The Global Economy
Of all the sciences, only two are subjects that have a direct and (46) (notice) effect on our lives every day. One is meteorology, the study of wea (47) , Heat, cold, sun and rain affect us in many ways—in the kind (48) clothing we wear, for example, and the types of activities we do outdoors. Economics is the ot (49) science that affects the daily life of all of us. Each time we spend money, or it is spent on us, we are (50) (contribute) to the economic life of our country, and in fact, of the world.
Most people haves basic understanding of the weather, b (51) how many people feel comfortable with the subject of economics Often, economics seems to be a mys (52) subject. Newspapers and television use terminology that can sound (53) a foreign language. They speak of the gross (54) (nation) product, the balance of payments, the cost of living, interest, productivity, stocks and bonds, and so forth.
In some ways, economics is like an enormous jigsaw puzzle. Each piece is basic, but the pieces interconnect, one to another, in a large picture. To look at the whole picture, you must begin piece by piece. Knowledge of the individual pieces and their int (55) will help you understand the global picture.