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The theory of purchasing power parity states that exchange rates between any two currencie

s will adjust to reflect changes in ______.

A.the price levels of the two countries

B.the current account balances of the two countries

C.the fiscal policies of the two countries

D.the trade balances of the two countries

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更多“The theory of purchasing power…”相关的问题
第1题
New measurements taken from sleeping people explain,at least in part,why dreams tend
to have such bizarre but vivid storylines.The findings deal a blow to the Freudian interpretation of dreams but leave open the possibility that some useful personal meaning can be extracted from them.The main purpose of dreams,however,the authors of the new study believe,is to test whether the brain has had enough sleep and,if so,to wake it up.The new results show that in sleep,the frontal lobes of the brain are shut down.In the absence of activity in these lobes,which integrate other information and make sense of the outside world,the sleeping brain's images are driven by its emotional centers.The content of these dreams may be vivid and gripping but lacks coherence.The new results are consistent with the theory that memories are consolidated during sleep.From the pattern of activity that was recorded,"it seems that memories already in the system are being read out and filed in terms of their emotional salience,with is an extremely interesting idea,"said Dr.J.Allan Hobson of Harvard Medical School.The new measurements were made by applying the technique known as PET scanning to sleeping subjects.The biologists focused on the two forms of sleep,known as slow-wave sleep and REM sleep.REM sleep,so named because of the rapid eyeball movements that occur then,takes palce about four times during the night and is the phase from which the most vivid dreams are recalled.

问题:Accoding to this study,the purpose of the dreams is to ()

A、test if the brain has had enough sleep

B、show the dreams bizarre but vivid storylines

C、prove the correctness of the Freudian interpretation of dreams

D、extract some useful personal meanings from the dreams

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第2题
In recent years, railroads have been combining with each other, merging into supersyst
ems, causing heightened concerns about monopoly. As recently as 1995, the top four railroads accounted for under 70 percent of the total ton-miles moved by rails. Next year, after a series of mergers is completed, just four railroads will control well over 90 percent of all the freight moved by major rail carriers.

Supporters of the new supersystems argue that these mergers will allow f or substantial cost reductions and better coordinated service. Any threat of monopoly, they argue, is removed by fiercecompetition from trucks. But many shippers complain that for heavy bulk commodities traveling long distances, such as coal, chemicals, and grain, trucking is too costly and the railroads therefore have them by the throat. The vast consolidation within the rail industry means that most shippers are served by only one rail company. Railroads typically charge such "captive" shippers 20 to 30 percentmore than they do when another railroad is competing for the business. Shippers who feel they are being overcharged have the right to appeal to the federal government’s SurfaceTransportation Board for rate relief, but the process is expensive, time-consuming, and will work only in truly extreme cases.

Railroads justify rate discrimination against captive shippers on the grounds that in the long run it reduces everyone’s cost. If railroads charged all customers the same average rate, they argue, shippers who have the option of switching to trucks or other forms of transportation would do so, leaving remaining customers to shoulder the cost of keeping up the line. It’s a theory to which many economists subscribe, but in practice it often leaves railroads in the position of determining which companies will flourish and which will fail. "Do we really want railroads to be the arbiters of who wins and who loses in the marketplace?" asks Martin Bercovici, a Washington lawyer who frequently represents shippers.

Many captive shippers also worry they will soon be hit with a round of huge rate increases. The railroad industry as a whole, despite its brightening fortunes, still does not earn enough to cover the cost of the capital it must invest to keep up with its surging traffic. Yet railroads continue to borrow billions to acquire one another, with Wall Street cheering them on. Consider the $10.2 billion bid by Norfolk Southern and CSX to acquire Conrail this year. Conrail’s net railway operating income in 1996 was just $427 million, less than half of the carrying costs of the transaction. Who’s going to pay for the rest of the bill? Many captive shippers fear that they will, as Norfolk Southern and CSX increase their grip on the market.

1. According to those who support mergers, railway monopoly is unlikely because ().

A.cost reduction is based on competition

B.services call for cross-trade coordination

C.outside competitors will continue to exist

D.shippers will have the railway by the throat

2. What is many captive shippers’ attitude towards the consolidation in the rail industry?

A.Indifferent.

B.Supportive.

C.Indignant.

D.Apprehensive.

3. It can be inferred from Paragraph 3 that ().

A.shippers will be charged less without a rival railroad

B.there will soon be only one railroad company nationwide

C.overcharged shippers are unlikely to appeal for rate relief

D.a government board ensures fair play in railway business

4. The word "arbiters" (Line 7, Paragraph 4) most probably refers to those ().

A.who work as coordinators

B.who function as judges

C.who supervise transactions

D.who determine the price

5. According to the text, the cost increase in the rail industry is mainly caused by ().

A.the continuing acquisition

B.the growing traffic

C.the cheering Wall Street

D.the shrinking market

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第3题
In the United States, a person can take credit only for what he has accomplished by hims
elf. Americans get no credit whatsoever for having been born into a rich or privileged family. (In the United States, that would be considered “an accident of birth.”) Americans pride themselves in having been born poor and, through their own hard work, having climbed the difficult ladder of success to whatever level they have achieved--all by themselves. The American social system has, of course, made it possible for Americans to move, relatively easily, up the social ladder, whereas this is impossible to do in many other countries. The “self-made man or woman” is still very much the ideal in present-day America. Americans believe that competition brings out the best in any individual. They claim that it challenges or forces each person to produce the very best that is humanly possible. Consequently, the foreign visitor will see if you come from competition being fostered in the American home and in the American classroom, even at the youngest level. You may find the value placed on the competition disagreeable, especially if you come from a society that promote cooperation rather than competition among individuals. But Americans teaching in Third World countries find the lack of competitiveness in a classroom situation equally distressing. They soon learn that what they had thought to be one of the universal human characteristics represented only a peculiarly American (or Western) value.

Americans, valuing competition, have devised an economic system to go with-free enterprise. Americans feel very strongly that a highly competitive economy will bring out the best in its people and ultimately, that the society which fosters competition will progress most rapidly. If you look for it, you will see evidence in all areas--in all fields as diverse as medicine, the arts, education, and sports--that free enterprise is the approach most often preferred in America.

16. What does the author mean by saying “The ‘self-made man or woman’ is still very much the ideal in present-day America”?

A. Americans no longer respect those who are born rich as they used to.

B. Americans still respect those who have climbed up the social ladder through hard work.

C. Americans think that an ideal man or woman should be born poor.

D. Americans think that only the self-made man or woman is worthy of respect.

17. What does the author think of the American social system?

A. It is a system that does not favor those who are born rich.

B. It is a system that makes social climbing very difficult, if not impossible.

C. It makes it comparatively easy for the poor to move up the social ladder.

D. It is the best system possible in the world

18. Americans teaching in Third World countries found that ___.

A. competition is a unique American (or Western ) value

B. competition must be fostered in the classroom for success in business

C. cooperation is more important than competition in bringing about progress

D. competition is one of the universal human characteristics

19. We can infer from the passage that free enterprise is ____.

A. an economic system allowing free competition among businesses

B. a belief that competition brings out the best in any individual

C. an attitude that values competition rather than cooperation

D. a theory that advocates competition as the source of all progress

20. Americans would most likely frown at you if you ____.

A. complain that you were born poor and had had no opportunities

B. tell then you were born poor and had to work with your hands

C. go around telling people that your father is a self-made man

D. tell them that their social system is not necessarily the best

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