商务英语阅读第二版王关富Unit Timetorebalanc课后答案e.docx
- 文档编号:7541294
- 上传时间:2023-01-24
- 格式:DOCX
- 页数:7
- 大小:20.91KB
商务英语阅读第二版王关富Unit Timetorebalanc课后答案e.docx
《商务英语阅读第二版王关富Unit Timetorebalanc课后答案e.docx》由会员分享,可在线阅读,更多相关《商务英语阅读第二版王关富Unit Timetorebalanc课后答案e.docx(7页珍藏版)》请在冰豆网上搜索。
商务英语阅读第二版王关富UnitTimetorebalanc课后答案e
Unit3
Timetorebalance
Exercises
1.Answerthequestionsonthetext.
1)HowdidSteveHiltonfeelwhenLehmanBrotherscollapsed?
Theworldwascomingtoanend.
2)WhatdidMr.Hiltondotosavehiscompany?
(1)Givingupoptionstobuythousandsoflots.
(2)Layingoff3/4ofhisemployees.
(3)Redesigninghishousestocutconstructioncost.
(4)Servingcustomerswithguaranteedpayment.
3)InwhatsenseAmericaasacountryissimilartoMr.Hilton’scompany?
Dismissingworkersinthewholecountryandexperiencingoneoftheworsteconomicrecessionsinhistory.
4)Whatdoes“thebiggesttransformations”mean?
Macroeconomically,theUSwillchangefromdebtandconsumptiontosavingandexports.
Microeconomically,Americanswillhavedifferentlifestylesanddodifferentjobsindifferentplaces.
5)AccordingtotheMcKinseyGlobalInstitute,whatisthecommonpracticeofconsumersduringeconomiccrises?
Consumersgenerallytrytocuttheirdebttomoremanageablelevels.
6)Whatisthemajordifferencebetweencreditcardsandchargecards?
Botharealineofcreditforacustomer.Foracreditcard,thecustomercanchoosetopayinfullorpartiallyattheendofamonth.Whenpayingpartially,thecustomercanpayinterestonthebalanceuntilitispaidinfull.Somepeoplejustkeepmakingpartialpaymentsandpayinterestoncreditcardsforyearsandyears.Butforachargecard,thecustomerhastopaytheentireamountoffeachtimehe/shereceivesabill.Itisnotallowedtomakeapartialpaymentandnointerestisinvolved.
7)Howisthecurrentrecessiondifferentfromthepreviousones?
Itwastriggeredbyafinancialcrisisthatmadeitimpossibletochannelsavingstoproductiveinvestmentandleftcustomersandenterprisesstrugglingwiththingsfromtheboom.
8)WhatisthedilemmatheObamaadministrationinconcerningthestimulus?
Ontheonehand,theadministrationexpectstoreducefederaldeficit.Ontheotherhand,itworriesthatthewithdrawingthestimulusmaypushtheAmericaneconomybackintorecession.
9)Whatarethereasonsforeconomicrestructuringaccordingtothereport?
Tightercredit,lowerconsumerborrowing,andhigherenergyprices.
10)Whatissaidaboutbusinessinvestment?
Itisexpectedtoberobust,especiallyforequipment.Butitcanneversubstituteconsumerspending.
11)WhatchangeshaveoccurredintheUnitedStatesintermsofconsumption?
(1)Americanconsumersspendlessbutsavemore.
(2)Americancompaniesthuslooktoanexportboomabroad.
(3)TheUShaschangedfromaconsumingnationtoanexportingeconomy,accountingforonly27%ofglobalconsumptionthisyear,muchlessthanthatofemergingmarkets.
12)WhatmakesthereportoptimisticabouttheAmericaneconomy?
(1)TheUShasbeenincreasingexportsabroad,particularlyemergingmarkets.
(2)America’scurrent-accountdeficitdroppedfrom6%to3%.
(3)Americanfirmsarebusypreparingfortheirinvestment.
2.Fillineachblankofthefollowingsentenceswithoneofthephrasesinthelistgivenbelow.Makechangeswhennecessary.
1)Investorsfrombigcitiesarequicktosnapuprealestatesinthisboomingtownfortheirrisingfuturevalues.
2)Therearealreadyclearsignalsthattheinvestorswillshiftawayfromthefinancialfirminlegaltrouble.
3)Highinputcostsarelikelytoputpressureonsteelpricesinthedomesticmarketevenifdemandstillremainshigh.
4)TheprimeministersaidThursdaythatanewinternationalairportwillbebuiltinthesoutherncitytocatertotherisingnumberofpassengersandaircargoesthere.
5)Manyeconomistsfearthatthecontractionofmoneysupplymaydryupfinancingneededforvariouseconomicactivities.
6)ProfessorNilwas,however,quicktowarnthepublictobeontheirguardagainstthosecounterfeitsalreadyincirculation.
7)AcademyAwards,EmmyAwardsanddozensofprestigiousawardsfromprominentfilmfestivalsaroundtheworldattesttothestellarqualityofthefilmsbeingfeaturedattheannualWorldCommunityFilmFestival.
8)Aneighborhoodgroupinthedistrictplanstoholdafundraisertohelpchildrenpayoffoverduebookfinessothattheycanresumeusingtheirlibrary.
9)Thewriter’sfameshranklastyearbecausethepublicthoughthewasknockingoutsomanythings.
10)Businessleadershaveurgedthegovernmenttosnapupfarmlandoverseastogrowbasicstaplesasabufferagainstsoaringfoodprices.
11)TheVancouverteamvowedtogetbacktodoingthelittlethingsrightandknewitwouldadduptobigthings.
12)Whathashappenedoverthepastfewyearsindicatesthatgreatpolitical,socialandeconomictransformationsareinthemaking.
3.MatchthetermsincolumnAwiththedefinitionsincolumnB.
A_______________________B________________________________________
1)emergingmarketA)Acontractthatpermitstheowner,dependingon
thetypeofoptionheld,topurchaseorsellan
assetatafixedpriceuntilaspecificdate.6
2)profitmarginB)Atheoreticalconstructthatrepresentseconomic
processesbyasetofvariablesandasetoflogical
andquantitativerelationshipsbetweenthem.10
3)consumerspendingC)Aneconomy,withfastgrowthratebutlowto
middlepercapitaincome,hasopenedupits
marketandintegrateditselfintotheglobal
economy.1
4)consumerismD)Theprocessofmovingfromaperiodoflosses
orlowprofitabilityintoamoreprofitablestage
forafirm,industryoreconomy.8
5)disposableincomeE)Ratioofprofitaftertaxestocost-of-sales,often
expressedasapercentage,measuringthe
profitabilityofafirmandindicatingitscost
structure.2
6)optionF)Portionofthebalanceofpaymentsconsisting
ofexportsandimportsofgoodsandservices,as
wellastransferpaymentssuchasforeignaid
grants.9
7)economicrestructuringG)Theamountofmoneyspentbyhouseholds,
measuredmonthly,makingupanimportantpart
ofaneconomy.3
8)turnaroundH)Thephenomenonofaneconomyshiftingfrom
amanufacturingtoaservicesectoreconomic
base.7
9)currentaccountI)Amovementequatingpersonalhappinesswith
purchasingmaterialpossessionsand
consumption.4
10)economicmodelJ)Theamountofincomelefttoanindividual
aftertaxeshavebeenpaid,availablefor
spendingandsaving.5
4.TranslatethefollowingpassageintoChinese:
目前石油价格飞涨,接近110美元一桶,食品和其他货物的成本也随之上涨。
然而不仅仅只是石油价格上升,实际上还有美元的贬值,去年在国际上对其他主要货币就贬值了18%。
美元变得一文不值,而与通常的经济衰退不同,美国经济的GDP却仍在增长,2007年美国的GDP增长了2.2%,达到13.8万亿美元。
但2007年究竟发生了什么,使美国经济遭受了毁灭性的打击呢?
其答案并不简单。
房产和信贷危机损坏了美元的币值。
想象一下,假如有人把成千上万的美元假币投入到美国经济中,而又被媒体发现了,这肯定会导致经济混乱,触发社会骚动,百姓不再信任现钞,从而摧毁美元的币值。
不过,美国的情况并不是假币,而是泛滥的信贷。
美国人的按揭抵押、信用卡和国债太多了。
他们依赖来自中国和其他国家的进口,本身的经济则过于强调服务业,而缺乏制造业的支撑。
其结果是美元实际上已不太值钱,只是一张纸币而已。
可因其稳定和坚挺,过去数十年世界各国银行一直将美元作为储备货币,其币值是由海外强劲的需求支撑的。
然而在布什政府时代,乔治·布什心不在焉,不重视经济发展与繁荣,经济基本上完全被他忽视了,而将精力放在国际反恐上。
在历史上,货币实际上曾经是由象黄金这样的贵金属支撑的,但那样的时代早已一去不复返了。
现在货币的比值是由政府和市场说了算,它们允许各国货币根据国际市场的需求浮动,但当一国的多数买卖是由信贷支付而没有足够的实体经济来支撑这些买卖时,那该国的货币最终就会暴跌。
因此,美国现在所处的正是这种景况。
商品价格飞涨,这意味着美国的GDP仍在增长,但这种增长是由于通货膨胀抬高商品价格而促成的。
不过,假如你调整我们的GDP,把货币贬值的因素考虑进去,那么你马上就知道真相了。
美国现在处于经济衰退之中,美国人还未意识到是因为我们的GDP数字看起来仍在上升,但他们并不知情的是:
我们的GDP价值实际上已下降了。
由于上述状况再加上按揭抵押和信贷危机,美国势必经历一段失控而危险的经济旅程。
5.ReadthefollowingtextandchoosethebestsentencefromthelistA-Ebelowtofillineachofthegapsinthetext.
1)Theywouldliketodrivemoremoneyintotheeconomynowtopumpuptherecoveryasahedgeagainstthefeareddoubledip.
2)Inplaceofthat$154billionbill,theWhiteHousepromptedtheHousetopassanarrower$54billionplaninMay.
3)ButSenateDemocratscouldn'tpassthatbilleither.
4)InsomecasesthatmeansarenewedpushforideasObamahasbeentoutingsincelate2009.
5)Forinstance,itismoreaggressivelypromotinga$13billionbusiness-hiringtaxcreditthatCongresshasalreadypassed.
SupplementaryReading
ThecreditcrunchhasshatteredAmerica's'neoliberaldream'
1.Itwas________thatcausedtheendofthedominanceoffree-marketcapitalism.
A.Americanbudgetdeficit
B.theglobalfinancialcrisis∨
C.InternationalMonetaryfund
D.anti-marketmovement
2.Thetwowritersarguedintheirbookthatinmostofthe20thcenturytheworld________.
A.spentthetimefightingwars
B.triedtofindoutwhattheAmericandreamwasabout
C.boughtuptheAmericandreamandallitsproducts∨
D.lookedintotheAmericansandtheirwaylife
3.Morethan$800billionnationaldebtintheformoftreasurybondswasdueto________.
A.adecade-longborrowingbingebytheAmericans∨
B.transferofpower
C.creditcrunchintheUnitedStates
D.unbridledfree-marketcapitalism
4.IMFchiefeconomistOlivierBlanchardbelievesthatazerointerestrate________.
A.givesmoreroomformonetarypolicytobeeased
B.resultinlessdeteriorationoffiscalpositions
C.freesyourhandsduringtimesoftrouble
D.isasevererestrictiononmonetarypolicy∨
5.Theauthorofthisarticlefeelsitis________fortheIMFtoimposeitspolicieswithconditions.
A.acceptable
B.natural
C.unfair∨
D.normal
6.LordTurnerisregardedasahatefigureintheIMFbecausehe________.
A.challengedthefinancializationoftheworldeconomy∨
B.praisedtheneoliberaldream
C.cameupwithmanyofthefinancialinnovations
D.revealedthetruevalueofunderlyingassets
7.Itcanbeinferredthat________isoneofthecreditderivativesthatwereclaimedtoenhancethetransparencyofthefinancialmarket.
A.interestrate
B.marketintervention
C.capitaltransfer
D.thecreditdefaultswap∨
8.ThefollowingarethereasonswhyIndiaavoidedtheworstsituationofthefinancialcrisisEXCPTthat________.
A.itdidnotblindlyaccepttheneoliberalorthodoxy
B.itlookedw
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 商务英语阅读第二版王关富Unit Timetorebalanc课后答案e 商务英语 阅读 第二 版王关富 Unit Timetorebalanc 课后 答案