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经济衰退
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economic reession
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Some administration officials hope that Japan is amenable to market-opening agreements
Also noteworthy was the implementation by the Paris Club of a new menu of enhanced concessions in debt reschedulings for the severely indebted, low-income countries. A. list B. arrangement C. contract D. plan
Passage 2 It is time to junk much conventional wisdom about the US economy. Until recently, most analysts assumed the recovery from recession would remain abnormally weak. looking further ahead they assume that the US would continue to decline economically relative to other industrial countries, principally Japan a more unified European Community. Both assumptions are now looking shaky. A clutch of much stronger than expected data suggests the US recovery is finally beginning to take off. Output per hour increased 2.7percent last year-the fastest productivity growth in 20 years. With productivity increases translating into impressive gains in corporate profits, US share prices are hitting record high the dollar is beginning to climb relative to other leading currencies. For internationally mobile capital, the attractions of the US economy are enhanced by worse than expected performance just about everywhere else. Growth throughout Europe is being held back by the strains imposed by German unification currency instability, Japan, meanwhile, is struggling with its worst financial crisis in decades. President Mr. Bill Clinton is not only inheriting a lean, productive economy, he is inheriting the most encouraging inflation outlook for a generation. Consumer prices are expected to rise by only about 2.5% to 3% this year next. Mr. Clinton, however, in his State of Union address on February 17, is expected to announce an economic stimulus worth about US $ 30 billion, or 0.5 percent of GDP. He will also announce longer term plans to tackle the familiar budget deficit, now running at about $ 300 billion but expected nearly to double within a decade because of runaway growth of spending on health care other ‘entitlement’ programs.Statements: 47.The conventional wisdom about the US economy assumed that the recovery would remain abnormally weak.( ) 48.The US economy recovery becomes more attractive for internationally mobile capital because the US recovery is abnormally strong.( )49.Both assumptions are now looking right.( )50.Mr. Clinton will make effort to slash the familiar budget deficit.( )51. The budget deficit of US is expected to be worse in the next ten years.( )
countervailing duty
Passage 2 An insistence that Europe Japan create a “level playing field” for trade by agreeing to give U.S. exporters the same access to their markets as foreign companies receive in the United States. This push to expU. S. manufacturing exports is considered essential politically to fulfill President Bill Clinton's campaign promise of more “high-wage, high skill” jobs for Americans. A willingness to impose sanctions on major trading partners to reduce trade barriers abroad, with less patience for drawn-out negotiations. Administration officials see little risk that this more aggressive policy could escalate into a full-fledged trade war that would shock the world's fragile economies. Thus, the administration will not be deterred by complaints that it has moved to “protectionism”. 39.What is the meaning of a “level playing field” for trade? 40.In what way could this push help “fulfill President Bill Clinton's campaign promise”? 41.Why would the administration not be deferred from exercising the more aggressive policy?
Economic problems were exacerbated by three bad harvests with the result that national income the volume of foreign trade contracted during 1960-1962. A.deepened B.stagnated C.deteriorated D.postponed
The improved economic climate has been reflected in higher demfor credit.
The Chinese officials in charge flatly refused to supply bilingual labels. A. carefully attentively B. rudely violently C. politely respectfully D. completely firmly
Haier appliances feature the latest technology styles have a reputation for durability. Ranked China’s consumer - electronics maker, Haier accounts for nearly 40% of the country's refrigerator sales a third of its washing - machine air -conditioner sales.it hopes to become an export powerhouse - “a famous global brlike Japan's Matsushita,” President Zhang Ruimin says. It already sells washing machines to Japan,air conditioners to France refrigerators to the U.S. Haier's success is helping the Chinese government pursue its goal of steering the economy away from labor - intensive industries such as textiles toys encouraging home - grown electronics technology companies to compete with Japan,South Korea other Asian nations as a global source of high-tech products.Statements:1.Haier appliances are technology - oriented,durable,but out of fashion.( ) 2.As the consumer-electronics maker in China,Hairer accounts for over 30% of the country's washing - machine air-conditioner sales.( ) 3.Haier's success has enabled the Chinese government to achieve its goal of steering the economy away from labor-intensive industries such as textiles toys. 4.Just like Japan's Matsushita. Haier has now become a famous global brand, selling washing machines to Japan, air conditioners to France refrigerators to the U.S. 5.Haier's success encourages Chinese electronics technology companies to compete with Japan, South Korea other Asian nations.
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