CONTENTS 1
Unit One 1
Text:What is Economics? 1
Practice 5
Additional Text 8
Check Your Understanding 9
Unit Two 11
Text:The Economic Problem 11
Practice 17
Additional Text 19
Check Your Understanding 22
Unit Three 23
Text:Economic Systems 23
Practice 29
Additional Text 31
Check Your Understanding 34
Unit Four 36
Text:Demand and Supply—The Price Mechanism(Ⅰ) 36
Practice 44
Additional Text 47
Check Your Understanding 50
Unit Five 51
Text:Demand and Supply—The Price Mechanism(Ⅱ) 51
Practice 58
Additional Text 61
Check Your Understanding 63
Text:The Organization of Business 65
Unit Six 65
Practice 72
Additional Text 74
Check Your Understanding 76
Unit Seven 78
Text:Money and Banking 78
Practice 84
Additional Text 87
Check Your Understanding 89
Unit Eight 90
Text:Population 90
Practice 95
Additional Text 97
Check Your Understanding 99
Unit Nine 101
Text:Income and Work 101
Practice 106
Additional Text 108
Check Your Understanding 110
Unit Ten 111
Text:The Government and the Economy 111
Practice 117
Additional Text 119
Cheek Your Understanding 121
Appendix Ⅰ Answers to Exercises 123
Appendix Ⅱ Chinese Translations of the Texts 149
Appendix Ⅲ Glossary 176