专四专八好课
经典
专四备考规划
0元
专四水平测试
5分钟
英语专四全程班
特惠
专八备考规划
0元
专八水平测试
5分钟
英语专八全程班
特惠
零基础英语速升
考研好课特惠
介绍
资料下载
精选1000+
新东方在线专四专八频道给大家整理的相关内容,希望能够对大家的专四专八考试备考有所帮助,更多有关专四专八的备考内容,欢迎随时关注新东方在线专四专八频道。
Could the bad olddays of economic decline be about to return? Since OPEC agreed to supply-cutsin March, the price of crude oil has jumped to almost $26 a barrel, up fromless than $10 last December. This near-tripling of oil prices calls up scarymemories of the 1973 oil shock, when prices quadrupled, and 1979-1980, whenthey also almost tripled. Both previous shocks resulted in double-digitinflation and global economic decline. So where are the headlines warning ofgloom and doom this time?
The oil price was given another push up this week when Iraqsuspended oil exports. Strengthening economic growth, at the same time aswinter grips the northern hemisphere, could push the price higher still in theshort term。
Yet there are good reasons to expect the economic consequences nowto be less severe than in the 1970s. In most countries the cost of crude oilnow accounts for a smaller share of the price of petrol than it did in the1970s. In Europe, taxes account for up to four-fifths of the retail price, soeven quite big changes in the price of crude have a more muted effect on pumpprices than in the past。
Rich economies are also less dependent on oil than they were, andso less sensitive to swings in the oil price. Energy conservation, a shift toother fuels and a decline in the importance of heavy, energy-intensiveindustries have reduced oil consumption. Software, consultancy and mobiletelephones use far less oil than steel or car production. For each dollar ofGDP (inconstant prices) rich economies now use nearly 50% less oil than in1973. The OECD estimates in its latest Economic Outlook that, if oil pricesaveraged $22 a barrel for a full year, compared with $13 in 1998, this wouldincrease the oil import bill in rich economies by only 0.25-0.5% of GDP. Thatis 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 moreenergy-intensive, and so could be more seriously squeezed。
One more reason not to lose sleep over the rise in oil prices isthat, unlike the rises in the 1970s, it has not occurred against the backgroundof general commodity-price inflation and global excess demand. A sizableportion of the world is only just emerging from economic decline. TheEconomist's commodity price index is broadly unchanging from a year ago. In1973 commodity prices jumped by 70%, and in 1979 byalmost 30%。
31. The main reason for the latest rise of oil price is
[A]global inflation.
[B]reduction in supply。
[C]fast growth in economy.
[D]Iraq's suspension of exports。
32. It can be inferred from the text that the retail price ofpetrol will go up dramatically if
[A]price of crude rises.
[B]commodity prices rise。
[C]consumption rises.
[D]oil taxes rise。
33. The estimates in Economic Outlook show that in rich countries
[A]heavy industry becomes more energy-intensive。
[B]income loss mainly results from fluctuating crude oil prices。
[C]manufacturing industry has been seriously squeezed。
[D]oil price changes have no significant impact on GDP。
34. We can draw a conclusion from the text that
[A]oil-price shocks are less shocking now。
[B]inflation seems irrelevant to oil-price shocks。
[C]energy conservation can keep down the oil prices。
[D]the price rise of crude leads to the shrinking of heavy industry。
35. From the text we can see that the writer seems
[A]optimistic.
[B]sensitive.
[C]gloomy.
[D]scared。
以上就是新东方在线专四专八频道给大家整理的相关内容,希望对大家有所帮助,更多备考内容,欢迎随时关注新东方在线专四专八频道。
专四专八精选好课 暖心助学
新东方好老师 手把手带学
本文关键字: 2023年专四阅读理解
资料下载
专八听力训练:时政短语热点【word版】
发布时间:2020-04-01关注新东方在线服务号
回复【专八听力】获取
专八翻译模拟练习题总结
发布时间:2020-04-01关注新东方在线服务号
回复【专八翻译】获取
专四专八写作必备高级词汇
发布时间:2020-04-01关注新东方在线服务号
回复【专八作文】获取
专四听力听写练习50篇文本文档
发布时间:2020-04-01关注新东方在线服务号
回复【专四听力】获取
2021专四写作高级范文15篇集锦
发布时间:2020-04-01关注新东方在线服务号
回复【专四写作】获取
专八基础词汇积累完整版(169页全)
发布时间:2019-12-26关注新东方在线服务号
回复【专八词汇】获取
英语专业四级词汇PDF电子版
发布时间:2019-12-26关注新东方在线服务号
回复【专四词汇】获取
近十年专八真题答案及听力原文
发布时间:2019-12-26关注新东方在线服务号
回复【专八真题】获取
近十年专四真题答案及听力原文
发布时间:2019-12-26关注新东方在线服务号
回复【专四真题】获取
关注新东方在线服务号
关注新东方在线服务号,
免费获取专四专八必看干货资料
推荐阅读
更多>>新东方在线专四专八频道给大家整理的2024年英语专业四级备考指导(10),希望能够对大家的专四专八考试备考有所帮助,更多有关专四专八
来源 : 网络 2024-05-16 16:56:06 关键字 : 英语专业四级攻略
新东方在线专四专八频道给大家整理的2024年英语专业四级备考指导(9),希望能够对大家的专四专八考试备考有所帮助,更多有关专四专八的
来源 : 网络 2024-05-16 16:55:33 关键字 : 英语专业四级攻略
新东方在线专四专八频道给大家整理的2024年英语专业四级备考指导(8),希望能够对大家的专四专八考试备考有所帮助,更多有关专四专八的
来源 : 网络 2024-05-16 16:55:05 关键字 : 英语专业四级攻略
新东方在线专四专八频道给大家整理的2024年英语专业四级备考指导(7),希望能够对大家的专四专八考试备考有所帮助,更多有关专四专八的
来源 : 网络 2024-05-16 16:54:38 关键字 : 英语专业四级攻略
新东方在线专四专八频道给大家整理的2024年英语专业四级备考指导(6),希望能够对大家的专四专八考试备考有所帮助,更多有关专四专八的
来源 : 网络 2024-05-16 16:54:13 关键字 : 英语专业四级攻略
精彩课程推荐
更多>>直录播结合,知识点精讲,好老师带学,带你稳稳走好备考路
火热报名
直录播精讲互动二合一,新东方好老师全程带学不迷茫!
火热报名
资料下载
更多>>关注新东方在线服务号
回复【专八听力】获取
关注新东方在线服务号
回复【专八翻译】获取
关注新东方在线服务号
回复【专八作文】获取
关注新东方在线服务号
回复【专四听力】获取
关注新东方在线服务号
回复【专四写作】获取
关注新东方在线服务号
回复【专八词汇】获取
关注新东方在线服务号
回复【专四词汇】获取
关注新东方在线服务号
回复【专八真题】获取
关注新东方在线服务号
回复【专四真题】获取
阅读排行榜
相关内容