[外语类试卷]国家公共英语四级(综合)练习试卷38及答案与解析.doc
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1、国家公共英语四级(综合)练习试卷 38及答案与解析 Part B Directions: Read the following four texts. Answer the questions below each text by choosing A, B, C or D . Mark your answers on ANSWER SHEET 1. 0 In a breath-taking turn of events, Asias economies have gone from miracle to meltdown in a matter of weeks. Many forecast
2、ers who recently predicted GDP growth of 6% in South Korea and southeast Asia for 1998 are suddenly projecting zero or even negative growth. In tine often short-sighted world of international finance, a new conventional wisdom is quickly forming: that inept policy-making is dragging down Asian econo
3、mies, and that only the tough austerity medicine of the International Monetary Fund, plus a good stiff recession, will bring the regions economies back to track. In recent years, foreign and domestic investors in East Asia got a touch of what U.S. Federal Reserve Chairman Alan Greenspan has famously
4、 termed irrational exuberance. Spurred by years of high economic growth in Asia, these investors poured billions of dollars of loans into the region, financing many worthwhile investments but also an unsustainable real estate boom. This over-investment need not have caused a crisis. A healthy reacti
5、on would involve a gradual cutback in foreign lending, a gradual weakening of Asias overvalued currencies and gradual shift of investments from over-inflated property sectors back to longterm export-oriented projects. Most short-term booms are brought down to earth without extreme crisis, and such a
6、n adjustment was the most likely scenario until the summer in 1997. In the event, Asia experienced a financial meltdown. A gradual withdrawal of funds from Thailand suddenly became a stampede. Thailands government dallied in responding to the overheating long after it had become apparent, and as a r
7、esult squandered Thailands foreign exchange reserves in a misguided attempt to defend the overvalued bat. The stampede came when foreign creditors realized that Thailand had more short-term foreign debts than the remaining short-term foreign reserves. A “rational“ panic began. Each investor started
8、to dump assets simply to get out of Thailand ahead of other investors. The chain reaction of nervous withdrawals led to a meltdown that now includes most of East Asia. Confidence has been so drained that Asias positive “fundamentals“-historically high rates of growth, savings and exports-are being o
9、verlooked. Economies rely on confidence, and what they most need to fear is, indeed, fear itself. 1 What is the most appropriate title for this passage? ( A) The Nervous Action of Market Economy ( B) A Vicious Circle Is at Work ( C) The Asian Miracle Takes Some Flits ( D) The Prophesies of Financial
10、 Doom 2 The word “meltdown“ in Paragraph 1, sentence 1 is closest in analogy to _. ( A) the radioactive core of a nuclear power ( B) a controlled nuclear reaction ( C) nuclear energy slips out of control and ends up a full-blown disaster ( D) the breakdown of the cooling system 3 According to the au
11、thor, in normal cases, over-investment _. ( A) can be reduced by a quick slash in foreign lending ( B) does not necessarily lead to a critical stage ( C) may be solved by an abrupt depreciation of currencies ( D) should be shifted to boom-town real estate speculations 4 The chain reaction of investm
12、ent withdrawals from the East Asian countries can best be said as _. ( A) irrational exuberance ( B) long-term adjustment ( C) market economy under siege ( D) contagion effect 5 According to the passage, what is supposed to be the key link to the economic recovery in East Asia? ( A) To attract more
13、foreign fund. ( B) To boost the exports. ( C) To stop dumping assets. ( D) To regain confidence. 5 With euro hills and coins now circulating across much of Europe, the European Monetary Union is fully in place. The post-World War European leaders dream of an economically and politically unified cont
14、inent is one large step closer to realization, and membership in the monetary union could easily grow to 20 or more countries from the current 12 as the larger European Union expands to the east. A fully operational European Monetary Union does not come, however, with a guarantee of success. There i
15、s one enormous problem: This union creates a single monetary policy for a group of quite different national economies that often experience divergent business-cycle patterns. As long as business-cycle conditions differ significantly among European Monetary Union countries, there is no way for the ce
16、ntral banks policies to avoid creating serious problems for some members. The patterns of economic ups and downs remain far more diverse in the European Monetary Union countries, and it is not clear that this will change soon. The designers of the monetary union thought that the imposition of a sing
17、le monetary policy, combined with free trade among the members, would cause cyclical conditions to converge quickly, producing a unified group of economies. A 1997 agreement also limits the power of the individual nations in the European Monetary Union to use government spending or tax cuts to ease
18、national downturns. They can be fined if they run budget deficits of more than 3 percent of their gross domestic products. No fines have been levied yet, but the threat is there. Even if the economies of the original European Monetary Union members become more similar in their cyclical behavior, it
19、will take far longer for the convergence to include the new member nations expected to come in within the next 10 or 15 years. The chances for consensus on the Governing Council, however thin now, will become far more distant with more members representing divergent national economies. And the large
20、r nations, like Germany, France and Italy, might well resent the power of representatives from much smaller nations to outvote them on monetary policy. All of this does not mean that the European Monetary Union is likely to fail. But clearly the arrival of the euro as the standard currency does not
21、guarantee the unions success. 6 According to Para. 1, which of the following is true? ( A) The euro has become an exclusively universal currency now. ( B) The dream of a unified European has become a reality. ( C) The European Monetary Union is affiliated to the European Union. ( D) There are 20 mem
22、ber nations in the European Monetary Union. 7 The dilemma facing the European Monetary Union is the contradiction between _. ( A) universal policy and different economies ( B) monetary consensus and different opinions among member nations ( C) member nations serious budget deficits with the Unions r
23、estriction ( D) original member nations and new member nations 8 Which of the words below can replace the word “levied“ (Line 3, Para. 3)? ( A) Collected. ( B) Fined. ( C) Forced. ( D) Asked. 9 What is the main idea of Para. 4? ( A) Original European Monetary Union members become more similar in the
24、ir cyclical behavior. ( B) New member nations will challenge the originals authority. ( C) Germany, France and Italy resent the joining of new nations into the European Monetary Union. ( D) There are lots of difficulties to reach consensus in monetary policy. 10 From the passage, we can infer that _
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- 外语类 试卷 国家 公共 英语四 综合 练习 38 答案 解析 DOC
