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Practice 5 Dell says the problem is that it dropped prices too much. But deeper, more threatening forces are also now at play. The first is the resurgence of rivals, which have caught up with Dell’s low price model. By driving prices down, Dell has unintentionally cut costs for its rivals too. “The supply chain has become as standardized as the components—the money has been wrung out,” explains an expert. Dell, by not working through retail outlets, is still more efficient, but the cost benefits that this once brought have been whittled away. The second factor hurting Dell is that growth in the computer business is coming from the consumer market and emerging countries rather than the corporate market, in which Dell sells around 85% of its machines. Increasing sales to consumers is difficult for Dell because individuals tend to want to see and touch computers before buying them. They also like to be able to return the machine easily if it breaks. Dell’s lack of retail presence, once ballyhooed as a benefit, has turned into grave disadvantage. A third problem facing Dell is its exclusive use of Intel chips rather than lower-priced ones made by Intel’s sworn rivals, AMD. This arrangement lets Dell buy chips inexpensively and benefit from Intel’s generous co-marketing programmes. But it has started to harm Dell’s sales for higher margin computer servers.
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更多 “问答题Practice 5 Dell says the problem is that it dropped prices too much. But deeper, more threatening forces are also now at play. The first is the resurgence of rivals, which have caught up with Dell’s low price model. By driving prices down, Dell has unintentionally cut costs for its rivals too. “The supply chain has become as standardized as the components—the money has been wrung out,” explains an expert. Dell, by not working through retail outlets, is still more efficient, but the cost benefits that this once brought have been whittled away. The second factor hurting Dell is that growth in the computer business is coming from the consumer market and emerging countries rather than the corporate market, in which Dell sells around 85% of its machines. Increasing sales to consumers is difficult for Dell because individuals tend to want to see and touch computers before buying them. They also like to be able to return the machine easily if it breaks. Dell’s lack of retail presence, once ballyhooed as a benefit, has turned into grave disadvantage. A third problem facing Dell is its exclusive use of Intel chips rather than lower-priced ones made by Intel’s sworn rivals, AMD. This arrangement lets Dell buy chips inexpensively and benefit from Intel’s generous co-marketing programmes. But it has started to harm Dell’s sales for higher margin computer servers.” 相关考题
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We can infer from Paragraph 5 that ______.（ ）[A] home prices has fallen down 28% compared with what's in mid-2006[B] many foreclosed homes have been abandoned by their former owners[C] home prices might fall down 28% fi'om their peak in mid-2006 in the future[D] more foreclosed homes have been abandoned because of the falling price
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第三篇Oil and EconomyCould the bad old days of economic decline be about to return?Since OPEC agreed to supplycuts in March,the price of crude oil has jumped to almost $26 a barrel,up from less than$10 last December. This near-tripling of oil prices calls up scary memories of the 1973 oil shock,when prices quadrupled,and 1979一1980,when they also almost tripled.Both previous shocks resulted in double一digit inflation and global economic decline.So where are the headlines warning of gloom and doom this time?The oil price was given another push up this week when Iraq suspended oil exports.Strengthening economic growth,at the same time as winter grips the northern hemisphere,could push the price higher still in the short term.Yet there are good reasons to expect the economic consequences now to be less severe than in the 1970s.In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the 1970s.In Europe,taxes account for up to four-fifths of the retail price,so even quite big changes in the price of crude oil have a more muted effect on pump prices than in the past.Rich economies are also less dependent on oil than they were,and so less sensitive to swings in the oil price.Energy conservation,a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption.Software,consultancy and mobile telephones use far less oil than steel or car production.For each dollar of GDP(in constant prices)rich economies now use nearly 50%less oil than in 1973.The OECD estimates in its latest Economic Outlook that,if oil prices averaged $22 a barrel for a full year,compared with $13 in 1998,this would increase the oil import bill in rich economies by only 0.25-0.S%of GDP. That is less than one-quarter of the income loss in 1974 or 1980.On the other hand,oil-importing emerging economies一to which heavy industry has shifted一have become more energy一intensive,and so could be more seriously squeezed.One more reason not to lose sleep over the rise in oil prices is that,unlike the rises in the 1970s,it has not occurred against the background of general commodity-price inflation and global excess demand.A sizable portion of the world is only just emerging from economic decline.The Economist's commodity price index is broadly unchanging from a year ago. In 1973 commodity prices jumped by 70%,and in 1979 by almost 30%.The estimates in Economic Outlook show that in rich countries______.A:heavy industry becomes more energy-intensiveB:income loss mainly results from fluctuating crude oil pricesC:manufacturing industry has been seriously squeezedD:oil price changes have no significant impact on GDP
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第三篇Oil and EconomyCould the bad old days of economic decline be about to return?Since OPEC agreed to supplycuts in March,the price of crude oil has jumped to almost $26 a barrel,up from less than$10 last December. This near-tripling of oil prices calls up scary memories of the 1973 oil shock,when prices quadrupled,and 1979一1980,when they also almost tripled.Both previous shocks resulted in double一digit inflation and global economic decline.So where are the headlines warning of gloom and doom this time?The oil price was given another push up this week when Iraq suspended oil exports.Strengthening economic growth,at the same time as winter grips the northern hemisphere,could push the price higher still in the short term.Yet there are good reasons to expect the economic consequences now to be less severe than in the 1970s.In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the 1970s.In Europe,taxes account for up to four-fifths of the retail price,so even quite big changes in the price of crude oil have a more muted effect on pump prices than in the past.Rich economies are also less dependent on oil than they were,and so less sensitive to swings in the oil price.Energy conservation,a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption.Software,consultancy and mobile telephones use far less oil than steel or car production.For each dollar of GDP(in constant prices)rich economies now use nearly 50%less oil than in 1973.The OECD estimates in its latest Economic Outlook that,if oil prices averaged $22 a barrel for a full year,compared with $13 in 1998,this would increase the oil import bill in rich economies by only 0.25-0.S%of GDP. That is less than one-quarter of the income loss in 1974 or 1980.On the other hand,oil-importing emerging economies一to which heavy industry has shifted一have become more energy一intensive,and so could be more seriously squeezed.One more reason not to lose sleep over the rise in oil prices is that,unlike the rises in the 1970s,it has not occurred against the background of general commodity-price inflation and global excess demand.A sizable portion of the world is only just emerging from economic decline.The Economist's commodity price index is broadly unchanging from a year ago. In 1973 commodity prices jumped by 70%,and in 1979 by almost 30%.We can draw a conclusion from the text that______.A:oil-price shocks are less shocking nowB:inflation seems irrelevant to oil-price shocksC:energy conservation can keep down the oil pricesD:the price rise of crude oil leads to the shrinking of heavy industry
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第三篇Oil and EconomyCould the bad old days of economic decline be about to return?Since OPEC agreed to supplycuts in March,the price of crude oil has jumped to almost $26 a barrel,up from less than$10 last December. This near-tripling of oil prices calls up scary memories of the 1973 oil shock,when prices quadrupled,and 1979一1980,when they also almost tripled.Both previous shocks resulted in double一digit inflation and global economic decline.So where are the headlines warning of gloom and doom this time?The oil price was given another push up this week when Iraq suspended oil exports.Strengthening economic growth,at the same time as winter grips the northern hemisphere,could push the price higher still in the short term.Yet there are good reasons to expect the economic consequences now to be less severe than in the 1970s.In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the 1970s.In Europe,taxes account for up to four-fifths of the retail price,so even quite big changes in the price of crude oil have a more muted effect on pump prices than in the past.Rich economies are also less dependent on oil than they were,and so less sensitive to swings in the oil price.Energy conservation,a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption.Software,consultancy and mobile telephones use far less oil than steel or car production.For each dollar of GDP(in constant prices)rich economies now use nearly 50%less oil than in 1973.The OECD estimates in its latest Economic Outlook that,if oil prices averaged $22 a barrel for a full year,compared with $13 in 1998,this would increase the oil import bill in rich economies by only 0.25-0.S%of GDP. That is less than one-quarter of the income loss in 1974 or 1980.On the other hand,oil-importing emerging economies一to which heavy industry has shifted一have become more energy一intensive,and so could be more seriously squeezed.One more reason not to lose sleep over the rise in oil prices is that,unlike the rises in the 1970s,it has not occurred against the background of general commodity-price inflation and global excess demand.A sizable portion of the world is only just emerging from economic decline.The Economist's commodity price index is broadly unchanging from a year ago. In 1973 commodity prices jumped by 70%,and in 1979 by almost 30%.The main reason for the latest rise of oil price is______.A:global inflationB:reduction in supplyC:fast growth in economyD:Iraq's suspension of exports
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第三篇Oil and EconomyCould the bad old days of economic decline be about to return?Since OPEC agreed to supplycuts in March,the price of crude oil has jumped to almost $26 a barrel,up from less than$10 last December. This near-tripling of oil prices calls up scary memories of the 1973 oil shock,when prices quadrupled,and 1979一1980,when they also almost tripled.Both previous shocks resulted in double一digit inflation and global economic decline.So where are the headlines warning of gloom and doom this time?The oil price was given another push up this week when Iraq suspended oil exports.Strengthening economic growth,at the same time as winter grips the northern hemisphere,could push the price higher still in the short term.Yet there are good reasons to expect the economic consequences now to be less severe than in the 1970s.In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the 1970s.In Europe,taxes account for up to four-fifths of the retail price,so even quite big changes in the price of crude oil have a more muted effect on pump prices than in the past.Rich economies are also less dependent on oil than they were,and so less sensitive to swings in the oil price.Energy conservation,a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption.Software,consultancy and mobile telephones use far less oil than steel or car production.For each dollar of GDP(in constant prices)rich economies now use nearly 50%less oil than in 1973.The OECD estimates in its latest Economic Outlook that,if oil prices averaged $22 a barrel for a full year,compared with $13 in 1998,this would increase the oil import bill in rich economies by only 0.25-0.S%of GDP. That is less than one-quarter of the income loss in 1974 or 1980.On the other hand,oil-importing emerging economies一to which heavy industry has shifted一have become more energy一intensive,and so could be more seriously squeezed.One more reason not to lose sleep over the rise in oil prices is that,unlike the rises in the 1970s,it has not occurred against the background of general commodity-price inflation and global excess demand.A sizable portion of the world is only just emerging from economic decline.The Economist's commodity price index is broadly unchanging from a year ago. In 1973 commodity prices jumped by 70%,and in 1979 by almost 30%.From the text we can see that the writer seems______.A:optimistic B:sensitiveC:gloomy D:scared
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第三篇Oil and EconomyCould the bad old days of economic decline be about to return?Since OPEC agreed to supplycuts in March,the price of crude oil has jumped to almost $26 a barrel,up from less than$10 last December. This near-tripling of oil prices calls up scary memories of the 1973 oil shock,when prices quadrupled,and 1979一1980,when they also almost tripled.Both previous shocks resulted in double一digit inflation and global economic decline.So where are the headlines warning of gloom and doom this time?The oil price was given another push up this week when Iraq suspended oil exports.Strengthening economic growth,at the same time as winter grips the northern hemisphere,could push the price higher still in the short term.Yet there are good reasons to expect the economic consequences now to be less severe than in the 1970s.In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the 1970s.In Europe,taxes account for up to four-fifths of the retail price,so even quite big changes in the price of crude oil have a more muted effect on pump prices than in the past.Rich economies are also less dependent on oil than they were,and so less sensitive to swings in the oil price.Energy conservation,a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption.Software,consultancy and mobile telephones use far less oil than steel or car production.For each dollar of GDP(in constant prices)rich economies now use nearly 50%less oil than in 1973.The OECD estimates in its latest Economic Outlook that,if oil prices averaged $22 a barrel for a full year,compared with $13 in 1998,this would increase the oil import bill in rich economies by only 0.25-0.S%of GDP. That is less than one-quarter of the income loss in 1974 or 1980.On the other hand,oil-importing emerging economies一to which heavy industry has shifted一have become more energy一intensive,and so could be more seriously squeezed.One more reason not to lose sleep over the rise in oil prices is that,unlike the rises in the 1970s,it has not occurred against the background of general commodity-price inflation and global excess demand.A sizable portion of the world is only just emerging from economic decline.The Economist's commodity price index is broadly unchanging from a year ago. In 1973 commodity prices jumped by 70%,and in 1979 by almost 30%.It can be inferred from the text that the retail price of petrol will go up dramatically in Europe if______.A:price of crude risesB:commodity prices riseC:consumption risesD:oil taxes rise
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InflationBusiness and government leaders also consider the inflation rate to be an important general indicator. Inflation is a period of increased spending that causes rapid rises in prices._______(51)your money buys fewer goods so that you get_______(52)for the same amount of money as before,inflation is the problem. There is a general rise_______(53)the price of goods and services.Your money buys less.Sometimes people describe inflation as a time when"a dollar is not worth a dollar anymore".Inflation is a problem for all consumers.People who live on a fixed income are hurt the _______(54).Retired people,for instance,cannot count on an increase in income as prices rise. Elderly people who do not work face serious problems in stretching their incomes to_______(55) their needs in time of inflation.Retirement income_______(56)any fixed income usually does not rise as fast as prices.Many retired people must cut their spending to_______(57)rising prices.In many cases they must stop_______(58)some necessary items,such as food and clothing. Even _______(59)working people whose incomes are going up,inflation can be a problem. The_______(60)of living goes up,too. People who work must have even more money to keep up their standard of living. Just buying the things they need costs more.When incomes do not keep _______(61)with rising prices,the standard of living goes down.People may be earning the same amount of money,but they are not living as well because they are not able to buy as many goods and services.Government units gather information about prices in our economy and publish it as price indexes _______(62)the rate of change can be determined.A price index measures changes in prices using the price for a_______(63)year as the base.The base price is set at 100,and the other prices are reported as a_______(64)of the base price.A price index makes_______(65)possible to compare current prices of typical consumer goods,for example,with prices of the same goods in previous years._________(59)A:for B:toC:of D:if
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InflationBusiness and government leaders also consider the inflation rate to be an important general indicator. Inflation is a period of increased spending that causes rapid rises in prices._______(51)your money buys fewer goods so that you get_______(52)for the same amount of money as before,inflation is the problem. There is a general rise_______(53)the price of goods and services.Your money buys less.Sometimes people describe inflation as a time when"a dollar is not worth a dollar anymore".Inflation is a problem for all consumers.People who live on a fixed income are hurt the _______(54).Retired people,for instance,cannot count on an increase in income as prices rise. Elderly people who do not work face serious problems in stretching their incomes to_______(55) their needs in time of inflation.Retirement income_______(56)any fixed income usually does not rise as fast as prices.Many retired people must cut their spending to_______(57)rising prices.In many cases they must stop_______(58)some necessary items,such as food and clothing. Even _______(59)working people whose incomes are going up,inflation can be a problem. The_______(60)of living goes up,too. People who work must have even more money to keep up their standard of living. Just buying the things they need costs more.When incomes do not keep _______(61)with rising prices,the standard of living goes down.People may be earning the same amount of money,but they are not living as well because they are not able to buy as many goods and services.Government units gather information about prices in our economy and publish it as price indexes _______(62)the rate of change can be determined.A price index measures changes in prices using the price for a_______(63)year as the base.The base price is set at 100,and the other prices are reported as a_______(64)of the base price.A price index makes_______(65)possible to compare current prices of typical consumer goods,for example,with prices of the same goods in previous years._________(62)A:in which B:from whichC:of which D:by which
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第三篇Oil and EconomyCould the bad old days of economic decline be about to return?Since OPEC agreed to supplycuts in March,the price of crude oil has jumped to almost $26 a barrel,up from less than$10 last December. This near-tripling of oil prices calls up scary memories of the 1973 oil shock,when prices quadrupled,and 1979一1980,when they also almost tripled.Both previous shocks resulted in double-digit inflation and global economic decline.So where are the headlines warning of gloom and doom this time?The oil price was given another push up this week when Iraq suspended oil exports.Strengthening economic growth,at the same time as winter grips the northern hemisphere,could push the price higher still in the short term.Yet there are good reasons to expect the economic consequences now to be less severe than in the l970s.In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the l970s.In Europe,taxes account for up to four-fifths of the retail price,so even quite big changes in the price of crude have a more muted effect on pump prices than in the past.Rich economies are also less dependent on oil than they were,and so less sensitive to swings in the oil price.Energy conservation,a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption.Software,consultancy and mobile telephones use far less oil than steel or car production.For each dollar of GDP(inconstant prices)in rich economies now use nearly 50%less oil than in 1973.The OECD estimates in its latest Economic Outlook that,if oil prices averaged $22 a barrel for a full year,compared with$13 in 1998,this would increase the oil import bill in rich economies by only 0.25％～0.5%of GDP.That is less than one-quarter of the income loss in 1974 or 1980. On the other hand,oil-importing emerging economies一to which heavy industry has shifted一have become more energy-intensive,and so could be more seriously squeezed.One more reason not to lose sleep over the rise in oil prices is that,unlike the rises in the 1970s,it has not occurred against the background of general commodity-price inflation and global excess demand.A sizable portion of the world is only just emerging from economic decline.The Economist's commodity price index is broadly unchanging from a year ago.In 1973 commodity prices jumped by 70%,and in 1979 by almost 30%.It can be inferred from the text that the retail price of petrol will go up dramatically if_______.A:price of crude risesB:commodity prices riseC:consumption risesD:oil taxes rise
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第三篇Oil and EconomyCould the bad old days of economic decline be about to return?Since OPEC agreed to supplycuts in March,the price of crude oil has jumped to almost $26 a barrel,up from less than$10 last December. This near-tripling of oil prices calls up scary memories of the 1973 oil shock,when prices quadrupled,and 1979一1980,when they also almost tripled.Both previous shocks resulted in double-digit inflation and global economic decline.So where are the headlines warning of gloom and doom this time?The oil price was given another push up this week when Iraq suspended oil exports.Strengthening economic growth,at the same time as winter grips the northern hemisphere,could push the price higher still in the short term.Yet there are good reasons to expect the economic consequences now to be less severe than in the l970s.In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the l970s.In Europe,taxes account for up to four-fifths of the retail price,so even quite big changes in the price of crude have a more muted effect on pump prices than in the past.Rich economies are also less dependent on oil than they were,and so less sensitive to swings in the oil price.Energy conservation,a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption.Software,consultancy and mobile telephones use far less oil than steel or car production.For each dollar of GDP(inconstant prices)in rich economies now use nearly 50%less oil than in 1973.The OECD estimates in its latest Economic Outlook that,if oil prices averaged $22 a barrel for a full year,compared with$13 in 1998,this would increase the oil import bill in rich economies by only 0.25％～0.5%of GDP.That is less than one-quarter of the income loss in 1974 or 1980. On the other hand,oil-importing emerging economies一to which heavy industry has shifted一have become more energy-intensive,and so could be more seriously squeezed.One more reason not to lose sleep over the rise in oil prices is that,unlike the rises in the 1970s,it has not occurred against the background of general commodity-price inflation and global excess demand.A sizable portion of the world is only just emerging from economic decline.The Economist's commodity price index is broadly unchanging from a year ago.In 1973 commodity prices jumped by 70%,and in 1979 by almost 30%.We can draw a conclusion from the text that_______.A:oil-price shocks are less shocking nowB:inflation seems irrelevant to oil-price shocksC:energy conservation can keep down the oil pricesD:the price rise of crude leads to the shrinking of heavy industry
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第三篇Oil and EconomyCould the bad old days of economic decline be about to return?Since OPEC agreed to supplycuts in March,the price of crude oil has jumped to almost $26 a barrel,up from less than$10 last December. This near-tripling of oil prices calls up scary memories of the 1973 oil shock,when prices quadrupled,and 1979一1980,when they also almost tripled.Both previous shocks resulted in double-digit inflation and global economic decline.So where are the headlines warning of gloom and doom this time?The oil price was given another push up this week when Iraq suspended oil exports.Strengthening economic growth,at the same time as winter grips the northern hemisphere,could push the price higher still in the short term.Yet there are good reasons to expect the economic consequences now to be less severe than in the l970s.In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the l970s.In Europe,taxes account for up to four-fifths of the retail price,so even quite big changes in the price of crude have a more muted effect on pump prices than in the past.Rich economies are also less dependent on oil than they were,and so less sensitive to swings in the oil price.Energy conservation,a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption.Software,consultancy and mobile telephones use far less oil than steel or car production.For each dollar of GDP(inconstant prices)in rich economies now use nearly 50%less oil than in 1973.The OECD estimates in its latest Economic Outlook that,if oil prices averaged $22 a barrel for a full year,compared with$13 in 1998,this would increase the oil import bill in rich economies by only 0.25％～0.5%of GDP.That is less than one-quarter of the income loss in 1974 or 1980. On the other hand,oil-importing emerging economies一to which heavy industry has shifted一have become more energy-intensive,and so could be more seriously squeezed.One more reason not to lose sleep over the rise in oil prices is that,unlike the rises in the 1970s,it has not occurred against the background of general commodity-price inflation and global excess demand.A sizable portion of the world is only just emerging from economic decline.The Economist's commodity price index is broadly unchanging from a year ago.In 1973 commodity prices jumped by 70%,and in 1979 by almost 30%.The estimates in Economic Outlook show that in rich countries_______.A:heavy industry becomes more energy-intensiveB:income loss mainly results from fluctuating crude oil pricesC:manufacturing industry has been seriously squeezedD:oil price changes have no significant impact on GDP
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InflationBusiness and government leaders also consider the inflation rate to be an important general indicator. Inflation is a period of increased spending that causes rapid rises in prices._______(51)your money buys fewer goods so that you get_______(52)for the same amount of money as before,inflation is the problem. There is a general rise_______(53)the price of goods and services.Your money buys less.Sometimes people describe inflation as a time when"a dollar is not worth a dollar anymore".Inflation is a problem for all consumers.People who live on a fixed income are hurt the _______(54).Retired people,for instance,cannot count on an increase in income as prices rise. Elderly people who do not work face serious problems in stretching their incomes to_______(55) their needs in time of inflation.Retirement income_______(56)any fixed income usually does not rise as fast as prices.Many retired people must cut their spending to_______(57)rising prices.In many cases they must stop_______(58)some necessary items,such as food and clothing. Even _______(59)working people whose incomes are going up,inflation can be a problem. The_______(60)of living goes up,too. People who work must have even more money to keep up their standard of living. Just buying the things they need costs more.When incomes do not keep _______(61)with rising prices,the standard of living goes down.People may be earning the same amount of money,but they are not living as well because they are not able to buy as many goods and services.Government units gather information about prices in our economy and publish it as price indexes _______(62)the rate of change can be determined.A price index measures changes in prices using the price for a_______(63)year as the base.The base price is set at 100,and the other prices are reported as a_______(64)of the base price.A price index makes_______(65)possible to compare current prices of typical consumer goods,for example,with prices of the same goods in previous years._________(57)A:live up to B:catch up onC:put up with D:keep up with
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第三篇Oil and EconomyCould the bad old days of economic decline be about to return?Since OPEC agreed to supplycuts in March,the price of crude oil has jumped to almost $26 a barrel,up from less than$10 last December. This near-tripling of oil prices calls up scary memories of the 1973 oil shock,when prices quadrupled,and 1979一1980,when they also almost tripled.Both previous shocks resulted in double-digit inflation and global economic decline.So where are the headlines warning of gloom and doom this time?The oil price was given another push up this week when Iraq suspended oil exports.Strengthening economic growth,at the same time as winter grips the northern hemisphere,could push the price higher still in the short term.Yet there are good reasons to expect the economic consequences now to be less severe than in the l970s.In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the l970s.In Europe,taxes account for up to four-fifths of the retail price,so even quite big changes in the price of crude have a more muted effect on pump prices than in the past.Rich economies are also less dependent on oil than they were,and so less sensitive to swings in the oil price.Energy conservation,a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption.Software,consultancy and mobile telephones use far less oil than steel or car production.For each dollar of GDP(inconstant prices)in rich economies now use nearly 50%less oil than in 1973.The OECD estimates in its latest Economic Outlook that,if oil prices averaged $22 a barrel for a full year,compared with$13 in 1998,this would increase the oil import bill in rich economies by only 0.25％～0.5%of GDP.That is less than one-quarter of the income loss in 1974 or 1980. On the other hand,oil-importing emerging economies一to which heavy industry has shifted一have become more energy-intensive,and so could be more seriously squeezed.One more reason not to lose sleep over the rise in oil prices is that,unlike the rises in the 1970s,it has not occurred against the background of general commodity-price inflation and global excess demand.A sizable portion of the world is only just emerging from economic decline.The Economist's commodity price index is broadly unchanging from a year ago.In 1973 commodity prices jumped by 70%,and in 1979 by almost 30%.From the text we can see that the writer seems_______.A:optimistic B:sensitiveC:gloomy D:scared
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第三篇Oil and EconomyCould the bad old days of economic decline be about to return?Since OPEC agreed to supplycuts in March,the price of crude oil has jumped to almost $26 a barrel,up from less than$10 last December. This near-tripling of oil prices calls up scary memories of the 1973 oil shock,when prices quadrupled,and 1979一1980,when they also almost tripled.Both previous shocks resulted in double-digit inflation and global economic decline.So where are the headlines warning of gloom and doom this time?The oil price was given another push up this week when Iraq suspended oil exports.Strengthening economic growth,at the same time as winter grips the northern hemisphere,could push the price higher still in the short term.Yet there are good reasons to expect the economic consequences now to be less severe than in the l970s.In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the l970s.In Europe,taxes account for up to four-fifths of the retail price,so even quite big changes in the price of crude have a more muted effect on pump prices than in the past.Rich economies are also less dependent on oil than they were,and so less sensitive to swings in the oil price.Energy conservation,a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption.Software,consultancy and mobile telephones use far less oil than steel or car production.For each dollar of GDP(inconstant prices)in rich economies now use nearly 50%less oil than in 1973.The OECD estimates in its latest Economic Outlook that,if oil prices averaged $22 a barrel for a full year,compared with$13 in 1998,this would increase the oil import bill in rich economies by only 0.25％～0.5%of GDP.That is less than one-quarter of the income loss in 1974 or 1980. On the other hand,oil-importing emerging economies一to which heavy industry has shifted一have become more energy-intensive,and so could be more seriously squeezed.One more reason not to lose sleep over the rise in oil prices is that,unlike the rises in the 1970s,it has not occurred against the background of general commodity-price inflation and global excess demand.A sizable portion of the world is only just emerging from economic decline.The Economist's commodity price index is broadly unchanging from a year ago.In 1973 commodity prices jumped by 70%,and in 1979 by almost 30%.The main reason for the latest rise of oil price is_______.A:global inflationB:reduction in supplyC:fast growth in economyD:Iraq's suspension of exports
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InflationBusiness and government leaders also consider the inflation rate to be an important general indicator. Inflation is a period of increased spending that causes rapid rises in prices.________(51)your money buys fewer goods so that you get________(52)for the same amount of money as before,inflation is the problem. There is a general rise________(53)the price of goods and services.Your money buys less.Sometimes people describe inflation as a time when"a dollar is not worth a dollar anymore".Inflation is a problem for all consumers.People who live on a fixed income are hurt the ________(54).Retired people,for instance,cannot count on an increase in income as prices rise. Elderly people who do not work face serious problems in stretching their incomes to________(55) their needs in time of inflation.Retirement income________(56)any fixed income usually does not rise as fast as prices.Many retired people must cut their spending to________(57)rising prices.In many cases they must stop________(58)some necessary items,such as food and clothing. Even________(59)working people whose incomes are going up,inflation can be a problem.The________(60)of living goes up,too.People who work must have even more money to keep up their standard of living.Just buying the things they need costs more.When incomes do not keep________(61)with rising prices,the standard of living goes down.People may be earning the same amount of money,but they are not living as well because they are not able to buy as many goods and services.Government units gather information about prices in our economy and publish it as price indexes ________(62)the rate of change can be determined.A price index measures changes in prices using the price for a________(63)year as the base.The base price is set at 100,and the otherprices are reported as a________(64)of the base price.A price index makes________(65)possible to compare current prices of typical consumer goods,for example,with prices of the samegoods in previous years._________(56)A:or B:andC:excluding D:including
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InflationBusiness and government leaders also consider the inflation rate to be an important general indicator. Inflation is a period of increased spending that causes rapid rises in prices.________(51)your money buys fewer goods so that you get________(52)for the same amount of money as before,inflation is the problem. There is a general rise________(53)the price of goods and services.Your money buys less.Sometimes people describe inflation as a time when"a dollar is not worth a dollar anymore".Inflation is a problem for all consumers.People who live on a fixed income are hurt the ________(54).Retired people,for instance,cannot count on an increase in income as prices rise. Elderly people who do not work face serious problems in stretching their incomes to________(55) their needs in time of inflation.Retirement income________(56)any fixed income usually does not rise as fast as prices.Many retired people must cut their spending to________(57)rising prices.In many cases they must stop________(58)some necessary items,such as food and clothing. Even________(59)working people whose incomes are going up,inflation can be a problem.The________(60)of living goes up,too.People who work must have even more money to keep up their standard of living.Just buying the things they need costs more.When incomes do not keep________(61)with rising prices,the standard of living goes down.People may be earning the same amount of money,but they are not living as well because they are not able to buy as many goods and services.Government units gather information about prices in our economy and publish it as price indexes ________(62)the rate of change can be determined.A price index measures changes in prices using the price for a________(63)year as the base.The base price is set at 100,and the otherprices are reported as a________(64)of the base price.A price index makes________(65)possible to compare current prices of typical consumer goods,for example,with prices of the samegoods in previous years._________(62)A:in which B:of whichC:from which D:by which
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InflationBusiness and government leaders also consider the inflation rate to be an important general indicator. Inflation is a period of increased spending that causes rapid rises in prices.________(51)your money buys fewer goods so that you get________(52)for the same amount of money as before,inflation is the problem. There is a general rise________(53)the price of goods and services.Your money buys less.Sometimes people describe inflation as a time when"a dollar is not worth a dollar anymore".Inflation is a problem for all consumers.People who live on a fixed income are hurt the ________(54).Retired people,for instance,cannot count on an increase in income as prices rise. Elderly people who do not work face serious problems in stretching their incomes to________(55) their needs in time of inflation.Retirement income________(56)any fixed income usually does not rise as fast as prices.Many retired people must cut their spending to________(57)rising prices.In many cases they must stop________(58)some necessary items,such as food and clothing. Even________(59)working people whose incomes are going up,inflation can be a problem.The________(60)of living goes up,too.People who work must have even more money to keep up their standard of living.Just buying the things they need costs more.When incomes do not keep________(61)with rising prices,the standard of living goes down.People may be earning the same amount of money,but they are not living as well because they are not able to buy as many goods and services.Government units gather information about prices in our economy and publish it as price indexes ________(62)the rate of change can be determined.A price index measures changes in prices using the price for a________(63)year as the base.The base price is set at 100,and the otherprices are reported as a________(64)of the base price.A price index makes________(65)possible to compare current prices of typical consumer goods,for example,with prices of the samegoods in previous years._________(57)A:live up to B:catch up onC:put up with D:keep up with
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A Dell customer decided to use IBM Director and xSeries to manage their servers. They purchased 10 IBM x336 servers and they already have 75 various Dell servers. Which TWO steps need to be verified to be able to manage the mixed environment with IBM Director？（）A、Verify that the Dell systems have TCP/IP enabledB、Verify that the systems are running the IBM Director AgentC、Verify that the managed systems are SMBIOS 2.1 and WfM 2.0 compliantD、Verify that the Dell systems have at least a 1GB of memory installedE、Install an SNMP agent on the Dell systems as IBM Director cannot manage Industry Standard non-IBM servers
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问答题Directions:In this section, there is one passage followed by 5 questions. Read the passage carefully, then answer the questions in a maximum of 10 words. Remember to write the answers on the Answer Sheet. Questions 1-5 are based on the following passage. Could the bad old days of economic decline be about to return? Since OPEC agreed to supply-cuts in March, the price of crude oil has jumped to almost $26 a barrel, up from less than $10 last December. This near-tripling of oil prices calls up scary memories of the 1973 oil shock, when prices quadrupled, and 1979-1980, when they also almost tripled. Both previous shocks resulted in double-digit inflation and global economic decline. So where are the headlines warning of gloom and doom this time? The oil price was given another push up this week when Iraq suspended oil exports. Strengthening economic growth, at the same time as winter grips the northern hemisphere, could push the price higher still in the short term. Yet there are good reasons to expect the economic consequences now to be less severe than in the 1970s. In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the 1970s. In Europe, taxes account for up to four-fifths of the retail price, so even quite big changes in the price of crude have a more muted effect on pump prices than in the past. Rich economies are also less dependent on oil than they were, and so less sensitive to swings in the oil price. Energy conservation, a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption. Software, consultancy and mobile telephones use far less oil than steel or car production. For each dollar of GDP (in constant prices) rich economies now use nearly 50% less oil than in 1973. The OECD estimates in its latest Economic Outlook that, if oil prices averaged $22 a barrel for a full year, compared with $13 in 1998, this would increase the oil import bill in rich economies by only 0.25-0.5% of GDP. That is less than one-quarter of the income loss in 1974 or 1980. On the other hand, oil-importing emerging economies—to which heavy industry has shifted—have become more energy-intensive, and so could be more seriously squeezed. One more reason not to lose sleep over the rise in oil prices is that, unlike the rises in the 1970s, it has not occurred against the background of general commodity-price inflation and global excess demand. A sizable portion of the world is only just emerging from economic decline. The economist’s commodity price index is broadly unchanging from a year ago. In 1973 commodity prices jumped by 70%, and in 1979 by almost 30%. Questions: 1．What is the main reason for the latest rise of oil price? 2．What are the results of the 1970s’ oil shock? 3．It can be inferred from the text that the retail price of petrol will go up dramatically if ________. 4．According to the passage, reduction in oil consumption is due to ________, a shift to other fuels and a decline in the importance of heavy, energy-intensive industries. 5．According to the passage, compared with those in the 1970s, oil-price shocks are ________ now.
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问答题Passage 7U. S consumer prices climbed faster than expected in May, further fanning investor fears over inflation. Stock markets around the world have cracked sharply lower the past few weeks, with the Dow Jones Industrial Average losing all the ground it had gained so far this year. Japan’s stock market is down 11% on the year; gold has had its biggest slide in a decade and a half; and many emerging markets are wobbling. After Wednesday’s Consumer Price Index report from the Labor Department, which showed a 0.4 percent increase in prices for May (core inflation, which excludes food and energy, rose 0.3 percent), the stock market made a comeback. But with future interest rate hikes now starting to be priced into the market, investor fears that central bankers around the world will go overboard and continue to drive rates higher is set to further spook markets. This is no trading correction that investors have to absorb. The real risk of a jarring bear market has emerged. But while the trauma that inflation created for investors in the 1970s is still close to the surface, the sudden frenzy is misplaced. Powerful forces in the world economy continue to keep prices largely in check. Over the past decade, inflation has been a minor threat compared with brutal deflationary shocks. They started with the collapse of the Mexican peso in the mid-1990s. In 1997, much of eastern Asia’s flourishing economy was leveled. Next were Russia, Turkey and Argentina; Brazil teetered on the brink. By early 2001, Silicon Valley, the pride of the U. S. economy, was crashing, while entire sectors of the so-called New Economy disintegrated. The tech wreck may be over, but it has left a legacy of low prices. Tech companies had to dump on the market everything from fiberoptic networks to computer chips, as desperate investors struggled to raise cash. That slashed telecommunication costs at the very moment that emerging markets were producing a skilled and hungry generation of information workers. Result? The offshore outsourcing revolution and downward pressure on global production costs that keeps inflation under control. Equally powerful are the ultra-low-cost emerging-market manufacturing bases, led by China. With more than 1 billion people set to enter the urban labor markets of China, India, Brazil and Indonesia in the next 20 years, all those pressures on prices will only intensify. More immediate forces are also at work to keep prices from surging. Despite some wishful thinking, growth in Europe is slowing, not accelerating. A large part of U. S. growth has been driven by booming real estate prices. But in the past two years, the Fed has increased rates 16 times, so real estate-driven consumption is yesterday’s news. Tomorrow’s story will be the sharp fall in U. S. growth as consumers face higher mortgage costs. That dynamic could become particularly nasty, given the record level of U. S. household debt, government deficit and unequaled current-account shortfall. Investors are often caught flat-footed when markets slide. In 2001-02, deflation was the fear of the day, but few investors at the time saw the opportunity in commodities, which were going for a fraction of today’s prices. Today investors are obsessed with inflation, while government and top- tier corporate bonds are shunned. That should be telling us something. What is it? In the past few years, the central banks of Japan, the U. S. and Europe have cut interest rates so aggressively that the real cost of borrowing fell to, effectively, below zero. That spurred extraordinary amounts of debt financing by governments and corporations. But now, as the global credit cycle tightens, some of the marginal investments will quickly become unsustainable. If central bankers keep raising interest rates, deeper cracks would open in the world economy. What is really troubling markets is not inflation. It is the fear that central banks may have tightened too much, and will tighten further. If that happens, the recent market shock would be merely the precursor to a still more dramatic quake. 1. What is the situation of the world financial markets recently? What is the situation expected to be in the near future? 2. What does the author mean by “the tech wreck may be over, but it has left a legacy of low prices”? (Para.4) 3. What is the relationship between real estate market and economic growth in US in the past and in the near future? 4. According to the author, what are the “powerful forces” that can keep inflation “largely in check”?
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