What the German Marshall Fund found last year implies that ______.A．most Americans tend to free tradeB．free trade could slow down economic growthC．foreign competition could harm domestic economy beyond doubtD．most Americans don't want an economic growth at the cost of domestic companies

考题 In the 1929 economic ________, many Americans lost their jobs. A. crisisB. criticC. criticalD. criminal

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考题 Part Ⅱ Reading Comprehension (Skimming and Scanning)Directions: In this part, you will have 15 minutes to go over the passage quickly and answer the questions on Answer Sheet I. For questions 1-7, choose the best answer from the four choices marked A), B), C) and D). For questions 8-10, complete the sentences with the information given in the passage.Rich Man, Poor ManGluers and sawyers from the furniture factories in Galax near the mountains of Virginia lost their jobs last year when American retailers decided they could find a better supplier in China. At the other end of the furniture industry Robert Nardelli lost his job this month when Home Depot decided it could find a better chief executive in his deputy. But any likeness ends there. Mr. Nardelli's exit was as extravagantly rewarded as his occupation of the corner office had been. Next to his $ 210 million severance pay, the redundant woodworkers packages were mean to the point of provocation (激怒).That's the way it goes all over the rich world. If you look back 20 years, the total pay of the typical top American manager has increased from roughly 40 times the average--the level for four decades -- to 110 times the average now. These are the glory days of global capitalism. The mix of technology and economic integration transforming the world has created unparalleled prosperity. In the past five years the world has seen faster growth than at any time since the early 1970s. Having joined the global labor force, hundreds of millions of people in developing countries have won the chance to escape squalor (肮脏) and poverty. Hundreds of millions more stand to join them.That promises to improve the lot of humanity as a whole incalculably. But in the rich world labor's share of GDP has fallen to historic lows, while profits are soaring. A clamor is abroad that Mr. Nardelli and his friends among the top hundredth -- or even the top thousandth -- of the population are seizing the lion's share of globalization's gains. Meanwhile everyone else -- not just blue-collar factory workers but also the wider office -- working middle class -- shuffles along, grimly waiting for the next round of cost-cuts.Fear and clothingSigns of a backlash abound. Stephen Roach, the chief economist at Morgan Stanley, has counted 27 pieces of anti-China legislation in Congress since early 2005. The German Marshall Fund found last year that, although most people still say they favor free trade, more than half of Americans want to protect domestic companies from foreign competition even if that slows economic growth. In a hint of labor's possible resurgence, the House of Representatives has just voted to raise the federal minimum wage for the first time in a decade. Even Japan is alarmed about inequality, stagnant (不景气的) wages and jobs going to China. Europe has tied itself in knots trying to "manage" trade in Chinese textiles.Should you blame your computer?The panic comes in part from a rush to lump all the blame on globalization. Technology -- an even less resistible force -- is also destroying white- and blue-collar tasks in a puff of automation and may play a bigger role in explaining rising wage inequality. The distinctions between technology and globalization count, if only because people tend to welcome computers but condemn foreigners (whether as competitors or immigrants). That makes technology easier to defend.For economists, the debate about whether technology or globalization is responsible for capital's rewards outpacing those of labor is crucial, complicated and unresolved. One school, which blames globalization, argues that the rocketing profits and sluggish middling wages of the past few years are the long-lasting results of trade, as all those new develoA．seemed to be redundantB．irritated themC．satisfied themD．was close to Mr. Nardelli's

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考题 Information is material if its omission or misstatement could influence the economic decisions of users.()

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考题 All of these applications will enhance the(130)of life and spur economic growth. Over half of the U.S. work force is now in jobs that are information(131). The telecommunication and information sector of the U.S. economy now(132)for 12 percent of the Gross Domestic Product, growing much faster than any other sector of the economy. Last year the(133)in this sector exceeded 700 billion dollars. The U.S. exported over 48 billion dollars of telecommunication equipment(134).A．quantityB．qualityC．massD．amount

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考题 Strengthening economic growth, at the same time as winter grips the northern hemisphere, could push the price higher still in the short term.

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考题 Which of the following is Not true of working class Americans?A They work long hours. B They live from paycheck to paycheck. C They don't want to be healthy eaters. D They want to save money for their children

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考题 What does the survey indicate?A Many poor Americans want large portions. B Twenty percent Americans want smaller portions. C Fifty seven percent Americans earn $150 ，000 per year. D Twenty three percent Americans earn less than $25，000 per year.

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考题 Robert F.Kennedy once said that a country’s GDP measures“everything except that which makes life worthwhile.”With Britain voting to leave the European Union,and GDP already predicted to slow as a result,it is now a timely moment to assess what he was referring to.The question of GDP and its usefulness has annoyed policymakers for over half a century.Many argue that it is a flawed concept.It measures things that do not matter and miss things that do.By most recent measures,the UK’s GDP has been the envy of the Western World,with record low unemployment and high growth figures.If everything was going so so well,then why did over 17million people vote for Brexit,despite the warnings about what it could do to their country’s economic prospects? A recent annual study of countries and their ability to convert growth into well-being sheds some light on that question.Across the 163 countries measured,the UK is one of the poorest performers in ensuring that economic growth is translated into meaningful improvement for its citizens.Rather than just focusing on GDR over 40 different sets of criteria from health,education and civil society engagement have been measured to get a more rounded assessment of how countries are performing. While all of these countries face their own challenges,there are a number of consistent themes.Yes,there has been a budding economic recovery since the 2008 global crash,but in key indicators in areas such as health and education,major economies have continued to decline.Yet this isn't the case with all countries.Some relatively poor European countries have seen huge improvements across measures including civil society;income equality and the environment.This is a lesson that rich countries can learn:When GDP is no longer regarded as the sole measure of a country’s success,the world looks very different. So what Kennedy was referring to was that while GDP has been the most common method for measuring the economic activity of nations,as a measure,it is no longer enough.It does not include important factors such as environmental equality or education outcomes-all things that contribute to a person's sense of well-being. The sharp hit to growth predicted around the world and in the UK could lead to a decline in the everyday services we depend on for our well-being and for growth.But policymaker who refocus efforts on improving well-being rather than simply worrying about GDP figures could avoid the forecasted doom and may even see progress. In the last two paragraphs,the author suggests that____A.the UK is preparing for an economic boom. B.high GDP foreshadows an economic decline. C.it is essential to consider factors beyond GDP. D.it requires caution to handle economic issues.

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考题 The economy of the United states after 1952 was the econnomy of a well-fed,almost fully employed people. Despit occasional alarms, the country escaped any postwar depression and lived in a state of boom. A n economic survey of the year 1955, a typical year of the 1950’s, may be typical as illustrating the rapid economic growth of the decade. The national output was value at 10 percent above that of 1954 (1955 output was estimated at 392 billion dollars). The production of manufacturers was about 40 percent more than it had averaged in the years immediately following World War 2. The country’s business spent about 30billion dollars for new factories and machinery. National income available for spending was almost a third greater than it had been it had been in 1950. Consumers spent about 256 billion dollars; that is about 700 million dollars a day ,or about twenty-five million dollars every hour , all round the clock. Sixty-five million people held jobs and only a little more than two million wanted jobs but could not find them . Only agriculture complained that it was not sharing in the room. To some observers this was an ominous echo of the mid-1920’s . As farmer’s shre of their products declined , marketing costs rose. But there were , among the observers of the national economy, a few who were not as confident as the majority . Those few seemed to fear that the boom could not last and would eventually lead to the oppsite-depression. In Line 3, the word “boom” could best be replaced by__ ___.a. nearby explosion b. thunderous noise c. general public support d. rapid economic growth

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考题 Questions 76-80 refer to the following information. Disagreements among economists are legendary, but not on the issue of free trade. A recent survey of prominent economists both conservative and liberal concluded that an economist who argues for restricting international trade is almost as common today as a physician who favors leeching. Why the International free trade, economists agree,, makes possible higher standards of living all over the globe. The case for free trade rests largely on this principle: as long as trade is voluntary, both partners’ benefits, otherwise they wouldn't trade. The buyer of a shirt, for example, values the shirt more than the money spend, while the seller values the money more. Both are better off because of the sale. Moreover, it doesn’t matter whether the shirt salesman is from the United States or Hong Kong （or anywhere else）. The vast majority of American manufactures face international competition. This competition forces companies to improve quality and cut costs. By contrast, protectionism encourages monopoly, lower quality and higher prices. Americans pay an enormous price for protection over $60 billion a year, or $1000 for a family of four. Thanks to protectionism, for example, American consumers pay twice the world price for sugar. Free trade also makes the world economy more efficient, by allowing nations to capitalize on their strengths. The United States has an advantage in food production, for instance, while Saudi Arabia has an advantage in oil. The Saudis could undertake massive irrigation to become self-sufficient in food, but it is more economical for them to sell oil and purchase food from us. Similarly, we could become self-sufficient in petroleum by squeezing more out of oil shale. But it is much less costly to buy some of our oil from Saudi Arabia. Tarde between our two countries improves the standard of living in both. Protectionism is both wasteful and unjust. It taxes most heavily the people who can least afford it. Thus, tariffs that rise the price of shoes burden the poor more than the rich. Despite the powerful case for free trade, the United States and the rest of the world have always been protectionist to some degree. This is because free trade benefits the general public, while protectionism benefits special interest group, which are better organized, better financed and more informed. To make matters worse, much of what we hear on this issue is misinformation spread by the special interests themselves. The economists ______. A. agree on the restriction of internal trade. B. agree whether to restrict free trade or not. C. hold different arguments because of their different interests. D. agree on free trade.

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考题 Questions 76-80 refer to the following information. Disagreements among economists are legendary, but not on the issue of free trade. A recent survey of prominent economists both conservative and liberal concluded that an economist who argues for restricting international trade is almost as common today as a physician who favors leeching. Why the International free trade, economists agree,, makes possible higher standards of living all over the globe. The case for free trade rests largely on this principle: as long as trade is voluntary, both partners’ benefits, otherwise they wouldn't trade. The buyer of a shirt, for example, values the shirt more than the money spend, while the seller values the money more. Both are better off because of the sale. Moreover, it doesn’t matter whether the shirt salesman is from the United States or Hong Kong （or anywhere else）. The vast majority of American manufactures face international competition. This competition forces companies to improve quality and cut costs. By contrast, protectionism encourages monopoly, lower quality and higher prices. Americans pay an enormous price for protection over $60 billion a year, or $1000 for a family of four. Thanks to protectionism, for example, American consumers pay twice the world price for sugar. Free trade also makes the world economy more efficient, by allowing nations to capitalize on their strengths. The United States has an advantage in food production, for instance, while Saudi Arabia has an advantage in oil. The Saudis could undertake massive irrigation to become self-sufficient in food, but it is more economical for them to sell oil and purchase food from us. Similarly, we could become self-sufficient in petroleum by squeezing more out of oil shale. But it is much less costly to buy some of our oil from Saudi Arabia. Tarde between our two countries improves the standard of living in both. Protectionism is both wasteful and unjust. It taxes most heavily the people who can least afford it. Thus, tariffs that rise the price of shoes burden the poor more than the rich. Despite the powerful case for free trade, the United States and the rest of the world have always been protectionist to some degree. This is because free trade benefits the general public, while protectionism benefits special interest group, which are better organized, better financed and more informed. To make matters worse, much of what we hear on this issue is misinformation spread by the special interests themselves. According to the passage, which of the following is NOT true? A. International free trade may improve the standard of living all over the world. B. Economists are all in favor of the free trade policy. C. International free trade may create international competition. D. Protectionism has been abolished due to encouraging monopoly, lower quality and higher prices.

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考题 Questions 76-80 refer to the following information. Disagreements among economists are legendary, but not on the issue of free trade. A recent survey of prominent economists both conservative and liberal concluded that an economist who argues for restricting international trade is almost as common today as a physician who favors leeching. Why the International free trade, economists agree,, makes possible higher standards of living all over the globe. The case for free trade rests largely on this principle: as long as trade is voluntary, both partners’ benefits, otherwise they wouldn't trade. The buyer of a shirt, for example, values the shirt more than the money spend, while the seller values the money more. Both are better off because of the sale. Moreover, it doesn’t matter whether the shirt salesman is from the United States or Hong Kong （or anywhere else）. The vast majority of American manufactures face international competition. This competition forces companies to improve quality and cut costs. By contrast, protectionism encourages monopoly, lower quality and higher prices. Americans pay an enormous price for protection over $60 billion a year, or $1000 for a family of four. Thanks to protectionism, for example, American consumers pay twice the world price for sugar. Free trade also makes the world economy more efficient, by allowing nations to capitalize on their strengths. The United States has an advantage in food production, for instance, while Saudi Arabia has an advantage in oil. The Saudis could undertake massive irrigation to become self-sufficient in food, but it is more economical for them to sell oil and purchase food from us. Similarly, we could become self-sufficient in petroleum by squeezing more out of oil shale. But it is much less costly to buy some of our oil from Saudi Arabia. Tarde between our two countries improves the standard of living in both. Protectionism is both wasteful and unjust. It taxes most heavily the people who can least afford it. Thus, tariffs that rise the price of shoes burden the poor more than the rich. Despite the powerful case for free trade, the United States and the rest of the world have always been protectionist to some degree. This is because free trade benefits the general public, while protectionism benefits special interest group, which are better organized, better financed and more informed. To make matters worse, much of what we hear on this issue is misinformation spread by the special interests themselves. What is the author’s attitude toward protectionism denoted from the fifth paragraph? A. Ironic B. Sincere C. Grateful D. Appreciative

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考题资料：Economic performance is improving in most of the world's leading economies but is still short of a self-sustaining upswing, the Organization for Economic Cooperation and Development said on Wednesday. In an update to its economic forecasts, the Paris-based international organisation representing advanced economies said that more private sector investment was needed for the expansion to endure, for wages to rise sustainability and for inequalities to be tackled. Although all leading economies are now recording positive growth, Catherine Mann, the OECD's chief economist, urged governments to “curb your enthusiasm [ because] strong and sustained medium-term global growth is not yet secured”. The OECD's economic outlook shows upgrades to the 2017 growth forecasts in China, Russia and Europe excluding the UK with the world outlook also appearing stronger in 2018. World growth should rise from a low of 3.1 per cent in 2016, to 3.5 per cent this year and 3.7 per cent in 2018, the OECD forecast, with the US, the Eurozone, Brazil and Russia contributing most to the improved global outlook. China's predicted growth rate of 6.8 per cent in 2017 and 6.6 per cent in 2018 has been revised higher by 0.2 percentage points in both years and although India's growth rate has been revised down, reflecting adjustment to its new goods and services tax, it is likely to remain the fastest growing large economy in the world. Only the UK, which remains embroiled in Brexit negotiations, has a deteriorating outlook. Responding to the OECD's forecast that the British economy will be the slowest growing in the Group of Seven in 2018 having been near the top of the league table in 2016, the British Treasury said it was not complacent. What does the underlined word “complacent” mean in the last paragraph?A.Accustomed B.Complied C.Conceited D.True

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考题资料：Large industrialized are now in a recession. What are the prospects for economic recovery? The three most important industrial economies in the world are, at the moment, facing enormous problems. Germany is struggling with the cost of reunification and is in recession. Japan is also experiencing recession and the United States has a large budget deficit. Forecasters and analysts face questions about the prospects of an economic recovery. Here are some of their findings: The election of a new president of the United States gave hope to the rest of the world. If the US recovered, the rest of the world would face a more promising future. However, analysts now accept that the US will only recover very slowly. Consumer and investor confidence is still lacking. Large deficits and declining short-term interest rates mean there is little scope for economic stimulus. The Japanese economy, after years of trade and budget surpluses, is in deep recession and the growth rate has slowed down considerably. German economists have lowered their forecasts for economic growth this year. The lowering of German interest rates may bring some relief to other members of the European Exchange Rate Mechanism （ERM）. However, Germany's importance as Europe's largest export market may decline. However, in some parts of the world, there are more positive signs, particularly in some Latin American countries in South-East Asia. Analysts says that, as long as the rate of interest stays above the rate of growth at national income, then the ratio of debt to income will get worse. Falling interest rates help towards overcoming this problem. They believe it may take several years before there is real recovery. However, advances in technology are offering hope for the world economy. The tone of the passage suggest that the author is ______about the world economy.A.doubtful B.indifferent C.positive D.pessimistic

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考题资料：Large industrialized are now in a recession. What are the prospects for economic recovery? The three most important industrial economies in the world are, at the moment, facing enormous problems. Germany is struggling with the cost of reunification and is in recession. Japan is also experiencing recession and the United States has a large budget deficit. Forecasters and analysts face questions about the prospects of an economic recovery. Here are some of their findings: The election of a new president of the United States gave hope to the rest of the world. If the US recovered, the rest of the world would face a more promising future. However, analysts now accept that the US will only recover very slowly. Consumer and investor confidence is still lacking. Large deficits and declining short-term interest rates mean there is little scope for economic stimulus. The Japanese economy, after years of trade and budget surpluses, is in deep recession and the growth rate has slowed down considerably. German economists have lowered their forecasts for economic growth this year. The lowering of German interest rates may bring some relief to other members of the European Exchange Rate Mechanism （ERM）. However, Germany's importance as Europe's largest export market may decline. However, in some parts of the world, there are more positive signs, particularly in some Latin American countries in South-East Asia. Analysts says that, as long as the rate of interest stays above the rate of growth at national income, then the ratio of debt to income will get worse. Falling interest rates help towards overcoming this problem. They believe it may take several years before there is real recovery. However, advances in technology are offering hope for the world economy. The important industrial economies mentioned in the passage are _____.A.Latin American countries and in South-East Asia B.German, Japan and China C.German, Japan and United States D.Not mentioned

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考题资料：Large industrialized are now in a recession. What are the prospects for economic recovery? The three most important industrial economies in the world are, at the moment, facing enormous problems. Germany is struggling with the cost of reunification and is in recession. Japan is also experiencing recession and the United States has a large budget deficit. Forecasters and analysts face questions about the prospects of an economic recovery. Here are some of their findings: The election of a new president of the United States gave hope to the rest of the world. If the US recovered, the rest of the world would face a more promising future. However, analysts now accept that the US will only recover very slowly. Consumer and investor confidence is still lacking. Large deficits and declining short-term interest rates mean there is little scope for economic stimulus. The Japanese economy, after years of trade and budget surpluses, is in deep recession and the growth rate has slowed down considerably. German economists have lowered their forecasts for economic growth this year. The lowering of German interest rates may bring some relief to other members of the European Exchange Rate Mechanism （ERM）. However, Germany's importance as Europe's largest export market may decline. However, in some parts of the world, there are more positive signs, particularly in some Latin American countries in South-East Asia. Analysts says that, as long as the rate of interest stays above the rate of growth at national income, then the ratio of debt to income will get worse. Falling interest rates help towards overcoming this problem. They believe it may take several years before there is real recovery. However, advances in technology are offering hope for the world economy. According to the passage, which one is NOT true? A.Consumer and investor still hold confidence in the US economy. B.There is little scope for provoking the economy. C.US is predicted to be recovering very slowly. D.The US recovery would give the rest of the world a more promising future.

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考题资料：Large industrialized are now in a recession. What are the prospects for economic recovery? The three most important industrial economies in the world are, at the moment, facing enormous problems. Germany is struggling with the cost of reunification and is in recession. Japan is also experiencing recession and the United States has a large budget deficit. Forecasters and analysts face questions about the prospects of an economic recovery. Here are some of their findings: The election of a new president of the United States gave hope to the rest of the world. If the US recovered, the rest of the world would face a more promising future. However, analysts now accept that the US will only recover very slowly. Consumer and investor confidence is still lacking. Large deficits and declining short-term interest rates mean there is little scope for economic stimulus. The Japanese economy, after years of trade and budget surpluses, is in deep recession and the growth rate has slowed down considerably. German economists have lowered their forecasts for economic growth this year. The lowering of German interest rates may bring some relief to other members of the European Exchange Rate Mechanism （ERM）. However, Germany's importance as Europe's largest export market may decline. However, in some parts of the world, there are more positive signs, particularly in some Latin American countries in South-East Asia. Analysts says that, as long as the rate of interest stays above the rate of growth at national income, then the ratio of debt to income will get worse. Falling interest rates help towards overcoming this problem. They believe it may take several years before there is real recovery. However, advances in technology are offering hope for the world economy. It could be implied that rising of the interest rate ______.A.can help towards overcoming this problem about the ratio of debt to income B.may lead Germany's importance as Europe’s largest export market to decline C.may bring some relief to other members of the European Exchange Rate Mechanism D.None of above

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考题资料：Large industrialized are now in a recession. What are the prospects for economic recovery? The three most important industrial economies in the world are, at the moment, facing enormous problems. Germany is struggling with the cost of reunification and is in recession. Japan is also experiencing recession and the United States has a large budget deficit. Forecasters and analysts face questions about the prospects of an economic recovery. Here are some of their findings: The election of a new president of the United States gave hope to the rest of the world. If the US recovered, the rest of the world would face a more promising future. However, analysts now accept that the US will only recover very slowly. Consumer and investor confidence is still lacking. Large deficits and declining short-term interest rates mean there is little scope for economic stimulus. The Japanese economy, after years of trade and budget surpluses, is in deep recession and the growth rate has slowed down considerably. German economists have lowered their forecasts for economic growth this year. The lowering of German interest rates may bring some relief to other members of the European Exchange Rate Mechanism （ERM）. However, Germany's importance as Europe's largest export market may decline. However, in some parts of the world, there are more positive signs, particularly in some Latin American countries in South-East Asia. Analysts says that, as long as the rate of interest stays above the rate of growth at national income, then the ratio of debt to income will get worse. Falling interest rates help towards overcoming this problem. They believe it may take several years before there is real recovery. However, advances in technology are offering hope for the world economy. Find words or expressions in the above article which have the meaning of “The amount by which something is less than what is needed”? A.deficit B.surpluses C.decline D.recession

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考题共用题干第二篇Call American Their NamesA great difference between American social customs and those of other countries is the way in which names are used.Americans have little concern for"rank",especially socially. Most Americans do not want to be treated in any especially respectful way because of their age or social rank;it makes them feel uncomfortable.Many Americans even find the terms"Mr.","Mrs."or"Miss" too formal.People of all ages may prefer to be called by their first names."Don't call me Mrs. Smith.Just call me Sally."Using only first names usually indicates friendliness and acceptance. However,if you do not feel comfortable using only first names,it is quite acceptable to be more formal.Just smile and say that after a while you will use first names but you are accustomed to being more when you first meet someone.Very often,introductions are made using both first and last names:"Mary Smith,this is John Jones."In this situation you are free to decide whether to call the lady"Mary"or"Miss Smith". Sometimes both of you will begin a conversation using last names,and after a while one or both of you may begin using first names instead.You have a choice:if you don't want to use first names so quickly, no one will think it impolite if you continue according to your own custom.In the first paragraph the author tells us that______.A:Americans do not talk about rank,especially sociallyB:Americans feel uncomfortable when talking about rankC:Americans take interests in social customsD:Americans don't care much about social rank

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考题 Could you show me your passport?（）AYes, I could.BSure.CI haven't got it with me.DI don't want to.

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考题 Could you show me your passport?（）A、Yes, I could.B、Sure.C、I haven't got it with me.D、I don't want to.

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考题问答题◆Topic 4: A Year of Economic Recovery　　Questions for Reference:　　1. Many economists say that the year 2009 was a year of economic recovery for China. What was the goal of the annual GDP growth rate set by the Chinese Government?　　2. This recovery was due to the forcefulness of the Chinese government’s policies. The best-known and most effective measure is the 4-trillion-yuan stimulus plan. The major investment was put in infrastructure construction. Could you explain what infrastructure means? Name and describe one or two instances of infrastructure construction in 2009.　　3. The economic recovery in 2009 has also improved the life of ordinary Chinese people. Say something about how you and your family, or your relatives or friends, have benefited from this economic recovery?

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考题问答题Although the American economy has transformed itself over the years, certain issues have persisted since the early days of the republic. One is the continuing debate over the proper role for government in what is basically a marketplace economy. An economy based on free enterprise is generally characterized by private ownership and initiative, with a relative absence of government involvement. However, government intervention has been found necessary from time to time to ensure that economic opportunities are fair and accessible to the people, to prevent flagrant abuses, to dampen inflation and to stimulate growth.Ever since colonial times, the government has been involved, to some extent, in economic decision-making. The federal government, for example, has made huge investments in infrastructure, and it has provided social welfare programs that the private sector was unable or unwilling to provide. In a myriad of ways and over many decades, the government has supported and promoted the development of agriculture.

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考题问答题Practice 3　　What today’s global market economy teaches many of us who are involved in political life, is that even when they are inconvenient, the laws of economics, like the laws of physics, cannot be repealed for the convenience of governments. The economic principles for national success are as difficult to implement as they are easy to state. There is a paradox in all our countries at this moment. Just as a new global economy creates more to look forward to than ever before, it also brings more uncertainty and more change to worry about than ever before. That is why the challenge of crafting economic policy in your country as in mine is one of balance. A balance between moving toward necessary objectives and maintaining stability. A balance between responding to global realities and upholding domestic traditions. And a balance between the virtues of competition as the best known motivator and driver of success, and the importance of cohesion and cooperation as sources of strength for our societies. These balances will have to be struck and calibrated every year in every country in this new global economy. These measures are what one might call the intangible infrastructure of a modern market economy.

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考题单选题What happened to China in 1998?A There was a significant economic downturn.B It began to be affected by the crisis-hit economies.C It enjoyed greater trade and capital flows.D It still realized nearly 7 percent of economic growth.

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考题问答题Practice 3　　The new assault on NAFTA rests on a single premise: ex- ports arc good, imports are bad. In economic terms, that’s non- sense: exporting doesn’t benefit Americans at all unless it allows them to consume more, which is what most imports arc for. As a political proposition, though the claim that exports create jobs　　while imports kill them is an easy sell. That’s why the critics fell silent during NAFTA’s first year, 1994, as US plants ran over- time to meet Mexico’s clamor for Coors beer. The collapse of Mexico’s peso last December, though, has devastated Mexico’s economy. Interests rates arc twice last year’s level, leaving mil- lions of middle-class families swamped by car loans and credit- card bills. Consumer spending has dropped by nearly a fifth, and the weak pesos means US-produced goods cost twice what they used to. Last year’s $ 8.9 billion US trade surplus with Mexico turned into a $ 3 billion deficit in the first half of 1995, and NAFTA foes adroitly seized the opening.

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考题单选题Could you show me your passport?（）A Yes, I could.B Sure.C I haven't got it with me.D I don't want to.

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