Many economists ______ interest rates to climb even higher in the next few months. A.predict B
Many economists ______ interest rates to climb even higher in the next few months.
A.predict B.suspect C.indicate D.expect
Many economists ______ interest rates to climb even higher in the next few months.
A.predict B.suspect C.indicate D.expect
第1题
Questions下列各 are based on the following passage.
A newstudy shows a large gender gap on economic policy among the nations professional economists,a divide similar to the gender divide found in the general public.
"Asa group, we are pro-market," says Ann Marl May, co-author of the study anda University of Nebraska economist. "But women are more likely to acceptgovernment regulation and involvement in economic activity than our malecolleagues. "
"Itsvery puzzling," says free market economist Veronique de Rugy of the Mercatus Center at George Mason University. "Not a .day goes by that Idont ask myself why there are so few women economists on the free market side."
A nativeof France, de Rugy supported government intervention (干预) early in her life butchanged her mind after studying economics. "We want many of the samethings as liberals--less poverty, more health care--but have radicallydifferent ideas on how to achieve it. "
IAberaleconomist Dean Baker, co-founder of the Center for Economic Policy andResearch, says male economists have been on the inside of the profession,confirming each others antiregulation views. Women, as outsiders, "aremore likely to think independently or at least see people outside of theeconomics profession as forming their peer group," he says.
Thegender balance in economics is changing. One-third of economics doctorates (博士学位) now go to women."More diversity is needed at the table when pubflc policy isdiscussed," May says.
Economistsdo agree on some things. Female economists agree with men that Europe has toomuch regulation and that Wal-mart is good for society. Male economists agreewith their, female colleagues that military spending is too high.
Thegenders are most divorced from each other on the question of equality forwomen. Male economists overwhelmingly think the wage gap between men and womenis largely the result of indi~fluals skills, experience and voluntary choices.Female economists overwhelmingly disagree by a margin of 4-to-1.
Thebiggest disagreement: 76% of women say faculty opportunities in economics favormen. Male economists point the opposite way: 80% say women are favored or theprocess is neutral.
What is the finding of the new study?
A.The gender divide is a big concern of the general public.
B.Men and women understand economics quite differently.
C.The gap between male and female economists needs to be closed.
D.Male and female economists disagree widely on economic policy,
第2题
In 1870, homes and mules were the prime source of power on U.S. farms. One horse or many decades. At that time, had a national commission been asked to forecast the horse and mule population for 1970, its answer probably would have depended on whether its consultants were of an economic mm of mind. Had they been "economists", they would have recognized that the power of steam had already been harnessed to industry and to land and ocean transport. They would have recognized further that would be only a matter of time before steam would be the prime source of power on the farm. It would have been difficult for them to avoid the conclusion that the horse and mule population would decline rapidly.
Which of the following is NOT mentioned by the author as a consequence of new technological developments?
A.Older technologies die away.
B.The quality of life is improved.
C.Overall productivity increases.
D.More raw materials become necessary.
第3题
As the general standard of living in the country rises, the poverty line does, too. Therefore, even with today's relatively high standard of living, about 10 percent of the people in the United States are below the poverty line. However, if these people had stable jobs, they could have an acceptable standard of living. Economists suggest several reasons why poor people do not have jobs.
For one thing, more than half of the poor people in the United States are not qualified to work. Over 40 percent of the poor people are children. By law, children less than 16 years old cannot work in many industries. A large number of poor people are old. Many companies do not hire people over 65 years old, the normal retirement age.
Some poor adults do not look for jobs for a variety of personal reasons: they are sick, they do not have any motivation(动力). they have family problems, or they do notbelieve that they can find a job.
Other poor people look for a job but cannot find one. Many poor adults never went to high school. Therefore, when they look for jobs, they have few skills that they can offer.
At the present time, the government thinks it can reduce poverty in the country in the following ways.
First, if the national economy grows, businesses and industries hire more workers. Some of the poor who are qualified to look for jobs may find employment. Then they will no longer be below the poverty line.
Second, if society invests in the poor, the poor will become more productive. If the government spends money on social programs, education, and training for poor people, the poor will have the skills to offer. Then it is more likely that they can find jobs.
Finally, if the government distributes society's income differently, it raises some poor people above the poverty line. The government collects taxes from the non-poor and gives money to the poor. These payments to the poor are called welfare. In 1975 over 18 million people in the United States received welfare.
Some economists are looking for better solutions to the poverty problem. However, at the present time, many people depend on welfare for a minimally acceptable standard of living.
1.The author's main purpose to write this article is()
A、to define what the poverty line is
B、to explain why some people live the poverty line
C、to find solutions to the problem of poverty
D、to show sympathy for those poor people
2.Which of the following is NOT true?()
A、Ten percent of the Americans live a poor life.
B、Poor people are those who love below the poverty line.
C、The poverty line rises as the general standard of living rises.
D、The poverty line tends to be at the same level.
3.More than 40 percent of the poor people are children. This is mainly because ().
A、they do not have enough motivation
B、they are so young that they are deprived of chances to work
C、they fail to get enough education
D、they are very poor in health
4.Most of the American poor people are not qualified for employment because().
A、they to not have any motivation to work
B、they are not very self-confident
C、they are too young or too old to work
D、they have physical and family problems
5.We may conclude from the passage that().
A、better solutions to the poverty problem are not yet found
B、welfare will enable people to be rich
C、poor people are bound to go out of the poverty line if they have chances to do business
D、employment is the best solution to the poverty problem
第4题
In 1870, horses and mules were the prime source of power on U.S. farms. One horse or mule was required to support four human beings—a ratio that remained almost constant for many decades. At that time, had a national commission been asked to forecast the horse and mule population for 1970, its answer probably would have depended on whether its consultants were of an economic turn of mind. Had they been "economists", they would have recognized that the power of steam had already been harnessed to industry and to land and ocean transport. They would have recognized further that would be only a matter of time before steam would be the prime source of power on the farm. It would have been difficult for them to avoid the conclusion that the horse and mule population would decline rapidly.
Which of the following is NOT mentioned by the author as a consequence of new technological developments?
A.Older technologies die away.
B.The quality of life is improved.
C.Overall productivity increases.
D.More raw materials become necessary.
第5题
The Producer Price Index,【3】measures what producers receive for goods and services,【4】1 percent in July, the Labor Department reported yesterday, double【5】economists had been expecting and a sharp turnaround from flat prices in June. Excluding【6】and energy, the core index of producer prices rose 0.4 percent,【7】than the 0.1 percent that economists had【8】. Much of that increase was a result of an【9】increase in car and truck prices.
On Tuesday, the Labor Department said the【10】that consumers paid for goods and services in July were【11】0.5 percent over all, and up 0.1 percent, excluding food and energy.
12 the overall rise in both consumer and producer prices【13】caused by energy costs, which increased 4.4 percent in the month. (Wholesale food prices【14】0.3 percent in July.)【15】July 2004, wholesale prices were up 4.6 percent; the core rate【16】2.8 percent, its fastest pace since 1995.
Typically, increases in the Producer Price Index indicate similar changes in the consumer index【17】businesses recoup(补偿) higher costs from customers.【18】for much of this expansion, which started【19】the end of 2001, that has not been the【20】In fact, many businesses like automakers have been aggressively discounting their products.
(1)
A.indicate
B.to indicate
C.indicating
D.indicated
第6题
So why is its price soaring? Over the pest week, this has topped $ 450 a troy ounce, up by 9% since the beginning of the year and 77% since April 2001. Ah, comes the reply, gold transactions are denominated in dollars, and the rise in the price simply reflects the dollar’s fall in terms of other currencies, especially the euro, against which it hit a new low this week. Expressed in euros, the gold price has moved much less. How- ever, there is no iron link, us it were, between the value of the dollar and the value of gold. A rising price of gold, like that of anything else, can reflect an increase in demand as well as a depreciation of its unit of account.
This is where gold bulls come in. The fall in the dollar is important, but mainly because as a store of value the dollar stinks. With a few longish rallies, the greenback has been on a downward trend since it came off the gold standard in 1971. Now it is suffering one of its sharper declines. At the margin, extra demand has come from those who think dollars--indeed any money backed by nothing more than promises to keep inflation low--a decidedly risky investment, mainly because America, with the world's reserve currency, has been able to create and borrow so many of them. The least painful way of repaying those dollars is to make them worth less.
The striking exception to this extra demand comes from central banks, which would like to sell some of the gold they already have. As a legacy of the days when their currencies were backed by the metal, central banks still hold one-fifth of the world's gold. Last month the Bank of France said it would sell 500 tonnes in coming years. But big sales by central banks can cause the price to plunge--as when the Bank of England sold 395 tonnes between 1999 and 2002. The result was an agreement between central banks to co-ordinate and limit future sales.
If the price of gold marches higher, this agreement will presumably be ripped up, although a dollar crisis might make central banks think twice about switching into paper money. Will the overhang of central-bank gold drag the price down again? Not necessarily. As James Grant, gold bug and publisher of Grant's Interest Rate Observer, a newsletter, points out, in recent years the huge glut of government debt has not stopped a sharp rise in its price.
In economists' eyes, gold is something ______.
A.they look down upon
B.that can be exchanged in the market
C.worth people's reverence
D.that should be replaced by other forms of money
第7题
1. The Royal Swedish Academy of Sciences awarded the Nobel Prize in electronics to three Americans on Oct. 14, 2013.()
2. Eugene Fama, Lars Peter Hansen and Robert Shiller won the prize for their research and explanations of pricing forces in financial markets.()
3. Eugene Fama's research on financial markets in the 1960s resulted in some change in how market watchers look at investing.()
4. The findings of both economists have led to the growth of price prediction, investing many different securities as a way to reduce risk.()
5. The Nobel Prize in economics was established in memory of Alfred Nobel by Sweden's central bank in 1968.()
第8题
Those who criticize economic growth argue that we must slow down. They believe that society is approaching certain limits on growth. These include the fixed supply of natural resources, the possible negative effects of industry on the natural environment, and the continuing increase in the world's population. As society reaches these limits, economic growth can no longer continue, and the quality of life will decrease.
People who want more economic growth, on the other hand, argue that even at the present growth rate there are still many poor people in the world. These proponents of economic growth believe that only more growth can create the capital needed to improve the quality of life in the world. Furthermore, they argue that only continued growth can provide the financial resources required to protect our natural surroundings from industrialization.
This debate over the desirability of continued economic growth is of vital importance to business and industry. If those who argue against economic growth are correct, the problems they mention cannot be ignored. To find a solution, economists and the business community must pay attention to these problems and continue discussing them with one another.
What is this passage primarily concerned with?
A.The problems caused by economic growth.
B.The desirability of economic growth.
C.The desire for more material wealth.
D.The limits of economic growth.
第9题
Two economists at the Federal Reserve Bank in Dallas, W. Michael Cox and Richard Alin, reported on the 10 largest downsizers of the 1990—1995 period, which include Digital Equipment, McDonnell Douglas, General Electric, and Kmart. Collective output (sales adjusted for inflation) declined by almost 10 percent. On the other hand, productivity per worker rose nearly 28 percent, compared with a gain of 1.5 percent in the rest of the economy. Says Cox, "Most of the companies emerged from the downsizing more competitive than before and thus were able to provide greater security to their workers. " The cost? 850,000 workers.
Yet negative outcomes prevailed at many firms. Devastatingly low morale, increased disability claims and suits for wrongful discharge (解雇), and general mistrust of management plague many companies. A study done at the Wharton School examined data on several thousand firms and found that downsizing had little or no effect on earnings or stock market performance. Far more effective were leveraged buyouts (举债全额收购) and portfolio (投资组合) restructuring.
There is some evidence that consistent focus on creating value for share holders, which includes paring unneeded workers, actually increases jobs in the long run, "Stronger, leaner companies are able to compete in the world market more effectively, and that ultimately draws jobs back to those companies." That's the opinion of Thomas Copland, a director of McKinsey and Co., a management consulting firm that studied 20 years of data or 1,000 companies in the United States, Canada, Germany, Holland, Belgium, and France. The study revealed that, unlike those in the United States and Canada, the European firms lost jobs in the long term because their returns to shareholders fell between 1970 and 1990.
Although long-run growth is a pleasant prospect for shareholders, the short-term loss of jobs and income has left many employees and their families struggling in the aftermath of downsizing.
The term "downsizing" in this passage means ______.
A.just cutting down to size
B.producing smaller models or styles
C.cutting jobs and positions for higher performance and profits
D.cutting down on incentive programs
第10题
Read the article below about the central problem of Economics.
Choose the best word to fill each gap, from A, B, C or D.
For each question 19—33, mark one letter (A, B, C or D) on your Answer Sheet.
There is an example at the beginning.
The Central Problem of Economics
The central problem of economics is to satisfy the people's and nation's wants.
The problem we are faced with is that our resources, here identified as money, are limited. The only way we can resolve our problem is to make choices. After looking at our resources, we must examine our list of(19)…and identify the things we need immediately, those we can postpone, and(20)…we cannot afford. As individuals, we face the central problem involved in economics—deciding just how to allocate (分配)our limited resources to provide(21)…with the greatest satisfaction of our wants.
Nations face the same problem. As a country's population grows the need for more goods and services grows correspondingly. Resources necessary to production may increase, but there(22)…are enough resources to satisfy the total desires of a nation. Whether the budget meeting is taking place in the family(23) …room, in the conference room of the corporation (24)…of directors, or in the chamber of the House of Representatives in Washington, the basic problem still exists. We need to find methods of allocating limited resources in order to satisfy unlimited wants.
A short time ago economists(25)…goods into two categories, free and economic. The former, like air and water, were in(26)…abundance that economists had no concern for them. After all, economics is the(27)…of scarcity(匮乏)and what to do about it. Today many of these " free goods" are(28)…very expensive to use. Pollution has made clean air and water expensive for producers who have to filter their waste products, for consumers who ultimately(最终)(29)…the producers' extra costs, and(30)…taxpayers who pay for the government's involvement in cleaning the environment.
In the 1990s, almost all goods are (31)…Only by effort and money can they be obtained in the form. people wish.
Meeting the needs of people and froming resources available (32)… the basic activity of production. In trying to meet(33)…wants from limited economic goods, production leads to new problems in economics.
(19)
A.want
B.problems
C.wants
D.resources
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