The Economist is one of the most important ______ in Britain.A.quality newspapersB.weekly
The Economist is one of the most important ______ in Britain.
A.quality newspapers
B.weekly reviews
C.daily newspapers
D.Sunday newspaper
The Economist is one of the most important ______ in Britain.
A.quality newspapers
B.weekly reviews
C.daily newspapers
D.Sunday newspaper
A.economic
B.economics
C.economy
D.economist
A.the economist may apply the view of profit opportunities excessively
B.the economist has quicker insights than the non-economist
C.the economist has a better understanding of profit opportunities than the non- economist does
D.profit opportunities appear even in our daily life
A.is a basic principle regarding individual decision-making.
B.amounts to a denial of one of the basic principles regarding interactions among peopl
E.
C.supports the idea that the "invisible hand" should guide economic activity.
D.was promoted by the economist Adam Smith in a well-known 1776 book.
A、is a basic principle regarding individual decision-making.
B、amounts to a denial of one of the basic principles regarding interactions among people.
C、supports the idea that the "invisible hand" should guide economic activity.
D、was promoted by the economist Adam Smith in a well-known 1776 book.
A、ranging
B、 differing
C、 altering
D、 separating
__________ 查看材料
A.A meager diet may keep you thin.
B.It means an extra 11 million tons of carbon dioxide.
C.The obese child was picked last.
D.US economist Martin Schmidt suggests a tax on fast food delivered to people"s cars.
E.Science has shown that they have limited personal control over their weight.
F.No one asked whether there was really a cause-and-effect relationship.
The term profit in economics has a very precise meaning. Economists, however, often loosely refer to "good deals" or profitable ventures with no risk as profit opportunities. Using the term loosely, a profit opportunity exists at the toll booths if one line is shorter than the others. The general view of economics is that profit opportunities are rare. At any one time there are many people searching for such opportunities, and as a consequence few exist. At toll booths it is seldom the case that one line is substantially shorter than the others.
Another example of a possible profit opportunity is the following. At major banks in big cities, you can buy foreign currencies. The prices of these currencies are determined in world money markets. Let's concentrate on the US dollar, the German mark, and the French franc. With dollars we can buy marks; with these marks we can buy francs; and with these francs we can buy back dollars. Can we make money on this transaction? In other words, can the prices be such that we end up with more dollars at the end than we started with? If this is possible, we say that there are profit opportunities in the market. There are in fact almost never any profit opportunities of this kind in foreign currency markets. There are always individuals looking for such opportunities, and if any opportunity does arise it is quickly eliminated.
If, for example, the mark-franc price is too low with respect to the other prices, there is an immediate rush to buy marks and sell francs, not by ordinary citizens at bank windows, but by a few large currency traders in Tokyo, London, or Zurich who watch prices every minute. Such a rush drives up the mark-franc price to the no-profit-opportunity point. Markets like this, where any profit opportunities are eliminated almost instantaneously, are said to be efficient markets.
The common language way of expressing the efficient markets hypothesis is "there's no such thing as a free lunch". How should one react when a stockbroker calls up with a hot tip on the stock market? With skepticism. There are thousands of individuals each day looking for hot tips in the market, and if a particular tip about a stock is valid there will be an immediate rush to buy the stock, which will quickly drive its price up. By the time the tip gets to your broker and then to you, the profit opportunity that arose from the tip is likely to have been eliminated. Similar arguments can be made for bond markets and commodity markets. There are many "experts" in these markets, who take quick advantage of any news that affects prices.
This economist's view that there are very limited profit opportunities around can , of course, be carried too far. There is a story about two people walking alone, one an economist and one not. The non-economist sees a twenty-dollar bill on the sidewalk and says, "There's a twenty-dollar bill on the sidewalk." The economist replies, "That is not possible. If there were, somebody would already have picked it up."
There are clearly times when profit opportunities exist. Someone has to be first to get the news, and some people have quicker insights than others. Nevertheless, news does get disseminated quickly, and there
A.You need to ignore a hot tip offered.
B.You need to pay for a hot tip offered.
C.You need to justify a hot tip offered.
D.You need to take quick advantage of a hot tip offered.
Section A
Directions: In this section, you will hear 8 short conversations and 2 long conversations. At the end of each conversation, one or more questions will be asked about what was said. Both the conversation and the questions will be spoken only once. After each question there will be a pause. During the pause, you must read the four choices marked A, B, C and D, and decide which is the best answer.
听力原文:M: I went to New York yesterday, but I forgot to call Barry.
W: Barry wouldn't have been there anyway. He is an economist in California now.
Q: What information does the man find out?
(12)
A.Barry no longer lives in New York.
B.Barry doesn't know how to economize.
C.The woman called Barry in California.
D.The woman didn't ever meet Barry.
根据以下内容回答题:
Economists believe that job earnings influence choice of occupation.They acknowledge that people place varying emphasis(1)income,but point out that workers tend to move from one occuDation to another(2)changes in salaries.In 1931,H.F.Clark,an economist,stated that“proper information regarding wages if sufficiently(3)upon people,will lead to correct choice of occupation and correct(4)of people in an occupation,provided barriers to occuDations have been removed.”This means that the supply and demand of.workers have(5)to do with wages,(6)in turn influence people to choose certain careers.However,all barriers to occupations will have to be removed(7)career choices can be(8)by eco-nomics alone.There is little question(9)economic factors have some influence on choice ofan occuDation.But to picture them as the major or most important reason(10)against the soundest of folk wisdom:“Man does not live by bread alone.”
1.
A.in
B.on
C.into
D.for
So who is right—these students or the skeptics? It isn't too much of an exaggeration to say that the field of labor economics has spent the past 30 years trying to come up with an answer. In one paper after another, economists have tried to identify the portion of a person' s success for which schooling can fairly claim credit. One well-known study, co-researched by Alan Krueger, a Princeton professor now serving as the Treasury Department' s chief economist, offered some support for the skeptics. It tracked top high-school students through their 30s and found that their alma maters had little impact on their earnings. Students who got into both, say, the University of Pennsylvania and Penn State made roughly the same amount of money, regardless of which they chose. Just as you might hope, the fine-grain status distinctions that preoccupy elite high-school seniors (and more to the point, their parents) seem to be overrated.
The rest of the evidence, however, has tended to point strongly in the other direction. Several studies have found a large earnings gap between more—and less-educated identical twins. Another study compared young men who happened to live close to a college with young men who did not. The two groups were similar except for how easy it was for them to get to school, and the upshot was that the additional education attained by the first group lifted their earnings. " College can't guarantee anybody a good life, " says Michael McPherson, an economist who runs the Spencer Foundation in Chicago, which finances education research. "But it surely ups the odds substantially. "
In economic downturns, many people go to college________.
A.voluntarily
B.happily
C.reluctantly
D.with contempt
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