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Lesson 1

1．What Does an Economist Do? 1

2．Look after What We Have 11

3．Mass-Production 21

4．Labels 32

5．Relax and Live 43

6．British Exports and Imports 56

7．Universal Product Code 66

8．Raw Materials for Clothing 77

9．Direct Taxation and Indirect Taxation 89

10．Going to Work in New York 100

11．The First Four Minutes 113

12．Transport and Public Transportation 127

13．Iron and Steel 141

14．Why People Buy 156

Appendices 173

Chinese Translations for Reference 173

Key to the Exercises 186

Vocabulary List 205