In an economic downturn, a company could temporarily reduce or eliminate ________.

A .  loss of retail sales B .  erosion of investor confidence C .  disruption of business operations D .  loss of suppliers or customer

A .  loss of retail sales B .  erosion of investor confidence C .  disruption of business operation D .  loss of suppliers or customer

A . 自由市场是一种经济体系， 其中的商品和服务价格往往受供给和需求的影响， 而不是由政府来控制 B . 在一个自由的市场经济体系中 ，商品和服务的价格是由供给和需求所决定， 而不是受政府的影响。 C . 自由市场是一种经济体系， 在这个体系中， 商品和服务的价格不仅由供给和需 求所决定， 也由政府来控制。

Cuba's National Assembly president opened the debate at the United Nations by announcing Havana's new legal campaign against the US embargo. Ricardo Allorcon said his country will Erie a US $ 100 billion law suit against Washington. The case seeks compensation for the enormous suffering inflicted by the 37-year-old economic blockade on the Cuban people. After the debate, the UN General Assembly voted 155 to 2 to demand an end to the sanctions for the eighth straight year. Only the US and Israel opposed the resolution. Washington's key allies, Japan, Canada and the European Union supported the calls for the lifting of the blockade. Washington has ignored the non-binding UN resolutions, insisting its embargo is a bilateral trade policy towards Cuba. In Bogota, Columbia, today, a mass of car bomb, packed with shrapnel, exploded on a busy street. Eight people are dead, forty-five others injured. Police believe that drug lords put the bomb there, angry that the government is sending suspected narcotics traffickers to the United States for trial. Questions: 6.What is the American government referred to as in the news？ 7.How much does Cuba ask for from America as compensation in this law suit？ 8.Why does America ignore the UN's resolution？ 9.How many people were killed and injured in the car bomb in Bogota, Columbia？ 10.What is the suspected reason for the accident according to the police？ (26) A．U.S. government. B．Washington. C．National Assembly. D．General Assembly.

是 否

In the 1980's, real estate prices soared to super inflated levels, and investors sank their money into the booming stock market. There seemed to be no end in sight for the land of the rising sun. Everything was rising, and the government, financial institutions, and individuals paid little heed to the warning signs of an imminent crash. Then, the bubble burst, and land and stock prices plunged. What is the result of the crash？ Many companies have faltered due to poor sales and bad debt, and have closed their doors. The domino effect on many financial institutions is that they must- bear an enormous number of unrecoverable loads, which have resulted when companies, depending on profits from land in vestments to repay loans, have fund themselves insolvent. Furthermore, many individual depositors, fearing a collapse of more banks and securities companies, have withdrawn their money in droves. Attempts by tile government to revitalize the sluggish and contracting economy have proven fruitless. Pump-priming measures including tax cuts and public works spending have done little to put the economy on tract again. What's more, the government's decision to increase the consumption tax from 3 to 5 percent in 1997 has had a devastating impact on consumer spending. As for the business sector, companies have tried various measures to streamline management, but other ill effects of such policies, including rising unemployment among older workers, have surfaced and have dealt a huge blow to the recovery process, Japan' s faltering economy has had an impact on other Asian countries, and some fear that the whole region will be drawn into depression. What will stem the tide of further economic collapse？ For one, Japan must stabilize its financial system and take immediate and effective measures to deal with non – performing loans. Revealing the severity of the problem to the public and foreign governments is an essential first step. A more vital solution might be to institute a permanent tax cut to stimulate consumer spending and confidence in the government' s handling of the situation. Ultimately, this will encourage domestic demand for goods and services and will be the driving force behind much of the recovery, That' s the bottom line. Of course, many more factors including deregulation will play a vital role in expediting economic stabilization and growth. Whatever the case, action must be carried out swiftly and decisively. A passive and .reticent approach to reform. and change is what has hampered any improvement so far. Other nations have encouraged Japan to step up the pace of implementing change, but Japan must make the first step . . . or else we might be witnessing the setting of this great rising sun. Japan's current economic crisis is the worst since ______. A．World War Ⅰ B．World War Ⅱ C．the Gulf War D．the Korean War

A．productivity B．possibility C．responsibility D．necessity

As the 100th anniversary of the first powered flight approaches in December, the industry it launched is still remarkably primitive. The car industry, created not long after the Wright Brothers made history, is now a global industry dominated by a dozen firms, at least half of which make good profits. Yet commercial aviation consists of 267 international carriers and another 500-plus domestic ones. The world's biggest carrier, American Airlines, has barely 7% of the global market, whereas the world's biggest carmaker, General Motors, has (with its associated firms) about a quarter of the world's automobile market. Aviation has been incompletely deregulated, and in only two markets: America and Europe. Everywhere else deals between governments direction who flies under what roles. These aim to preserve state-owned national flag-carriers, run for prestige rather than profit. And numerous restrictions on foreign ownership make cross-border airline mergers impossible. In America, the big network carriers face barriers to exit, which have kept their route networks too large. Trade unions resisting job cuts and Congressmen opposing route closures in their territory conspire to block change. In Europe, liberalization is limited by bilateral deals that prevent, for instance, British Airways (BA) flying to America from Frankfurt or Pads, or Lufthansa offering transatlantic flights from London's Heathrow. To use the car industry analogy, it is as if only Renaults were allowed to drive on French motorways. In airlines, the optimists are those who think that things are now so bad that the industry has no option but to evolve. Frederick Reid, president of Delta Airlines, said earlier this year that events since the 911 attacks are the equivalent of a meteor strike, changing the climate, creating a sort of nuclear winter and leading to a "compressed evolutionary cycle". So how, looking on the bright side, might the industry look after five years of accelerated development？ According to the author, the deeper problems of aviation industry ______. A．are the effects of various disasters B．are actually not fully recognized C．are attracting a lot of attention D．are not the real cause of airlines' bankruptcy

Now, those instincts are being put to the test. Many Fed watchers--and some policymakers inside the central bank itself--are beginning to wonder whether Greenspan has lost his touch. Despite rising risks to the economy from a swooning stock market and soaring oil prices that could hamper growth, the Greenspan-led Federal Open Market Committee (FOMC) opted to leave interest rates unchanged on Sept.24 . But in a rare dissent, two of the Fed's 12 policymakers broke ranks and voted for a cut in rates--Dallas Fed President Robert D. McTeer Jr. and central bank Governor Edward M. Gramlich. The move by McTeer, the Fed's self-styled "Lonesome Dove", was no surprise. But Gramlich's was. This was the first time that the monetary moderate had voted against the chairman since joining the Fed's board in 1997. And it was the first public dissent by a governor since 1995. Despite the split vote, it's too soon to count the maestro of monetary policy out. Greenspan had good reasons for not cutting interest rates now. And by acknowledging in the statement issued after the meeting that the economy does indeed face risks, Greenspan left the door wide open to a rate reduction in 'the future. Indeed, former Fed Governor Lyle Gramley thinks chances are good that the central bank might even cut rates before its next scheduled meeting on Nov. 6, the day after congressional elections. So why didn't the traditionally risk-averse Greenspan cut rates now as insurance against the dangers dogging growth？ For one thing, he still thinks the economy is in recovery mode. Consumer demand remains buoyant and has even been turbocharged recently by a new wave of mortgage refinancing. Economists reckon that homeowners will extract some ＄100 billion in cash from their houses in the second half of this year. And despite all the corporate gloom, business spending has shown signs of picking up, though not anywhere near as strongly as the Fed would like. Does that mean that further rate cuts are off the table？ Hardly. Watch for Greenspan to try to time any rate reductions to when they'll have the most psychological pop on business and investor confidence. That's surely no easy feat, but it's one that Greenspan has shown himself capable of more than once in the past. Don't be surprised if he surprises everyone again. Alan Greenspan owes his reputation much to ______. A．his successful predictions of economy B．his timely handling of interest rates C．his unusual economic policies D．his unique sense of dangers

The OECD estimates in its latest Economic Outlook that, if oil prices averaged $22 a barrel for a full year, compared with $13 in 1998, this would increase the oil import bill in rich economies by only 0.25---0.5% of GDP.

A、It uses the most up-to-date technology. B、The cost of human capital is as low as possible. C、The cost of producing a given output is as low as possible.

A．because there are close substitutes for the firm’s product B．because the firm is protected by barriers to entry C．because the firm produces where MR = MC D．All of the above are reasons why a monopoly can earn an economic profit in the long run．

是 否

A.Too True to Be Good B.Widowers’ Houses C.Mrs. Warren&39;s Profession D.How She Lied to Her Husband

Junior Achievement has gone through different stages in its development. 12 It was started by two business leaders, Horace Moses and Theodore Vail, and Senator Murray Crane in 1919 in Springfield, Massachusetts. The organization started with a small number of children aged ten to twelve. For more than 50 years, Junior Achievement programs met after school as a group of business clubs. But in 1975, Junior Achievement began to offer classes during school hours. Many more young people joined the organization once it began to teach business skills as part of the school day. In 2004, Junior Achievement Worldwide was formed. The Junior Achievement programs teach about businesses, how they are organized, and how products are made and sold.13 The programs also teach about the American and world economies and business operations. Young people can learn how entrepreneurship works by operating their own companies. For instance, the students develop a product and sell shares in their company. They use the money to buy the materials they need to make their product, which they then sell. Finally, they return the profits to the people who bought shares in the company. It is reported that in the United States alone, there are more than 22,000 places that hold Junior Achievement events currently. According to Junior Achievement, about 287,000 volunteers support its programs around the world. 1.This passage is about Junior Achievement，an international movement to educate young people about businesses and economics.（） 2.Junior Achievement was started by two business leaders in Massachusetts.（） 3.Classes during school hours have been available in Junior Achievement for more than 60 years.（） 4.Junior Achievement has been worldwide since 1919.（） 5.Volunteers of Junior Achievement teach about the American and world economies and business operations.（）