Education has a value of consumption and its demand will depend on its own price,prices of other goods,and______income.A.domesticB.homeC.houseD.household
Education has a value of consumption and its demand will depend on its own price,prices of other goods,and______income.
A.domestic
B.home
C.house
D.household
B.home
C.house
D.household
参考解析
解析:本题考查形容词的词义辨析。题目意为“教育具有消费价值,其需求将取决于其自身的价格、其他商品的价格和家庭收入。”A选项“国内的”,B选项“家,住宅”,C选项“房子,房屋”, D选项“家庭的”。household income固定搭配,意为“家庭收入”。
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Text 4Could the bad old days of economic decline be about to return? Since OPEC agreed to supply - cuts in March, the price of crude oil has jumped to almost $ 26 a barrel, up from less than $10 last December. This near - tripling of oil prices calls up scary memories of the 1973 oil shock, when prices quadrupled, and 1979 -80, when they also almost tri- pled. Both previous shocks resulted in double - digit inflation and global economic decline. So there are the headlines warning of gloom and doom this time?The oil price was given another push up this week when Iraq suspended oil experts. Strengthening economic growth, al the' same time as winter grips the northern hemisphere, could push the price higher still in the short Item.Yet there are good reasons to expect the economic consequences now to be less severe than in the 1970s. In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the 1970s. In Europe, tuxes account for up to four - fifths of the retail price, so even quite big changes in the price of crude have a more muted effect on pump prices than in the past.Rich economies are also less dependent on oil than they were, and so less sensitive to swings in the 'oil price. Energy conservation, a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption. Software, consultancy and mobile telephones use far less oil than steel or car production. For each dollar of GDP (in constant prices) rich economies now use nearly 50% less oil than in 1973. The OECD estimates in its latest Economic Outlook that, 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. That is less than one-quarter of the income loss in 1974 or 1980. On the other hand, oil-importing emerging economies—to which heavy industry has shifted—have become more energy-intensive, and se could he more seriously squeezed.One more reason net to lose sleep over the rise in oil prices is that, unlike the rises in the 1970s, it has not occurred against the background of general commodity-price inflation and global excess demand. A sizable portion of the world is only just emerging from economic decline. The Economist's commodity price index is broadly unchanging from a year ago. In 1973 commodity prices jumped by 70%, and in 1979 by almost 30%.36. The main reason for the latest rise of oil price is______.A) global inflationB) reduction in supplyC) fast growth in economyD) Iraq' s suspension of exports
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PV Co is evaluating an investment proposal to manufacture Product W33, which has performed well in test marketing trials conducted recently by the company’s research and development division. The following information relating to this investment proposal has now been prepared.Initial investment $2 millionSelling price (current price terms) $20 per unitExpected selling price inflation 3% per yearVariable operating costs (current price terms) $8 per unitFixed operating costs (current price terms) $170,000 per yearExpected operating cost inflation 4% per yearThe research and development division has prepared the following demand forecast as a result of its test marketing trials. The forecast reflects expected technological change and its effect on the anticipated life-cycle of Product W33.It is expected that all units of Product W33 produced will be sold, in line with the company’s policy of keeping no inventory of finished goods. No terminal value or machinery scrap value is expected at the end of four years, when production of Product W33 is planned to end. For investment appraisal purposes, PV Co uses a nominal (money) discount rate of 10% per year and a target return on capital employed of 30% per year. Ignore taxation.Required:(a) Identify and explain the key stages in the capital investment decision-making process, and the role ofinvestment appraisal in this process. (7 marks)(b) Calculate the following values for the investment proposal:(i) net present value;(ii) internal rate of return;(iii) return on capital employed (accounting rate of return) based on average investment; and(iv) discounted payback period. (13 marks)(c) Discuss your findings in each section of (b) above and advise whether the investment proposal is financially acceptable. (5 marks)
共用题干第三篇Oil and EconomyCould the bad old days of economic decline be about to return?Since OPEC agreed to supplycuts in March,the price of crude oil has jumped to almost $26 a barrel,up from less than$10 last December. This near-tripling of oil prices calls up scary memories of the 1973 oil shock,when prices quadrupled,and 1979一1980,when they also almost tripled.Both previous shocks resulted in double一digit inflation and global economic decline.So where are the headlines warning of gloom and doom this time?The oil price was given another push up this week when Iraq suspended oil exports.Strengthening economic growth,at the same time as winter grips the northern hemisphere,could push the price higher still in the short term.Yet there are good reasons to expect the economic consequences now to be less severe than in the 1970s.In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the 1970s.In Europe,taxes account for up to four-fifths of the retail price,so even quite big changes in the price of crude oil have a more muted effect on pump prices than in the past.Rich economies are also less dependent on oil than they were,and so less sensitive to swings in the oil price.Energy conservation,a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption.Software,consultancy and mobile telephones use far less oil than steel or car production.For each dollar of GDP(in constant prices)rich economies now use nearly 50%less oil than in 1973.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.S%of GDP. That is less than one-quarter of the income loss in 1974 or 1980.On the other hand,oil-importing emerging economies一to which heavy industry has shifted一have become more energy一intensive,and so could be more seriously squeezed.One more reason not to lose sleep over the rise in oil prices is that,unlike the rises in the 1970s,it has not occurred against the background of general commodity-price inflation and global excess demand.A sizable portion of the world is only just emerging from economic decline.The Economist's commodity price index is broadly unchanging from a year ago. In 1973 commodity prices jumped by 70%,and in 1979 by almost 30%.It can be inferred from the text that the retail price of petrol will go up dramatically in Europe if______.A:price of crude risesB:commodity prices riseC:consumption risesD:oil taxes rise
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共用题干Price PlanningA price represents the value of goods or service for both the seller and the buyer. Price planning is the systematic decision made by an organization after regarding all aspects of pricing.The value of goods or service can involve both tangible and intangible marketing factors.An example ofa tangible marketing factor is the cost savings_(46).An example of an intangible marketin factor is a consumer's pride in the ownership of a Lamborghini rather than another brand of automobile.To make a deal,both the buyer and seller must feel that the price of goods or service provides an equitablevalue.To the buyer,the payment of a price reduces purchasing power_________(47).To the seller, receipt of a price is a source of revenue and an important determinant of sales and profit levels.Many words are substitutes for the term price:admission fee,membership fee,rate,tuition,service charge,donation,rent,salary,interest,retainer,and assessment.No matter what it is called,________(48):mone- tary and non-monetary charges,discounts,handling and shipping fees,credit charges and other forms of inter- est,and late-payment penalties. A non-price exchange would be selling a new iron for 10 books of trading stamps or an airline offering tickets as payment for advertising space and time.Monetary and non-monetary ex-change may be combined.This is common with automobiles,________(49).This combination allows a re- duction in the monetary price.From a broader perspective,price is the mechanism for allocating goods and services among potential purchasers and for ensuring competition among sellers in an open market economy.If there is an excess of de- mand over supply,prices are usually bid up by consumers.If there is an excess of supply over demand,_________ (50)._________(48)A:a price contains all the connotation of other terms of purchaseB:obtained by the purchase of a new bottling machine by a soda manufacturerC:where the consumer gives the seller money plus a trade-inD:available for other itemsE:prices are usually reduced by sellersF: price means what one pays for what he wants
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In any country, the "standard ofliving" means the average person′s share of the goods and services whichthe country produces. Therefore, a country′s standard of living depends firstand foremost on its capacity to produce wealth. "Wealth" in thissense is not money, but "goods" such as food and clothing, and"services" such as transport and entertainment.The capacity to produce wealth depends uponmany factors, most of which have an effect on one another. To a great extent,wealth depends upon a country′s natural resources, such as coal, gold, andother minerals, water supply and so on. Some regions of the world are wellsupplied with coal and minerals, and some are not.Next to natural resources comes the abilityto turn them to use. Some countries are perhaps well off in natural resources,but unable to develop their resources. They suffered for many years from civiland external wars. Peaceful political and stable conditions enable a country todevelop its natural resources effectively, and to produce more wealth thananother country equally well served by nature but less well ordered. Anotherimportant factor is the technical efficiency of a country′s people.Industrialized countries that have trained numerous skilled workers andtechnicians produce wealth more than countries whose workers are largelyunskilled.A country′s standard of living does notonly depend upon the wealth that is produced and consumed within its ownborders, but also upon what is indirectly produced through international trade.For instance, Britain′s wealth isfoodstuffs and other agricultural products would be much less if she had todepend only on those grown at home. Trade makes it possible for her surplusmanufacture goods to be traded abroad for the agricultural products. In thisaspect, a country′s wealth is much influenced by its manufacturing capacity,provided that other countries can be found ready to accept its manufactures.The manufacturing capacity may be a keyfactor to a higher standard of living when one country ______A.has traded her manufactureB.has established her wealthC.has been an industrialized oneD.has produced surplus manufactured goods
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Which of the following is not true of Britain.s foreign trade?()AThe value of Britain.s exports of goods usually exceeds the value of its imports.BThe value of Britain.s imports of goods usually exceeds the value of its exports.CManufactured goods now account for about 85%of British imports and about 80%of its exports.DMost of the United Kingdom.s trade is with other developed countries,especially other members of the European Union.
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问答题Directions:In this section, there is one passage followed by 5 questions. Read the passage carefully, then answer the questions in a maximum of 10 words. Remember to write the answers on the Answer Sheet. Questions 1-5 are based on the following passage. Could the bad old days of economic decline be about to return? Since OPEC agreed to supply-cuts in March, the price of crude oil has jumped to almost $26 a barrel, up from less than $10 last December. This near-tripling of oil prices calls up scary memories of the 1973 oil shock, when prices quadrupled, and 1979-1980, when they also almost tripled. Both previous shocks resulted in double-digit inflation and global economic decline. So where are the headlines warning of gloom and doom this time? The oil price was given another push up this week when Iraq suspended oil exports. Strengthening economic growth, at the same time as winter grips the northern hemisphere, could push the price higher still in the short term. Yet there are good reasons to expect the economic consequences now to be less severe than in the 1970s. In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the 1970s. In Europe, taxes account for up to four-fifths of the retail price, so even quite big changes in the price of crude have a more muted effect on pump prices than in the past. Rich economies are also less dependent on oil than they were, and so less sensitive to swings in the oil price. Energy conservation, a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption. Software, consultancy and mobile telephones use far less oil than steel or car production. For each dollar of GDP (in constant prices) rich economies now use nearly 50% less oil than in 1973. 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. That is less than one-quarter of the income loss in 1974 or 1980. On the other hand, oil-importing emerging economies—to which heavy industry has shifted—have become more energy-intensive, and so could be more seriously squeezed. One more reason not to lose sleep over the rise in oil prices is that, unlike the rises in the 1970s, it has not occurred against the background of general commodity-price inflation and global excess demand. A sizable portion of the world is only just emerging from economic decline. The economist’s commodity price index is broadly unchanging from a year ago. In 1973 commodity prices jumped by 70%, and in 1979 by almost 30%. Questions: 1.What is the main reason for the latest rise of oil price? 2.What are the results of the 1970s’ oil shock? 3.It can be inferred from the text that the retail price of petrol will go up dramatically if ________. 4.According to the passage, reduction in oil consumption is due to ________, a shift to other fuels and a decline in the importance of heavy, energy-intensive industries. 5.According to the passage, compared with those in the 1970s, oil-price shocks are ________ now.
单选题The word “Diaspora” in this passage means _____.Athe movement of the Jewish people away from their own country to live and work in other countriesBthe movement of people from any nation or group away from their own countryCany group that has been dispersed outside its traditional homelandDa dispersion of an originally homogeneous entity, such as a language or culture
单选题Which of the following is not true of Britain.s foreign trade?()AThe value of Britain.s exports of goods usually exceeds the value of its imports.BThe value of Britain.s imports of goods usually exceeds the value of its exports.CManufactured goods now account for about 85%of British imports and about 80%of its exports.DMost of the United Kingdom.s trade is with other developed countries,especially other members of the European Union.