Text 1 Last year nearly one miUion Americans filed for bankruptcy.That is far fewer than the number who used to seek bankruptcy protection before the law was made tougher a decade ago.This reform may have done more harm than good.The aim of bankniptcy law is to give people relief from unpay-able debts.Some two-thirds of individual bankruptcies are due to a lost job.Many bankrupts need time to get back on their feet.In the mid-2000s Chapter 7 rules made it easy to wash away debts.That initated credit-card finns,which claimed that spendthrifts abused the system;so in 2005 the law was toughened.The idea was to shift people to a Chapter 13 bankruptcy,where they would have to repay some of the debt.The reform had a big impact.At least at first,Chapter 13 filings rose relative to Chapter 7 ones.And a new paper,from Stefania Albanesi,of the New York Federal Reserve,and Jaromir Nosal,of Columbia University,finds that the reform led to a permanent drop in the bankruptcy rate.However,other recent research suggests that this is not necessarily a good thing.Will Dobbie,of Princeton University,and Jae Song,of the SociaJ Securiiy AdminisLration,look at Chapter 13 bankrupLcies before the reforms of 2005.They link half a million bankruptcy filings to tax records and use a novel technique to analyse them.Because some bankruptcy judges are more merciful than others,people in similar straits may end up wiLh different bankruptcy decisions.This quirk allows some useful comparisons.Messrs Dobbie and Song argue that easier bankruptcy laws have good microeconomic effects.lf a creditor may no longer claim large chunks of a bankrupt's salary,that may increase his incentive to work-and decrease his need to slip out of town,change his job and close down his bank account.On average,those granted bankrupLcy eamed over 6,000 more in the subsequent year than similarly-placed plaintiffs who were rejected.The unlucky ones found it trickier to service their mortgages.Michelle White of the University of California,San Diego and colleagues found that bankruptcy reform caused the default rate on prime mortgages to rise 23%.Making consumer-bankruptcy law more debtor-friendly could hit Americans in other ways.If lenders are exposed to bigger losses,some argue,interest rates for such things as creditcards are bound to rise.But that danger can be overstated.Credit-card comparues may be reluctant to charge rates higher than their competitors'lest they attract more customers-those not put off by high rates because they know that,with luck,they won't have to pay their debts back.Dobbie and Song believe that easier bankruptcy laws____.A.may stimulate the debtorsB.will do more harm than goodC.may increase bankers'incentiveD.will raise people's average salary
Text 1 Last year nearly one miUion Americans filed for bankruptcy.That is far fewer than the number who used to seek bankruptcy protection before the law was made tougher a decade ago.This reform may have done more harm than good.The aim of bankniptcy law is to give people relief from unpay-able debts.Some two-thirds of individual bankruptcies are due to a lost job.Many bankrupts need time to get back on their feet.In the mid-2000s Chapter 7 rules made it easy to wash away debts.That initated credit-card finns,which claimed that spendthrifts abused the system;so in 2005 the law was toughened.The idea was to shift people to a Chapter 13 bankruptcy,where they would have to repay some of the debt.The reform had a big impact.At least at first,Chapter 13 filings rose relative to Chapter 7 ones.And a new paper,from Stefania Albanesi,of the New York Federal Reserve,and Jaromir Nosal,of Columbia University,finds that the reform led to a permanent drop in the bankruptcy rate.However,other recent research suggests that this is not necessarily a good thing.Will Dobbie,of Princeton University,and Jae Song,of the SociaJ Securiiy AdminisLration,look at Chapter 13 bankrupLcies before the reforms of 2005.They link half a million bankruptcy filings to tax records and use a novel technique to analyse them.Because some bankruptcy judges are more merciful than others,people in similar straits may end up wiLh different bankruptcy decisions.This quirk allows some useful comparisons.Messrs Dobbie and Song argue that easier bankruptcy laws have good microeconomic effects.lf a creditor may no longer claim large chunks of a bankrupt's salary,that may increase his incentive to work-and decrease his need to slip out of town,change his job and close down his bank account.On average,those granted bankrupLcy eamed over 6,000 more in the subsequent year than similarly-placed plaintiffs who were rejected.The unlucky ones found it trickier to service their mortgages.Michelle White of the University of California,San Diego and colleagues found that bankruptcy reform caused the default rate on prime mortgages to rise 23%.Making consumer-bankruptcy law more debtor-friendly could hit Americans in other ways.If lenders are exposed to bigger losses,some argue,interest rates for such things as creditcards are bound to rise.But that danger can be overstated.Credit-card comparues may be reluctant to charge rates higher than their competitors'lest they attract more customers-those not put off by high rates because they know that,with luck,they won't have to pay their debts back.
Dobbie and Song believe that easier bankruptcy laws____.
Dobbie and Song believe that easier bankruptcy laws____.
A.may stimulate the debtors
B.will do more harm than good
C.may increase bankers'incentive
D.will raise people's average salary
B.will do more harm than good
C.may increase bankers'incentive
D.will raise people's average salary
参考解析
解析：观点题。根据题干定位到第四段前两句：Messrs Dobbie and Song argue that easier bankruptcy laws have good microeconomic effects.If a creditor may no longer claim large chunks of a bankrupt's salary，that may increase his incentive to work...这两句都是答案句的范围。其中，good、lncrease等词都是正向词汇，选项[B]will do more harm than good“弊大于利”，其中do more harm是明显的负面词汇，与原文不符，故可以排除该项。选项[C]may increase bankers'incentive”可能激励银行家”；原文说的是increase his（指a bankrupt“破产者”）in．cenLive：故该项属于偷换概念。选项[D]will raise people's average salary“将会提高人们的平均工资”；该项对应On average，those granted bankruptcy earned over 6，000 more...原文说的是提高a bankrupt“破产者”的收入，而非“people”，people-词夸大范围，也属于偷换概念。选项[A]may stimulate the debtors“可能激励债务人”；该项与原文increase his（the bankrupt's）incentive to work相符；其中，stimulate“激励”=increase incentive“激励”；debtor“债务人”=bankrupt“破产者”；与原文是同义替换关系，故为正确答案。
相关考题：
Last year the number of studects who graduated with a driving licence reached 200,000, a(n)__ of 40,000 per year.A.averageB.numberC.amountD.quantity
The world’s population continues to grow. There now are about 4 billion of us on earth. That could reach 6 billion by the end of the century and 11 billion in a further 75 years. Experts have long been concerned about such a growth. Where will we find the food, water, jobs, houses, school and health care for all these people?A major new study shows that the situation may be changing. A large and rapid drop in the world’s birth rate has taken place during the past 10 years. Families generally are smaller now than they were a few years ago. It is happening in both developing and industrial nations.Researchers said they found a number of reasons for this. More men and women are waiting longer to get married and are using birth control devices and methods to prevent or delay pregnancy. More women are going to school or working at jobs away from home instead of having children. And more governments, especially in developing nations, now support family planning programs to reduce population grow.China is one of the nations that have made great progress in reducing its population growth. China has already cut its rate of population growth by about half since 1970.Each Chinese family is now urged to have no more than one child. And the hope is to reach a zero population growth with the total number of births equaling the total number of deaths by the year 2000.Several nations in Europe already have fewer births than deaths. Experts said that these nations could face a serious shortage of workers in the future. And the persons who are working could face much higher taxes to help support the growing number of retired people.1. The world’s population could reach ____________.A. 6 billion in 75 yearsB. 11 billion in 2075C. 11 billion by the end of this centuryD. 600 million in 15 years2. Which of the following is true?A. The world’s birth rate is higher than ten years ago.B. There has been a slower population growth in the past ten years.C. Families are as large as before.D. Birth control has been well practiced in all nations.3. By the year 2000, the number of births and the number of deaths in China will _______.A. be greatly differentB. drop a great dealC. be equalD. become much larger4. According to the essay, China’s population control ________.A. is not quite successfulB. should be considered a big successC. is far from being successfulD. is a complete failure5. It may happen in the future that the people who are working in Europe will have to pay much higher taxes because___________.A. more and more children will be bornB. the number of retired people will become ever largerC. fewer and fewer children will be bornD. they will be making a lot of money
Estimates _____ anywhere from 600 000 to 3 million. Although the figure may vary, analysts do agree on another mater: that the number of the homeless is increasing. One of the federal government’s studies predicts that the number of the homeless will reach nearly 19 million by the end of this decade.[A] cover[B] change[C] differ[D] range
All around the world,lawyers generate more hostility than the members of any other profession—with the possible exception of journalism.But there are few places where clients have more grounds for complaint than America.During the decade before the economic crisis,spending on legal services in America grew twice as fast as inflation.The best lawyers made skyscrapers-full of money,tempting ever more students to pile into law schools.But most law graduates never get a big-firm job.Many of them instead become the kind of nuisance-lawsuit filer that makes the tort system a costly nightmare.There are many reasons for this.One is the excessive costs of a legal education.There is just one path for a lawyer in most American states:a four-year undergraduate degree in some unrelated subject,then a three-year law degree at one of 200 law schools authorized by the American Bar Association and an expensive preparation for the bar exam.This leaves today’s average law-school graduate with$100,000 of debt on top of undergraduate debts.Law-school debt means that many cannot afford to go into government or non-profit work,and that they have to work fearsomely hard.Reforming the system would help both lawyers and their customers.Sensible ideas have been around for a long time,but the state-level bodies that govern the profession have been too conservative to implement them.One idea is to allow people to study law as an undergraduate degree.Another is to let students sit for the bar after only two years of law school.If the bar exam is truly a stern enough test for a would-be lawyer,those who can sit it earlier should be allowed to do so.Students who do not need the extra training could cut their debt mountain by a third.The other reason why costs are so high is the restrictive guild-like ownership structure of the business.Except in the District of Columbia,non-lawyers may not own any share of a law firm.This keeps fees high and innovation slow.There is pressure for change from within the profession,but opponents of change among the regulators insist that keeping outsiders out of a law firm isolates lawyers from the pressure to make money rather than serve clients ethically.In fact,allowing non-lawyers to own shares in law firms would reduce costs and improve services to customers,by encouraging law firms to use technology and to employ professional managers to focus on improving firms’efficiency.After all,other countries,such as Australia and Britain,have started liberalizing their legal professions.America should follow.a lot of students take up law as their profession due toA.the growing demand from clients.B.the increasing pressure of inflation.C.the prospect of working in big firms.D.the attraction of financial rewards.
Estimates（ ）anywhere from 600,000 to 3 million.Although the figure may vary,analysts do agree on another matter:that the number of the homeless is increasing,one of the federal government’s studies predicts that the number of the homeless will reach nearly 19 million by the end of this decade.A.coverB.changeC.rangeD.differ
All around the world,lawyers generate more hostility than the members of any other profession—with the possible exception of journalism.But there are few places where clients have more grounds for complaint than America.During the decade before the economic crisis,spending on legal services in America grew twice as fast as inflation.The best lawyers made skyscrapers-full of money,tempting ever more students to pile into law schools.But most law graduates never get a big-firm job.Many of them instead become the kind of nuisance-lawsuit filer that makes the tort system a costly nightmare.There are many reasons for this.One is the excessive costs of a legal education.There is just one path for a lawyer in most American states:a four-year undergraduate degree in some unrelated subject,then a three-year law degree at one of 200 law schools authorized by the American Bar Association and an expensive preparation for the bar exam.This leaves today’s average law-school graduate with$100,000 of debt on top of undergraduate debts.Law-school debt means that many cannot afford to go into government or non-profit work,and that they have to work fearsomely hard.Reforming the system would help both lawyers and their customers.Sensible ideas have been around for a long time,but the state-level bodies that govern the profession have been too conservative to implement them.One idea is to allow people to study law as an undergraduate degree.Another is to let students sit for the bar after only two years of law school.If the bar exam is truly a stern enough test for a would-be lawyer,those who can sit it earlier should be allowed to do so.Students who do not need the extra training could cut their debt mountain by a third.The other reason why costs are so high is the restrictive guild-like ownership structure of the business.Except in the District of Columbia,non-lawyers may not own any share of a law firm.This keeps fees high and innovation slow.There is pressure for change from within the profession,but opponents of change among the regulators insist that keeping outsiders out of a law firm isolates lawyers from the pressure to make money rather than serve clients ethically.In fact,allowing non-lawyers to own shares in law firms would reduce costs and improve services to customers,by encouraging law firms to use technology and to employ professional managers to focus on improving firms’efficiency.After all,other countries,such as Australia and Britain,have started liberalizing their legal professions.America should follow.Hindrance to the reform of the legal system originates fromA.lawyers’and clients’strong resistance.B.the rigid bodies governing the profession.C.the stem exam for would-be lawyers.D.non-professionals’sharp criticism.
Text 2 All around the world,lawyers generate more hostility than the members of any other profession—with the possible exception of journalism.But there are few places where clients have more grounds for complaint than America.During the decade before the economic crisis,spending on legal services in America grew twice as fast as inflation.The best lawyers made skyscrapers-full of money,tempting ever more students to pile into law schools.But most law graduates never get a big-firm job.Many of them instead become the kind of nuisance-lawsuit filer that makes the tort system a costly nightmare.There are many reasons for this.One is the excessive costs of a legal education.There is just one path for a lawyer in most American states:a four-year undergraduate degree in some unrelated subject,then a three-year law degree at one of 200 law schools authorized by the American Bar Association and an expensive preparation for the bar exam.This leaves today’s average law-school graduate with$100,000 of debt on top of undergraduate debts.Law-school debt means that many cannot afford to go into government or non-profit work,and that they have to work fearsomely hard.Reforming the system would help both lawyers and their customers.Sensible ideas have been around for a long time,but the state-level bodies that govern the profession have been too conservative to implement them.One idea is to allow people to study law as an undergraduate degree.Another is to let students sit for the bar after only two years of law school.If the bar exam is truly a stern enough test for a would-be lawyer,those who can sit it earlier should be allowed to do so.Students who do not need the extra training could cut their debt mountain by a third.The other reason why costs are so high is the restrictive guild-like ownership structure of the business.Except in the District of Columbia,non-lawyers may not own any share of a law firm.This keeps fees high and innovation slow.There is pressure for change from within the profession,but opponents of change among the regulators insist that keeping outsiders out of a law firm isolates lawyers from the pressure to make money rather than serve clients ethically.In fact,allowing non-lawyers to own shares in law firms would reduce costs and improve services to customers,by encouraging law firms to use technology and to employ professional managers to focus on improving firms’efficiency.After all,other countries,such as Australia and Britain,have started liberalizing their legal professions.America should follow.30.In this text,the author mainly discussesA.flawed ownership of America’s law firms and its causes.B.the factors that help make a successful lawyer in America.C.a problem in America’s legal profession and solutions to it.D.the role of undergraduate studies in America’s legal education.
Every year gray whales migrate from the Bering Sea in Alaska to the Baja Peninsula in Mexico.Eleven gray whales have died in the San Francisco Bay in the last three weeks．No one knows why the whales are dying.Last year 270 whales died along the whales'migration route．Many people think starvation is the cause．This year the dead whales seem to have more blubber(fat)on them.Twenty years ago,the gray whale was listed as an endangered species.Some scientists think that the larger number of whales makes it hard to find enough food．More whales create more pressure on the food supply,a supply that some scientists say may have dwindled as a result of the warm waters of El Nino.Most of the whales have been dead for many days before they are found and studied．This makes it hard to find the reason for death.65 whales have been seen in the San Francisco Bay Area this year compared to 17 last year．The whales could be dying from many diseases,but it may be over-population．One reason it is difficult to know why the whales are dying is that__.A.the whales travel such a long distanceB.there are more whales than there used to beC.the whale bodies are too old to study by the time they are foundD.the whales are endangered
Text 1 Last year nearly one miUion Americans filed for bankruptcy.That is far fewer than the number who used to seek bankruptcy protection before the law was made tougher a decade ago.This reform may have done more harm than good.The aim of bankniptcy law is to give people relief from unpay-able debts.Some two-thirds of individual bankruptcies are due to a lost job.Many bankrupts need time to get back on their feet.In the mid-2000s Chapter 7 rules made it easy to wash away debts.That initated credit-card finns,which claimed that spendthrifts abused the system;so in 2005 the law was toughened.The idea was to shift people to a Chapter 13 bankruptcy,where they would have to repay some of the debt.The reform had a big impact.At least at first,Chapter 13 filings rose relative to Chapter 7 ones.And a new paper,from Stefania Albanesi,of the New York Federal Reserve,and Jaromir Nosal,of Columbia University,finds that the reform led to a permanent drop in the bankruptcy rate.However,other recent research suggests that this is not necessarily a good thing.Will Dobbie,of Princeton University,and Jae Song,of the SociaJ Securiiy AdminisLration,look at Chapter 13 bankrupLcies before the reforms of 2005.They link half a million bankruptcy filings to tax records and use a novel technique to analyse them.Because some bankruptcy judges are more merciful than others,people in similar straits may end up wiLh different bankruptcy decisions.This quirk allows some useful comparisons.Messrs Dobbie and Song argue that easier bankruptcy laws have good microeconomic effects.lf a creditor may no longer claim large chunks of a bankrupt's salary,that may increase his incentive to work-and decrease his need to slip out of town,change his job and close down his bank account.On average,those granted bankrupLcy eamed over 6,000 more in the subsequent year than similarly-placed plaintiffs who were rejected.The unlucky ones found it trickier to service their mortgages.Michelle White of the University of California,San Diego and colleagues found that bankruptcy reform caused the default rate on prime mortgages to rise 23%.Making consumer-bankruptcy law more debtor-friendly could hit Americans in other ways.If lenders are exposed to bigger losses,some argue,interest rates for such things as creditcards are bound to rise.But that danger can be overstated.Credit-card comparues may be reluctant to charge rates higher than their competitors'lest they attract more customers-those not put off by high rates because they know that,with luck,they won't have to pay their debts back.According to Paragraph l,bankruptcy law is designed to_____A.protect American banksB.abolish individual debLsC.help unemployed peopleD.alleviate debtors'burden
Text 1 Last year nearly one miUion Americans filed for bankruptcy.That is far fewer than the number who used to seek bankruptcy protection before the law was made tougher a decade ago.This reform may have done more harm than good.The aim of bankniptcy law is to give people relief from unpay-able debts.Some two-thirds of individual bankruptcies are due to a lost job.Many bankrupts need time to get back on their feet.In the mid-2000s Chapter 7 rules made it easy to wash away debts.That initated credit-card finns,which claimed that spendthrifts abused the system;so in 2005 the law was toughened.The idea was to shift people to a Chapter 13 bankruptcy,where they would have to repay some of the debt.The reform had a big impact.At least at first,Chapter 13 filings rose relative to Chapter 7 ones.And a new paper,from Stefania Albanesi,of the New York Federal Reserve,and Jaromir Nosal,of Columbia University,finds that the reform led to a permanent drop in the bankruptcy rate.However,other recent research suggests that this is not necessarily a good thing.Will Dobbie,of Princeton University,and Jae Song,of the SociaJ Securiiy AdminisLration,look at Chapter 13 bankrupLcies before the reforms of 2005.They link half a million bankruptcy filings to tax records and use a novel technique to analyse them.Because some bankruptcy judges are more merciful than others,people in similar straits may end up wiLh different bankruptcy decisions.This quirk allows some useful comparisons.Messrs Dobbie and Song argue that easier bankruptcy laws have good microeconomic effects.lf a creditor may no longer claim large chunks of a bankrupt's salary,that may increase his incentive to work-and decrease his need to slip out of town,change his job and close down his bank account.On average,those granted bankrupLcy eamed over 6,000 more in the subsequent year than similarly-placed plaintiffs who were rejected.The unlucky ones found it trickier to service their mortgages.Michelle White of the University of California,San Diego and colleagues found that bankruptcy reform caused the default rate on prime mortgages to rise 23%.Making consumer-bankruptcy law more debtor-friendly could hit Americans in other ways.If lenders are exposed to bigger losses,some argue,interest rates for such things as creditcards are bound to rise.But that danger can be overstated.Credit-card comparues may be reluctant to charge rates higher than their competitors'lest they attract more customers-those not put off by high rates because they know that,with luck,they won't have to pay their debts back.The word"sLraits"（Line 5,Para.3）is closest in meaning to_____A.channelsB.plightsC.contextsD.phenomena
Text 1 The longest bull run in a century of artmarket history ended on a dramatic note with a sale of 56 works by Damien Hirst,Beautiful Inside My Head Forever,at Sotheby's in London on September 15th,2008.All but two pieces sold,fetching more than￡70m,a record for a sale by a single artist.It was a last victory.As the auctioneer called out bids,in New York one of the oldest banks on Wall Street,Lehman Brothers,filed for bankruptcy.The world art market had already been losing momentum for a while after rising bewilderingly since 2003.At its peak in 2007 it was worth some$65 billion,reckons Clare McAndrew,founder of Arts Economics,a research firm—double the figure five years earlier.Since then it may have come down to$50 billion.But the market generates interest far beyond its size because it brings together great wealth,enormous egos,greed,passion and controversy in a way matched by few other industries.In the weeks and months that followed Mr Hirst's sale,spending of any sort became deeply unfashionable.In the art world that meant collectors stayed away from galleries and salerooms.Sales of contemporary art fell by twothirds,and in the most overheated sector,they were down by nearly 90%in the year to November 2008.Within weeks the world's two biggest auction houses,Sotheby's and Christie's,had to pay out nearly$200m in guarantees to clients who had placed works for sale with them.The current downturn in the art market is the worst since the Japanese stopped buying Impressionists at the end of 1989.This time experts reckon that prices are about 40%down on their peak on average,though some have been far more fluctuant.But Edward Dolman,Christie's chief executive,says:“I'm pretty confident we're at the bottom.”What makes this slump different from the last,he says,is that there are still buyers in the market.Almost everyone who was interviewed for this special report said that the biggest problem at the moment is not a lack of demand but a lack of good work to sell.The three Ds—death,debt and divorce—still deliver works of art to the market.But anyone who does not have to sell is keeping away,waiting for confidence to return.In the first paragraph,Damien Hirst's sale was referred to as“a last victory”because_____A.the art market had witnessed a succession of victoriesB.the auctioneer finally got the two pieces at the highest bidsC.Beautiful Inside My Head Forever won over all masterpiecesD.it was successfully made just before the world financial crisis
Text 1 The longest bull run in a century of artmarket history ended on a dramatic note with a sale of 56 works by Damien Hirst,Beautiful Inside My Head Forever,at Sotheby's in London on September 15th,2008.All but two pieces sold,fetching more than￡70m,a record for a sale by a single artist.It was a last victory.As the auctioneer called out bids,in New York one of the oldest banks on Wall Street,Lehman Brothers,filed for bankruptcy.The world art market had already been losing momentum for a while after rising bewilderingly since 2003.At its peak in 2007 it was worth some$65 billion,reckons Clare McAndrew,founder of Arts Economics,a research firm—double the figure five years earlier.Since then it may have come down to$50 billion.But the market generates interest far beyond its size because it brings together great wealth,enormous egos,greed,passion and controversy in a way matched by few other industries.In the weeks and months that followed Mr Hirst's sale,spending of any sort became deeply unfashionable.In the art world that meant collectors stayed away from galleries and salerooms.Sales of contemporary art fell by twothirds,and in the most overheated sector,they were down by nearly 90%in the year to November 2008.Within weeks the world's two biggest auction houses,Sotheby's and Christie's,had to pay out nearly$200m in guarantees to clients who had placed works for sale with them.The current downturn in the art market is the worst since the Japanese stopped buying Impressionists at the end of 1989.This time experts reckon that prices are about 40%down on their peak on average,though some have been far more fluctuant.But Edward Dolman,Christie's chief executive,says:“I'm pretty confident we're at the bottom.”What makes this slump different from the last,he says,is that there are still buyers in the market.Almost everyone who was interviewed for this special report said that the biggest problem at the moment is not a lack of demand but a lack of good work to sell.The three Ds—death,debt and divorce—still deliver works of art to the market.But anyone who does not have to sell is keeping away,waiting for confidence to return.The three Ds mentioned in the last paragraph are____A.auction houses'favoritesB.contemporary trendsC.factors promoting artwork circulationD.styles representing Impressionists
Text 1 Last year nearly one miUion Americans filed for bankruptcy.That is far fewer than the number who used to seek bankruptcy protection before the law was made tougher a decade ago.This reform may have done more harm than good.The aim of bankniptcy law is to give people relief from unpay-able debts.Some two-thirds of individual bankruptcies are due to a lost job.Many bankrupts need time to get back on their feet.In the mid-2000s Chapter 7 rules made it easy to wash away debts.That initated credit-card finns,which claimed that spendthrifts abused the system;so in 2005 the law was toughened.The idea was to shift people to a Chapter 13 bankruptcy,where they would have to repay some of the debt.The reform had a big impact.At least at first,Chapter 13 filings rose relative to Chapter 7 ones.And a new paper,from Stefania Albanesi,of the New York Federal Reserve,and Jaromir Nosal,of Columbia University,finds that the reform led to a permanent drop in the bankruptcy rate.However,other recent research suggests that this is not necessarily a good thing.Will Dobbie,of Princeton University,and Jae Song,of the SociaJ Securiiy AdminisLration,look at Chapter 13 bankrupLcies before the reforms of 2005.They link half a million bankruptcy filings to tax records and use a novel technique to analyse them.Because some bankruptcy judges are more merciful than others,people in similar straits may end up wiLh different bankruptcy decisions.This quirk allows some useful comparisons.Messrs Dobbie and Song argue that easier bankruptcy laws have good microeconomic effects.lf a creditor may no longer claim large chunks of a bankrupt's salary,that may increase his incentive to work-and decrease his need to slip out of town,change his job and close down his bank account.On average,those granted bankrupLcy eamed over 6,000 more in the subsequent year than similarly-placed plaintiffs who were rejected.The unlucky ones found it trickier to service their mortgages.Michelle White of the University of California,San Diego and colleagues found that bankruptcy reform caused the default rate on prime mortgages to rise 23%.Making consumer-bankruptcy law more debtor-friendly could hit Americans in other ways.If lenders are exposed to bigger losses,some argue,interest rates for such things as creditcards are bound to rise.But that danger can be overstated.Credit-card comparues may be reluctant to charge rates higher than their competitors'lest they attract more customers-those not put off by high rates because they know that,with luck,they won't have to pay their debts back.Credit-card firms were angry because_____A.legislators abused their authorityB.debtors controlled the law systemC.laws made it easy to pay off debtsD.some regulations did harm to them
Text 1 Last year nearly one miUion Americans filed for bankruptcy.That is far fewer than the number who used to seek bankruptcy protection before the law was made tougher a decade ago.This reform may have done more harm than good.The aim of bankniptcy law is to give people relief from unpay-able debts.Some two-thirds of individual bankruptcies are due to a lost job.Many bankrupts need time to get back on their feet.In the mid-2000s Chapter 7 rules made it easy to wash away debts.That initated credit-card finns,which claimed that spendthrifts abused the system;so in 2005 the law was toughened.The idea was to shift people to a Chapter 13 bankruptcy,where they would have to repay some of the debt.The reform had a big impact.At least at first,Chapter 13 filings rose relative to Chapter 7 ones.And a new paper,from Stefania Albanesi,of the New York Federal Reserve,and Jaromir Nosal,of Columbia University,finds that the reform led to a permanent drop in the bankruptcy rate.However,other recent research suggests that this is not necessarily a good thing.Will Dobbie,of Princeton University,and Jae Song,of the SociaJ Securiiy AdminisLration,look at Chapter 13 bankrupLcies before the reforms of 2005.They link half a million bankruptcy filings to tax records and use a novel technique to analyse them.Because some bankruptcy judges are more merciful than others,people in similar straits may end up wiLh different bankruptcy decisions.This quirk allows some useful comparisons.Messrs Dobbie and Song argue that easier bankruptcy laws have good microeconomic effects.lf a creditor may no longer claim large chunks of a bankrupt's salary,that may increase his incentive to work-and decrease his need to slip out of town,change his job and close down his bank account.On average,those granted bankrupLcy eamed over 6,000 more in the subsequent year than similarly-placed plaintiffs who were rejected.The unlucky ones found it trickier to service their mortgages.Michelle White of the University of California,San Diego and colleagues found that bankruptcy reform caused the default rate on prime mortgages to rise 23%.Making consumer-bankruptcy law more debtor-friendly could hit Americans in other ways.If lenders are exposed to bigger losses,some argue,interest rates for such things as creditcards are bound to rise.But that danger can be overstated.Credit-card comparues may be reluctant to charge rates higher than their competitors'lest they attract more customers-those not put off by high rates because they know that,with luck,they won't have to pay their debts back.Creditors are unlikely to raise their rates because_____A.they are restricted by the lawB.consumers can't afford the debtsC.they are stuck in fierce competitionD.customers will not pay their debts back
Text 1 The longest bull run in a century of artmarket history ended on a dramatic note with a sale of 56 works by Damien Hirst,Beautiful Inside My Head Forever,at Sotheby's in London on September 15th,2008.All but two pieces sold,fetching more than￡70m,a record for a sale by a single artist.It was a last victory.As the auctioneer called out bids,in New York one of the oldest banks on Wall Street,Lehman Brothers,filed for bankruptcy.The world art market had already been losing momentum for a while after rising bewilderingly since 2003.At its peak in 2007 it was worth some$65 billion,reckons Clare McAndrew,founder of Arts Economics,a research firm—double the figure five years earlier.Since then it may have come down to$50 billion.But the market generates interest far beyond its size because it brings together great wealth,enormous egos,greed,passion and controversy in a way matched by few other industries.In the weeks and months that followed Mr Hirst's sale,spending of any sort became deeply unfashionable.In the art world that meant collectors stayed away from galleries and salerooms.Sales of contemporary art fell by twothirds,and in the most overheated sector,they were down by nearly 90%in the year to November 2008.Within weeks the world's two biggest auction houses,Sotheby's and Christie's,had to pay out nearly$200m in guarantees to clients who had placed works for sale with them.The current downturn in the art market is the worst since the Japanese stopped buying Impressionists at the end of 1989.This time experts reckon that prices are about 40%down on their peak on average,though some have been far more fluctuant.But Edward Dolman,Christie's chief executive,says:“I'm pretty confident we're at the bottom.”What makes this slump different from the last,he says,is that there are still buyers in the market.Almost everyone who was interviewed for this special report said that the biggest problem at the moment is not a lack of demand but a lack of good work to sell.The three Ds—death,debt and divorce—still deliver works of art to the market.But anyone who does not have to sell is keeping away,waiting for confidence to return.The most appropriate title for this text could be____A.Fluctuation of Art PricesB.Uptodate Art AuctionsC.Art Market in DeclineD.Shifted Interest in Arts
Generations of Americans have been brought up to believe that a good breakfast is one life’s essentials.Eating breakfast at the start of the day,we have all been told,and told again,is as necessary as putting gasoline in the family car before starting a trip.But for many people the thought of food first thing in the morning is by no means a pleasure.So despite all the efforts,they still take no breakfast.Between 1977 and 1983,the latest year for which figures are available,the number of people who didn’t have breakfast,increased by 33 percent.For those who feel pain of guilt about not eating breakfast,however,there is some good news.Several studies in the last few years indicate that,for adults especially,there may be nothing wrong with omitting breakfast.“Going without breakfast does not affect performance,”said Arrold E.Bender,former professor of the nutrition at Queen Elizabeth College in London,“nor does giving people breakfast improve performance.”Scientific evidence linking breakfast to better health or better performance is surprisingly inadequate,and most of the recent work involves children,not adults,“The literature”,says one researcher,Dr.Erresto at the University of Texas,“is poor”.The latest year for which figures could be obtained is_______.A.the year the author wrote the articleB.1977C.any year between 1997 and 1983D.1983
In the development of a government agency，( ) A.the standard on which the judgment may be made is more important than the actual application of this judgment B.the function of law is important C.the study of ordinance is the most important D.practice is more important than criterion
This year's sales in many companies were lower than （）.A、lat year'sB、which of last year'sC、last yearD、in last year
which one of the following should maria do to display the release date in a text column?（）A、used the number and time format options B、used the @date to text functions to convert time to text C、concatenated the date types using mathematical operators D、used the @text functions to convert time and number data to text in text columns
单选题_____ our great surprise, our company has made much more profit than we expected last year.AForBInCWithDTo
单选题The passage warns of which of the following dangers?ACompanies in the United States may receive no protection from imports unless they actively seek protection from import competition.BCompanies that seek legal protection from import competition may incur legal costs that far exceed any possible gain.CCompanies that are United States owned but operate internationally may not be eligible for protection from import competition under the laws of the countries in which their plants operate.DCompanies that are not United States owned may seek legal protection from import competition under United States import relief laws.
单选题From this text we learn that it is ______.Aharder to make a choice between public and private schoolsBharder to go to private schools this year than beforeCmore difficult to go to public schools than to private schoolsDas difficult to go to private schools this year as before
问答题Practice 1 Some people call him “Guidone”—big Guido. Large in both physical stature and reputation, Guido Rossi, who took over as Telecom Italia's chairman on September 15th following the surprise resignation of Marco Tronchetti Provera, has stood out from the Italian business crowd for more than three decades. Mr. Rossi, who attended Harvard law school in the 1950s and wrote a book on American bankruptcy law, made his name as a corporate lawyer keen on market rules and their enforcement. He has since worked in both private and public sectors, including stints in the Italian Senate and as one of the European Commission's group of company-law experts. As well as running a busy legal practice, he also has a reputation as a corporate troubleshooter and all-round Mr Fix-It, and is often called upon to clean up organisations in crisis. His role at Telecom Italia marks a return to the company he headed for ten months in 1997, during its politically tricky and legally complex privatisation. Before that, Mr Rossi had been sent in to sort out Ferruzzi-Montedison, an agri-business and chemicals group, which had collapsed after magistrates uncovered tangentopoli (“bribesville”).
问答题Americans are geographically mobile, and many learn to developfriendships easily and quickly. Approximately one of every five 1．______Americans families moves every year. People relocated because theychange jobs, to attend distant colleges, get married, have children, 2．______and simply want a change in their lives. Perhaps 3．______as consequence, people sometimes form and end friendships quickly. 4．______Students who attend two or three universities for their undergraduate and 5．______graduate years may change their “circle of friends” several times. Likewise, 6．______people who change their jobs, while keep one or two friends from 7．______the original place of employment, may also change their circle of friends.Relationships based on a common activity may fade or endwhen the activity end. Mothers may meet while dropping their children 8．______off at nursery school and remain friends as their kids go to different 9．______schools. The same hold true for neighbors who are closest of 10．______friends until one moves away.
单选题Which one of the following most seriously undermines the conclusion of this argument?AThe increasing amount of recycled material made available each year is equal to one-tenth of the increasing amount of natural material consumed annually.BRecent studies have shown that the number of endangered animals throughout the world fluctuates sharply and is chiefly determined by changes in meteorological conditions.CThe logging industry contributes huge sums of money to political campaigns instates where it has a financial interest.DThe techniques that make recycling possible are constantly improved so that more is reclaimed for lower costs each year.EPolitical contributions by the recycling industry are now greater than those of either the logging or animal protection interests.
单选题Which of the following statements is closest in meaning to what was said?AThe number of Americans who die from AIDS each year has dropped dramatically.B40, 000 Americans are diagnosed as HIV carriers each year.CNearly a third of the 850,000 to 950,000 U.S residents living with HIV/AIDS are aware they carry the virus.DFrom 1981 to 2001, nearly one-third of all HIV infections are drug users and their sex partners.
问答题Americans are geographically mobile, and many learn to developfriendships easily and quickly. Approximately one of every five (1)____Americans families moves every year. People relocated because theychange jobs, to attend distant colleges, get married, have children, (2)____and simply want a change in their lives. Perhaps (3)____as consequence, people sometimes form and end friendships quickly. (4)____Students who attend two or three universities for their undergraduate and (5)____graduate years may change their “circle of friends” several times. Likely, (6)____people who change their jobs, while keep one or two friends from (7)____the original place of employment, may also change their circle of friends. Relationships based on a common activity may fade or endwhen the activity end. Mothers may meet while dropping their children (8)____off at nursery school and remain friends as their kids go to different (9)____schools. The same holds true for neighbors who are closest of (10)____friends until one moves away.