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Passage 1
The market is a concept. If you are growing tomatoes in your backyard for sale you are producing for the market. You might sell some to your neighbor and some to the manager of the local supermarket. But in either case, you are producing for the market. Your efforts are being directed by the market. If people stop buying tomatoes, you will stop producing them.
If you take care of a sick person to earn money, you are producing for the market. If your father is a steelworker or a truck driver or a doctor or a grocer, he is producing goods or service for the market.
When you spend your income, you are buying things from the market. You may spend money in stores, supermarkets, gas station and restaurants. Still you are buying from the market. When the local grocer hires you to drive the delivery truck, he is buying your labor in the labor market.
The market may be something abstract. But for each person or business who is making and selling something, it's very real. If nobody buys your tomatoes, it won't be long before you get the message. The market is telling you something. It's telling you that you are using energies and resources in doing something the market doesn't want you to do.
11. Which of the following would be the best title of the passage?
A. Selling and Buying.
B. What Is the Market?
C. Everything You Do Is Producing for the Market.
D. What the Market Can Do for You?
12. All of the following acts are producing for the market EXCEPT ______.
A. working in a bank B. printing a book
C. attending a night school D. growing beans for sale
13. You are buying from the market when you ______.
A. borrow a book from the library B. look after your children
C. drive to the seaside for a holiday D. dine at a restaurant
14. The word "real" in the last paragraph may most probably mean ______.
A. serious B. true
C. important D. concrete
15. In what way is the market very real for each person or business who is making and selling something?
A. It tells you what to produce.
B. It tells you how to grow tomatoes.
C. It provides you with everything you need.
D. It helps you save money.
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