Name : Muhammad Rama Setadriya

NIM : B1A220175
Class : Management 2-D

THE MEANING OF ECONOMICS

A. Complete the following sentence, marking the group of words which corresponds most closely to
the text!
1. b. Is a world in which leisure is not known
2. b. With various resources like water, air, and minerals
3. b. Because we are never satisfied
4. b. Have many unsatisfied of desires
5. a. That scarcity will disappear in the near future

B. Say whether the following statements are true (T) or false (F). If they are false, then say why or
Correct it!
1. We live in a dream world (F)
2. We all have to work for a living (T)
3. Nature converts all resources into useful things (F)
4. Because we sacrifice a great deal of our leisure time, we produce enough to satisfy all our wants (F)
5. Nobody live below the minimum standards of health (T)
6. There will always be scarcity in all societies (T)
7. People’s desires will one day be entirely satisfied (F)

C. Answer the following questions basing your answer on the text!

1. The author dreams of a good life for us, the man must work to make a living because nature has
provided soil, minerals, water, air, sunlight, wild, animals, and plants. But man must use a part of his time
to convert these resources into things that can satisfy his desires. Because Millions of people have not
enough food,clothing, and shelter. They are in bad health and are always suffering from hunger. Other
million have just enough to maintain their health and strength. The author does not want scarcity to
occur, he wanted humans to pay more attention to life in the future, so that there would be no scarcity. as
much as possible we try to minimize the scarcity that will one day occur.
2. soil, minerals, water, air, sunlight, wild animals, and plants
3. Man has to work for a living. Man must use a part of his time to convert these resources into things that
can satisfy his desires. He must have food, clothing, living quarters, house furnishings, medicine, and
many other things that can make life more enjoyable.
4. Because people have a very high standard of living have many unsatisfied desires. They want more
leisure, better clothes, bigger house, more cars, more travel, more books, more music, more plays, and
many other things.
5. Millions of people have not enough food, clothing, and shelter. They are in bad health and are always
suffering from hunger. Other million have just enough to maintain their health and strength. Even those
people who have a very high standard of living have many unsatisfied desires: they want more leisure,
better clothes, bigger house, more cars, more travel, more books, more music, more plays, and many other
things.
6. The productivity of economic system is increasing more and more, but people’s desire will probably
rise still faster, so that scarcity will persist.