【考研类试卷】考研英语(阅读)-试卷73及答案解析.doc
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1、考研英语(阅读)-试卷 73 及答案解析(总分:60.00,做题时间:90 分钟)一、Reading Comprehensio(总题数:6,分数:60.00)1.Section II Reading Comprehension(分数:10.00)_2.Part ADirections: Read the following four texts. Answer the questions below each text by choosing A, B, C or D.(分数:10.00)_In the first years of the 21st century, no area of t
2、he American economy has excited more emotion than the property market. First came the excitement of soaring prices. Then spirits came crashing down with the subprime crisis, and now homeowners are agonizing over how far values could fall. An even bigger story , however, may be yet to come. America s
3、hould be bracing itself for the end of the “generational housing bubble“, according to a new study by Dowell Myers and SungHo Ryu of the University of Southern California. As the country“s 78 million baby-boomers retire, the report argues, the housing market will change dramatically. For three decad
4、es baby-boomers have helped push prices up: they settled down, and then bought bigger houses and second homes. But as the first of them celebrate their 65th birthdays in 2011, this may change. The old sell more homes than they buy. The ratio of old to working-age people is expected to grow by 67% ov
5、er the next two decades. Will the younger generation be able to buy all the homes on the market? Young adults make up the bulk of new demand, with most purchasing homes when they reach their early 30s. The flood of elderly people selling their homes, Mr. Myers suggests, may lead to a drawn-out buyer
6、s“ market. Prices may fall further as younger people, perceiving a downturn, delay purchasing. This phenomenon will unfold differently across the country. Some states will begin the sell-off later than others. In 15 southern and western statesincluding the retirement magnets of Florida and Arizon-at
7、he elderly do not become net sellers until their 70s. Expensive states such as California and the cold states of the mid-west and northeast are likely to lose them more quickly. The mismatch between buyers and sellers may be most acute in the rustbelt, where numbers of young people and immigrants ar
8、e rising slowly, if at all, says William Frey of the Brookings Institution, a think-tank. Of course, there may be other outcomes. Suburbs, which swelled with the baby-boomers, may begin to decline. If the building industry contracts, home prices may remain more stable. Or developers may switch to se
9、rving the old, building more compact housing near amenities. Towns may make new efforts to attract immigrants, who already accounted for 40% of the growth in homeownership between 2000 and 2006. Among these unknowns, one thing is more certain: the housing market is about to enter a long period of tr
10、ansition. The youngest baby-boomers will not turn 65 until 2029.(分数:10.00)(1).“An even bigger story“ in Paragraph 1 implies that American property market will(分数:2.00)A.continue to be the most exciting field in the American economy.B.experience more dramatic changes in the following years.C.make spi
11、rits go up with the decreased housing prices.D.have greater impact on the feelings of homeowners.(2).According to Dowell, the baby-boomers(分数:2.00)A.have been more likely to buy bigger and more homes.B.may celebrate their birthdays at the age of 65.C.should welcome the future change by selling more
12、houses.D.have made housing bubbles in the past three decades.(3).The word “drawn-out“(Line 2, Paragraph 3)most probably means(分数:2.00)A.prolonged.B.declined.C.delayed.D.enlarged.(4).William Frey believes that(分数:2.00)A.people in southern states would not lose their homes until 70s.B.people in expens
13、ive states would lose their money more quickly.C.young people and immigrants hardly increase in the rustbelt areas.D.elderly people would not like to retire in Florida and Arizona until 70s.(5).It could be concluded from the passage that(分数:2.00)A.suburbs would decline with increased baby-boomers.B.
14、housing prices would keep steady in the crisis.C.the housing market will experience a period of transformation.D.immigrants will be the majority of homeownership in towns.They are “financial weapons of mass destruction,“ to quote the famous investor Warren Buffett as he surveyed the morning-after de
15、struction of the sub-prime mortgage lending crisis. The continuing destruction can now be called a credit crisisa significant escalation because credit has been the fuel powering the American economy for the past half dozen years. A whole galaxy of credit instruments has now been downgraded to the t
16、une of hundreds of billions of dollars of paper losses. Another immediate effect has been a collapse in cash-out borrowing from home equity from about $700 billion in 2005 to $100 billion to date. At the same time, tighter lending and mortgage standards have contributed to a dramatic decline in resi
17、dential construction from a high of over 2 million units to about 800,000 predicted for next year, with a related decline in employment. A slowdown in consumer spending seems inescapable. What is now seriously in question is the capacity of our financial system to provide enough credit to support th
18、e scale of investment that has maintained our long economic expansion. Coming at a time of soaring oil prices, we may have a simultaneous decline in consumer spending, residential investment, and business investment. The economy was strong in the third quarter but clearly dropping off by the end. We
19、 may be at the finish of not just the long-term borrowing bubble but the long-term spending bubble. The Federal Reserve must get ahead of the curve. Its priority must be to maintain the viability of the credit system and the flow of credit; our postmodern economy is dependent on an ongoing flow of c
20、redit. The problem for the Fed is that monetary policy may be no match for the deep structural contradictions that plague the financial system. We are dealing here with a whole new set of credit instruments that are little understood and therefore extremely difficult to price. The economy is clearly
21、 transitioning to much slower growth, sharply tighter lending standards, a declining housing market, and pressure on consumer spending. People and companies are trying to cope with the debt accumulated during several years of wasteful lending and spending. The real danger from a credit crisis is tha
22、t everyone, from banks to corporations to households, may economize simultaneously. The collapse of values and the risks of the credit squeeze are the worst since the Great Depression. We are going to put the economy“s resilience to a severe test.(分数:10.00)(1).According to the first paragraph, which
23、 of the following seems to be the most serious economic problem now?(分数:2.00)A.The overall economic depression.B.The on-going credit crisis.C.The weapons of mass destruction.D.The investment in housing.(2).The tighter lending and mortgage standards will probably result in(分数:2.00)A.jump of employmen
24、t rate.B.more spending on necessities.C.flexible cash-out borrowing.D.a decrease of units to be built.(3).It is suggested in Paragraph 3 that(分数:2.00)A.the financial system is able to provide enough credit to support the investment.B.the credit issue can be traced back to the economic expansion long
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