剑桥商务英语高级-63及答案解析.doc
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1、剑桥商务英语高级-63 及答案解析(总分:100.00,做题时间:90 分钟)一、READING(总题数:0,分数:0.00)二、PART ONE(总题数:1,分数:8.00)A The CPI surged 8.7 percent in February year on year, the highest rise for this key inflation figure in over a decade. The February figure was 1.6 percentage points higher than that of January. Normally, a 3-per
2、cent growth of CPI is regarded as inflation. The CPI growth rate cast a shadow over the Chinese economy and put the government in a tight spot. The government could continue to take monetary measures such as jnterest rate hikes,but it would be against the international trend of interest rate cuts si
3、nce the global economy has been on the recession track due to the U.S. subprime mortgage crisis. Further rate hikes would draw in speculative currency, which might lead to problems such as liquidity.B The consumer price index(CPI), the barometer for inflation, grew 7.7 percent in May year on year, 0
4、.8 percentage points lower than that in April, according to the National Bureau of Statistics(NBS). It came as no surprise for financial institutions that the CPI dropped in May month on month, as food price, a major trigger for this round of inflation, dropped considerably thanks to an abundant sum
5、mer supply. There is no quick fix yet to cure inflation. But Song Guoqing, economics professor of Peking University, stated the most efficient and simple way to control inflation is to control money supply. He called on the central bank to strictly reinforce stringent monetary policy to resolve infl
6、ation pressure.C The consumer price index(CPI), the barometer for inflation at the retail level, grew 6.3 percent in July year on year. The year-on-year growth rate slowed compared with the CPIs 7.1-percent growth rate in June. But month-on-month growth accelerated 0.1 percentage point from June to
7、July. Inflation pressure also gained momentum after dropping in May and June. Food prices, which account for one third of the CPI basket and are considered as a major trigger of this round of inflation, rose 14.4 percent in July.D “Combating inflation“ ceased to be the governments priority as the co
8、nsumer price index (CPI)growth rate continued to drop. Instead, the government has switched the focus of the countrys macro-control policies to “maintain growth“ against the backdrop of the global economic downturn. In September, the CPI grew 4.6 percent year on year. but fell 0.3 percent. age point
9、s compared with that of August. The CPI growth rate dropped for five consecutive months, demonstrating that government efforts to cap runaway inflation were paying off. Economists expect inflationary pressure to continue to ease in the fourth quarter.E The consumer price index(CPI), the barometer of
10、 inflation, was down 0.3 percent in October compared with that of September. The National Bureau of Statistics(NBS)said the CPIs year-on-year growth in October was 4 percent, the lowest growth rate in 17 months. The government has made “reinina in infiation“ its top economic priority since the middl
11、e of last year, when citizens were hit with soaring costs of living. Afterwards, six rounds of interest rate hikes and other measures to cool the economy paid off as economic growth slowed amid the global financial turmoil.(分数:8.00)(1).CPI growth rate in this month is the lowest in seventeen months.
12、(分数:1.00)填空项 1:_(2).CPI growth rate in this month puts the Chinese government in a dilemma.(分数:1.00)填空项 1:_(3).By this month, CPI growth rate has dropped for five months.(分数:1.00)填空项 1:_(4).CPI growth rate drops 0.8 percent on the basis of the previous month.(分数:1.00)填空项 1:_(5).Monetary policies suc
13、h as continuous interest rate increase have been put into practice.(分数:1.00)填空项 1:_(6).Lots of countries in the world have cut interest rate because of the global economic recession.(分数:1.00)填空项 1:_(7).Stringent monetary policy was suggested to carry out to respond to inflation pressure.(分数:1.00)填空项
14、 1:_(8).Chinese governments priority has been changed to respond to inflation pressure.(分数:1.00)填空项 1:_三、PART TWO(总题数:1,分数:6.00)Barriers to International BusinessFirms desiring to enter international business face several obstacles, some much more severe than others. The most common barriers to inte
15、rnational business are: cultural, social, and political barriers, and tariffs and trade restrictions.A nations culture and social forces can restrict international business activities. Culture consists of a countrys general ideas and values and tangible items such as food, clothing, and buildings. S
16、ocial forces include family, education, religion, and customs. (9) Some countries also have different values about spending than do Americans. The Japanese have long been a nation that believes in paying cash for the products they buy, although the use of credit cards has soared in Japan over the la
17、st few years. The Japanese still save nearly 20 percent of individual income, compared to about 4 percent saved by people in the United States.(10) In some countries, purchasing items as basic as food and clothing can be influenced by religion. And some societies simply do not value material possess
18、ions to the same degree that Americans do.Most firms know the importance of understanding the cultural and social differences between selling and buying countries. (11) For instance, a business deal in Japan can fall through if a foreign businessman refuses a cup of green tea during a visit to a nat
19、ive Japanese firm.The political climate of a country can have a major impact on international business. Nations experiencing intense political unrest may change their attitude toward foreign firms at any time; this instability creates an unfavourable atmosphere for international trade.Tariffs and tr
20、ade restrictions are also barriers to international business. A nation can restrict trade through import tariffs, quotas and embargoes, and exchange controls.Import tariffs: a duty, or tax, levied against goods brought into a country is an import tariff. (12) The risk in importing tariff is that the
21、 other country could take the same action.Quotas and embargoes: a quota is a limit on the amount of a product that can leave or enter a country. Some quotas are established on a voluntary basis. (13) For instance, Japanese automobile manufacturers have voluntarily reduced the number of cars shipped
22、from the United States to five automakers here the time they need to modernise their factories. An embargo is a total ban on certain imports and exports. Many embargoes are politically caused.Exchange controls: restrictions on the amount of a certain currency that can be bought or sold are called ex
23、change controls. (14) A Tariff can be used to discourage foreign competitors from entering a domestic market.B A government can use exchange controls to limit the amount of products that importers can purchase with a particular currency.C The voluntary quota reduced the quantity of products for expo
24、rtation.D Selling products from one country to another is sometimes difficult when the cultures of the two countries differ significantly.E Generally, a voluntary quota fosters goodwill and protects a country from foreign competition.F However, managers still make costly mistakes when conducting bus
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