The estimates in Economic Outlook show that in rich countries
A heavy industry becomes more energy-intensive.
B income loss mainly results from fluctuating crude oil prices.
C manufacturing industry has been seriously squeezed.
D oil price changes have no significant impact on GDP.
第1题:
Don’t expect a millionaire to be dressed expensively all the time; a rich man does not ____ show off his wealth.
A. reluctantly
B. occasionally
C. emotionally
D. ecessarily
第2题:
The estimates in Economic Outlook show that in rich countries______.
A) heavy industry becomes mare energy-intensive
B) income loss mainly results from fluctuating crude oil. prices
C) manufacturing industry has been seriously squeezed
D) oil price changes have no significant impact on GDP
第3题:
第4题:
第5题:
Supporting Tobacco is Bad Economics
Tobacco Industry and Its Economic Profits
Smoking and Health
The Cost of Smoking
第6题:
people’s outlook on life
people’s life styles
people’s living standard
people’s social values
第7题:
expanding
exploring
exploding
第8题:
第9题:
oil-price shocks are less shocking now
inflation seems irrelevant to oil-price shocks
energy conservation can keep down the oil prices
the price rise of crude leads to the shrinking of heavy industry
第10题:
Tobacco is bad for people’s health but good for the national economy.
Tobacco has had a favourable economic impact in many countries in recent years.
Developed countries such as UK and the U.S. should transfer their technology in the tobacco industry to the developing countries.
Tobacco industry is bad for the economy for rich and poor countries alike.
第11题:
differences in family size
differences in attitudes towards family relations
two kinds of geography
two different kinds of economic relations between generations
第12题:
第13题:
Text 4
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 -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 inflation
B) reduction in supply
C) fast growth in economy
D) Iraq' s suspension of exports
第14题:
We can draw a conclusion from the text that______.
A) oil-price shocks are less shocking now
B) inflation seems irrelevant to oil -price shocks
C) energy conservation can keep down the oil prices
D) the price rise of crude leads to the shrinking of heavy industry
第15题:
第16题:
第17题:
heavy industry becomes more energy-intensive
income loss mainly results from fluctuating crude oil prices
manufacturing industry has been seriously squeezed
oil price changes have no significant impact on GDP
第18题:
第19题:
A decline in the tobacco industry would lead to more unemployment.
The rate of employment has nothing to do with the tobacco industry.
Increase in tobacco production will result in the decline of employment.
The workforce may be better off with a reduced tobacco industry.
第20题:
第21题:
for recreation
in the interests of the farmers
to limit the fox population
to show off their wealth
第22题:
the increased value of the pound
the economic recession in Asia
the change in people’s way of life
the fierce competition at home and abroad
第23题:
heavy industry becomes more energy-intensive
income loss mainly results from fluctuating crude oil prices
manufacturing industry has been seriously squeezed
oil price changes have no significant impact on GDP