外刊经贸知识选读模拟测试.docx
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外刊经贸知识选读模拟测试
外刊经贸知识选读模拟测试一
I.Chooseoneanswerthebestexplainstheunderlinedpartofthefollowingstatementsorbestcompletesthem(30%)
1.AsEurope’seconomysoured,free-marketideasthatarenewtomuchofEuropefacenewchallenges.(B)
A.improvedB.worsenedC.strengthenedD.reinforced
2.AcommoditybreakdownofChina’stradeshowsthatfuelsaccountedfor24%oftotalexportsin1982,foodproductsfor13%,textilefibresandmineraloresfor7%andmanufacturedgoodsfor55%.(C)
A.failureB.collapseC.recordD.classification
3.Thisisstimulatingaverylargespin-offintermsofaninfluxofpeoplerequiringaccommodationandservices.(A)
A.inflowB.inputC.itemD.inbox
4.NakasonegiveseverysignofbeingsincereinhisdesiretoreduceaJapanesesurplusintradewiththeUSthathit36.8billiondollarsin1984andcouldsoontop50billion.(C)
A.onthetopofB.headC.increasetoD.increaseby
5.TheonceprovincialcapitalofSeoulteemswithenergyandsophistication,Korea’sexpectationsforabetterlifearehighandrisingfast.(B)
A.copeswithB.isfullofC.acceleratesD.reserves
6.Americaobjectedtothat,andaskedwhethertheproposed“directpayment”werenotreallyproductionsubsidiesindisguise.(A)
A.adeceptivecoveringB.differentapproachesC.relatedproblemsD.overthepastfewdecades
7.ByJan.1wewillhavepassed95%ofwhatwesoughtin1986tocreatethesinglemarket,andmuchofthatwillalreadyhavebeentranslatedintonationallaw.B
A.turnedupB.changedC.concludedD.fulfilled
8.Soonerorlatertheywillbegintolosetheiredge,muchastheUnitedStatesdidagainstJapan.D
A.ritualB.sideC.balanceD.advantage
9.IfEuropeanaren’tburstingtogivethesinglemarketacomingoutoftheparty,itmaysimplybethatmarketsaren’tthekindsofthingspeoplegushabout.A
A.eagertoB.pouringC.explodingD.breaking
10.Jean-PierreSoisson,thefarmminister,hassaidFrancemayblocktheEC’sacceptanceofanewfarm-tradedeal,andtherebywrecktheround.D
A.denyB.standC.insistD.ruin
11.InCalifornia’sSiliconValleyKoo’swhite-frockedresearchscientistsdelveintothemysteriesofstate-of-the-artsemiconductortechnology.(C)
A.artisticB.fashionC.themostadvancedD.unveiling
12.Suchopportunitiescometoorarelytobesquandered.(A)
A.wastedB.spurtC.squabbledD.cherished
13.Now,withChinapoisedtojointheWTO,thepatternisrepeatinghigheronthetechnologyladder.B
A.posedB.wasreadyC.balancedD.supported
14.Internationaltradersforecastbleakoutlookthisyearforthegrainproductionforthebadweather.(D)
A.brightB.so-soC.encouragingD.discouraging
15.Thefallsinplatinumandgoldwasaggravatedbythewithdrawalofinvestmentsupportasthedollarregainedground.(B)
A.improvedBworsenC.eliminatedD.increased
II.TranslatethefollowingphrasesintoChinese(10%)
16.tradereprisal贸易报复
17.tradebalance贸易差额
18.OPEC石油输出国组织
19.onaconservativeestimate据保守估计
20.hardsell强行推销
21.barter易货贸易
22.infrastructure基础设施
23.importquota进口限额
24.countervailingduty反补贴税
25.carbontax双重税
III.TranslatethefollowingphrasesintoEnglish(10%)
26.补偿贸易compensationtrade
27.经营机制operationmechanisms
28.利率interestrate
29.市场份额marketshare
30.倾销dumping
31.经济封锁economicblockade
32.知识产权intellectualpropertyright
33.贴现率discountrate
34.利润汇款profit-remittance
35.最惠国待遇most-favorednationtreatment
IV.ReadthefollowingpassagesandanswerthefollowingquestionsinEnglish:
(24%)
Passage1
TheGeneralAgreementonTariffsandTrade,orGATT,isamultilateraltreatybetweengovernments,whichisconcernedwithinternationaltrade.ItcameintooperationonJanuary1,1948.inthe1930s,whentheworldwassufferingfromanintenseeconomicdepressions,manygovernmentsattemptedtoseekshelterbehindvariouskindsofprotectivebarriers:
hightariffprotection,quotarestrictiononimports,exchangecontrols,andsoon.ItbecameevidentduringtheSecondWorldWarthattheserestrictionsmightbecomepermanentlyfastenedupontheworldunlessresoluteattemptsweremadetodismantleandoutlawthem.TheGATTistodaythemajorresultofefforts,whichweremadeinthisdirection.
36.CouldyouexplainthetermGATTinyourownworlds?
Itisamultilateraltreatybetweengovernments,whichisconcernedwithinternationaltrade.ItcameintooperationonJanuary1,1948.
37.WhydidpeopledecidetosetuptheGATT?
Itwasheldwithviewtowardingoffanoveralltradewartriggeredoffbytradeprotectionisminthe1930s,whichledtoaglobalgreatslump.
38.WhatwasnecessarytododuringtheWWIIfortheworldeconomyaccordingtothispassage?
Itwasnecessarytodemolishthetradeprotectionism;otherwise,itmightrestricttheworldeconomypermanently.
Passage2
EventhoughEnronshareholdershavebeenessentiallywipedout,KenLayisn’tgoingtothepoorhouse.UnlikeEnronemployeeswhoseretirementaccountshavebeenvaporizedbecausetheyconsistedlargelyofEnronstockthecompanywouldn’tletthemsell,Layhasplentyofwealthleft.Lastyearalone,hemade$123millionofprofitonstockoptions,accordingtoEnronfilings.Thisyearhehasmadeanadditional$25millionorso.Note:
onFridaywithitsstockataround30cents,Enronchangeditspolicyandallowedemployeestosellit.
Ironically,whatbroughtdownEnronfromitsloftyperchontheFortune500list(No.7)isthatthemarkets,whosevirtueitpreached,lostfaithinitafteritdisclosedfunnydealingswithapartnershiprunbyitschieffinancialofficer.
Enron,amajortraderofelectricityandnaturalgas,grossed$200billionayearandhad$60billionassets,butturnedouttobeabubble.Itsbusinessdependedonborrowinglotsofmoney.PeoplelineduptolendaslongasEnronseemedhealthy.Whensuspiciousarosesixweeksagoafterthecompanyrevealeditspartnershipproblems,moneytrickledaway.Thenitstartedleavinginaflood.AsEnrontottered,itlottradingbusiness.
39.WhatchangesdidEnronmaketowardsthepolicyofitsshareholders?
Atfirst,thecompanywouldnotallowtheemployeeshareholderstoselltheirshares,butafterittumbledataround30cents,Enronchangeditspolicyandalloweditsemployeestosellit.
40.Accordingtothepassage,whathappenedtotheretirementaccountsofEnron’smostemployees?
MostEnronemployees’retirementaccountshaveactuallydisappearedbecausetheyconsistedlargelyofEnronstockthatthecompanywouldnotletthemsell.Whenthecompanydidallowthemtosellthestock,itisalmostworthless.
41.WhydidtheauthorsayEnron“turnedouttobeabubble”?
BecauseEnronusedtoenjoyaverygoodreputation.ItwasontheFortune500list(No.7).Itsbusinessdependedonborrowingalotofmoney.Ithadseriouspartnershipproblems.Whensuspiciousarose,investmentmoneyranawayfromEnronanditlosttradingbusiness.
V.Readthefollowingtwopassagesanddecidewhetherthestatementsaretrueorfalse.MarkTfortrueandFforfalseinthebracketsgiven:
(15%)
Passage1
Russia,ChinaandIndiaareincontroloftheirdestinies.Theiraverageincomesare5to10timeshigherthanincomesinthepoorcountries.Theyparticipatevigorouslyinworldtrade,althoughRussialessthantheothers.They,infactandtheory(theoryforthemostpart,inIndia’sandRussia’scases),areopentoforeigninvestment.Theirculturescherisheducation,hardworkandatleastthegoalofhonestyinbusinessandgovernment---qualitiesessentialforrapideconomicgrowth.Onefinalparallel:
China,IndiaandRussiaarejustgettingstartedonthereformroad,anditisalwayseasiesttosprintwhencomingoffthestartline.
TheeconomiesinJapanandHongKonggotgoingrightafterWorldWarII.TheotherAsiantigers,suchasTaiwan,SouthKoreaandMalaysia,joinedtheraceinthe1960s.Chinaclimbedontothecourseonlyafter1979,andverycautiouslyatfirst.Indiagaveuponsocialism,andRussiaoncommunism,onlyin1991.Nowthethreebiglatecomersareenjoyingaperiodinwhichintelligentimitationoftheirpredecessorscanyielddecadesofveryrapidgrowth.
42.Russia,ChinaandIndiaareparticipatingequallyvigorouslyinworldtradeaccordingtothepassage.(F)
43.TheauthorimpliedthatIndiaandRussiahaven’tbeenveryopentoforeigninvestment.(T)
44.TherearesimilarpositiveculturalvaluesamongRussia,ChinaandIndia.(T)
45.It’simpliedthatRussia,ChinaandIndiawilldobetterinthefuturesincetheirascendancyhasjuststarted.(T)
46.Indevelopingtheircountries’economy,theabove-mentionedthreecountriesdidn’tlearntheirlessonsfromthepredecessors.(F)
Passage2
WhatunquestionablypushedtheSwissbanksintolimitingsecrecywasthehugefinancialscandalinvolvingtheCreditSwiss:
oneofSwitzerland’s“bigthree”banks.ThenotorietyoftheaffairbadlytarnishedtheSwissbanks’imageofstabilityandhonesty.
ThescandalcametolightwhentheCreditSwissBankrevealedthatthemanagerofoneofitsmajorbranchesinChiasso,neartheItalianborder,hadbeeninvolvedinsecret,unauthorizeddeals.Thesehadresultedingiganticlossestothebank.Someestimatedtheeventualfiguremightreach$300millionormore.
AnimportantresultoftheCreditSwissfiascowasthattheSwissbankswereforcedtotightentheirrulesandformalizetheirbehaviorregardingbankingsecrecy.Aswehavealreadymentioned,pressuretoreformthesystemhadbeenbuildingupforyears.Itneededthisdebacletotipthebankstowardsreform.TheSwissDirectorGeneraloftheNationalBankwasundoubtedlyrightwhenhestatedpubliclythatSwitze