BIZ English专业课试题及答案.docVIP

2005年专业试题 Words for reference: lumbering leviathan 笨重的大海怪 dissipate消散 wiper-blade 汽车雨刷 beleaguered fortress 围城 incur :招致，引起 pop up: appears suddenly I. Define the following terms in English 1. comparative advantage ： in contrary to the absolute advantage, the ability to produce one good at a lower opportunity cost than others, that is so say, because a country can produce this one by giving up less than other countries do, you can sell it or trade it to them for the goods you don’t not enjoy comparative advantage. 2. current account : refers to the monetary value of international transactions associated with transactions in goods and services, investment income, and unilateral transfers. 3. beggar-thy-neighbor policy ：以邻为壑 an international trade policy of competitive devaluations and increased protective barriers that one country institutes to gain at the expense of its trading partners. 4. replacement cost重置成本: ?? 5. limited liability： The liability of a firms owners is no more capital than they have invested in the business.有限义务：公司拥有者所负的有限义务，其数量不得超过他在股资额 II．Read the following passage and choose an appropriate sentence from the list below to fill in each of gaps in the passage. 1 – 7 D E A G H C B III. Read the article below and answer the questions that follow It refers to a notion that the revaluation of Yuan will help to cut US-China trade deficit. Yuan will depreciate if its peg to dollar is broken, for Yuan’s real value is not worth the current value or value printed on the currency. The author came to this conclusion according to a similar experience that America has with Japan. When dollar fell, U.S. trade deficit with Japan still hiked. What if the policy of Yuan’s revaluation cannot bring about the falling prices of U.S. dollars? In other words, there are no sound proofs behind the notion that the revaluation of Yuan will definitely bring about the depreciation of dollar. the author based his conclusion on the following assumptions : keeping yuan/d