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  • 阅读理解A
    题干:Couldthebadolddaysofeconomicdeclinebeabouttoreturn?SinceOPECagreedtosupply-cutsinMarch,thepriceofcrudeoilhasjumpedtoalmost$26abarrel,upfromlessthan$10lastDecember.Thisnear-triplingofoilpricescallsupscarymemoriesofthe1973oilshock,whenpricesquadrupled,and1979-1980,whentheyalsoalmosttripled.Bothpreviousshocksresultedindouble-digitinflationandglobaleconomicdecline.Sowherearetheheadlineswarningofgloomanddoomthistime?TheoilpricewasgivenanotherpushupthisweekwhenIraqsuspendedoilexports.Strengtheningeconomicgrowth,atthesametimeaswintergripsthenorthernhemisphere,couldpushthepricehigherstillintheshortterm.Yettherearegoodreasonstoexpecttheeconomicconsequencesnowtobelessseverethaninthe1970s.Inmostcountriesthecostofcrudeoilnowaccountsforasmallershareofthepriceofpetrolthanitdidinthe1970s.InEurope,taxesaccountforuptofour-fifthsoftheretailprice,soevenquitebigchangesinthepriceofcrudehaveamoremutedeffectonpumppricesthaninthepast.Richeconomiesarealsolessdependentonoilthantheywere,andsolesssensitivetoswingsintheoilprice.Energyconservation,ashifttootherfuelsandadeclineintheimportanceofheavy,energy-intensiveindustrieshavereducedoilconsumption.Software,consultancyandmobiletelephonesusefarlessoilthansteelorcarproduction.ForeachdollarofGDP(inconstantprices)richeconomiesnowusenearly50%lessoilthanin1973.TheOECDestimatesinitslatestEconomicOutlookthat,ifoilpricesaveraged$22abarrelforafullyear,comparedwith$13in1998,thiswouldincreasetheoilimportbillinricheconomiesbyonly0.25%-0.5%ofGDP.Thatislessthanone-quarteroftheincomelossin1974or1980.Ontheotherhand,oil-importingemergingeconomies-towhichheavyindustryhasshifted-havebecomemoreenergy-intensive,andsocouldbemoreseriouslysqueezed.Onemorereasonnottolosesleepovertheriseinoilpricesisthat,unliketherisesinthe1970s,ithasnotoccurredagainstthebackgroundofgeneralcommodity-priceinflationandglobalexcessdemand.Asizableportionoftheworldisonlyjustemergingfromeconomicdecline.TheEconomist'scommoditypriceindexisbroadlyunchangingfromayearago.In1973commoditypricesjumpedby70%,andin1979byalmost30%.
    题目: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

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【正确答案:D】

推理题。第四段第五句提到,国际经合组织在最近一期的《经济展望》中估计, 如果油价持续一年维持在22美元左右,与19?年的13美元一桶相比,这也只会使发达国家的石油进口在支出上增加GDP的0.25%~0.5%。可见,石油价格的变化对GDP的影响不大,故D选项为正确答案。

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