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  • 阅读理解A
    题干:Inrecentyears,railroadshavebeencombiningwitheachother,mergingintosupersystems,causingheightenedconcernsaboutmonopoly.Asrecentlyas1995,thetopfourrailroadsaccountedforunder70percentofthetotalton-milesmovedbyrails.Nextyear,afteraseriesofmergersiscompleted,justfourrailroadswillcontrolwellover90percentofallthefreightmovedbymajorrailcarriers.Supportersofthenewsupersystemsarguethatthesemergerswillallowforsubstantialcostreductionsandbettercoordinatedservice.Anythreatofmonopoly,theyargue,isremovedbyfiercecompetitionfromtrucks.Butmanyshipperscomplainthatforheavybulkcommoditiestravelinglongdistances,suchascoal,chemicals,andgrain’truckingistoocostlyandtherailroadsthereforehavethembythethroat.Thevastconsolidationwithintherailindustrymeansthatmostshippersareservedbyonlyonerailcompany.Railroadstypicallychargesuch“captive”shippers20to30percentmorethantheydowhenanotherrailroadiscompetingforthebusiness.Shipperswhofeeltheyarebeingoverchargedhavetherighttoappealtothefederalgovernment'sSurfaceTransportationBoardforraterelief,buttheprocessisexpensive,timeconsuming,andwillworkonlyintrulyextremecases.Railroadsjustifyratediscriminationagainstcaptiveshippersonthegroundsthatinthelongrunitreduceseveryone'scost.Ifrailroadschargedallcustomersthesameaveragerate,theyargue,shipperswhohavetheoptionofswitchingtotrucksorotherformsoftransportationwoulddoso,leavingremainingcustomerstoshoulderthecostofkeepinguptheline.It'satheorytowhichmanyeconomistssubscribe,butinpracticeitoftenleavesrailroadsinthepositionofdeterminingwhichcompanieswillflourishandwhichwillfail.“Dowereallywantrailroadstobethearbitersofwhowinsandwholosesinthemarketplace?”asksMartinBercovici,aWashingtonlawyerwhofrequentlyrepresentsshippers.Manycaptiveshippersalsoworrytheywillsoonbehitwitharoundofhugerateincreases.Therailroadindustryasawhole,despiteitsbrighteningfortunes,stilldoesnotearnenoughtocoverthecostofthecapitalitmustinvesttokeepupwithitssurgingtraffic.Yetrailroadscontinuetoborrowbillionstoacquireoneanother,withWallStreetcheeringthemon.Considerthe$10.2billionbidbyNorfolkSouthernandCSXtoacquireConrailthisyear.Conrail'snetrailwayoperatingincomein1996wasjust$427million,lessthanhalfofthecarryingcostsofthetransaction.Who'sgoingtopayfortherestofthebill?Manycaptiveshippersfearthattheywill,asNorfolkSouthernandCSXincreasetheirgriponthemarket.
    题目:The word “arbiters” ( Line 6,Para.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

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参考答案

【正确答案:B】

词汇题。"arbiter"的意思是“仲裁者”,可以通过上下文猜测到这个含义。这个词出现在第四段最后一句, 其实它要表述的内容已在前一句体现了 :“…,but in practice it often leavesrailroads in the position of determining which companies will flourish and which will fail”。由此,我们可以猜测出“arbiter”指的是“those who are in the position of determining something”。B 选项符合文意。

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