤出市场”,空格所在句子应该接着阐述“价格下跌”时的情况,故空格所在词组应起转折的作用,因此选择 hand,构成固定短语on the other hand另一方面。
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