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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 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

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参考答案

【正确答案:B】

细节题。答题依据是第一段第二句话:Since OPEC agreed to supply-cuts in March, the price ofcrude oil has jumped to almost $ 26 a barrel, up from less than $ 10 last December. (自从石油输出国组织在3月决定减少原油供应以来,原油的价格已从去年12月的不到10美元一桶上涨到约26美元一桶)。由此可知,B选项为正确答案。

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