The real-estate broker the author knows is talented in home redecoration.A.YB.NC.NG
The real-estate broker the author knows is talented in home redecoration.
A.Y
B.N
C.NG
The real-estate broker the author knows is talented in home redecoration.
A.Y
B.N
C.NG
A.A.I’m brok
B.B.Where are you taking me?
C.C.It"s my treat.
D.D.You treated me last tim
E.E.
A.a free and [air parliamentary election
B.national stability and security
C.tile fight against drag trade
D.tile fight against terrorism
___in the crash, he won't participate in the race.
A.His broken leg
B.His leg is broken
C.His leg having been broken
D.His leg being broken
Why are you late for work?
A) I didn't know why.
B) I will do my best.
C) My car broke down on the highway.
D) I had a wonderful time.
A.led
B.leading
C.has led
D.being led
From the passage we can infer that ______.
A.the real-estate developers have broken their original contracts of construction with senior retirees
B.a life in the downtown city is expensive, and most of those retirees who moved back into the city are very well-off
C.with more older people living in the city, the city will become gray and less beautiful
D.very soon the American suburban areas will face their low population crisis
【D5】
DONALD: LET" S EAT OUT, SHALL WE? DEBRA:【D5】______I" VE GONE THROUGH MY PAYCHECK FOR THE WEEK ALREADY. DONALD: DON" T WORRY ABOUT IT. 【D6】______ DEBRA: YOU"RE SURE? YOU"RE SO GENEROUS! DONALD: AND NICE, TOO. DEBRA: SO, 【D7】______ DONALD: SOME PLACE YOU" VE NEVER BEEN BEFOR
E. DONALD"S KITCHE
N. A. I"M BROK
E.
B. WHERE ARE YOU TAKING ME?
C. IT"S MY TREAT.
D. YOU TREATED ME LAST TIM
E.
【D6】
DONALD: LET" S EAT OUT, SHALL WE? DEBRA:【D5】______I" VE GONE THROUGH MY PAYCHECK FOR THE WEEK ALREADY. DONALD: DON" T WORRY ABOUT IT. 【D6】______ DEBRA: YOU"RE SURE? YOU"RE SO GENEROUS! DONALD: AND NICE, TOO. DEBRA: SO, 【D7】______ DONALD: SOME PLACE YOU" VE NEVER BEEN BEFOR
E. DONALD"S KITCHE
N. A. I"M BROK
E.
B. WHERE ARE YOU TAKING ME?
C. IT"S MY TREAT.
D. YOU TREATED ME LAST TIM
E.
"The international community do have In do more for the stability of this country. It's very important that you have country-wide a police force which has the confidence of the people," German parliamentarian Elmer
Brok told reporters in Kabul on Saturday.
"With police and a functional judiciary system, you can have a positive long term development. Only if we have this feeling of security you can get investment from inside and outside Afghanistan."
But Brok added that he thought the county's first post Taliban par liamentary polls, to be held in September, would he "free and fair".
"It's a crucial step and I think it will be a success," he said.
Parliamentarians also spoke out against narcotics production in Afghanistan, the world's largest producer of opium. British parliamentarian Nirj Deva linked the fight against terrorism to combating the drug trade, which he said finances terrorist activities.
"The fight against terrorism also means the fight against drugs," he said.
Fighters from the ousted Taliban regime have stepped up attacks in the south and east of Afghanistan in recent months ahead of landmark parliamentary elections.
More than 600 people—mostly militants, but also civilians and around 50 American soldiers—have died in the violence since tike begin ning of this year.
European Union parliamentarians have a/an ______toward the coming parliamentary election in Afghanistan.
A.indifferent
B.optimistic
C.pessimistic
D.uncertain
So, what should be done to stimulate consumer spending? World-renowned economist Paul Krugman argues that the public should be encouraged to expect inflation. His theory is based on psychology: Consumers tend to increase spending if they expect inflation, and cut spending if they anticipate deflation.
In my opinion, though, this psychology applies only to real estate. During the bubble economy, land prices in and around Japan's six largest cities soared at an annualized 23.2 percent. In five years starting in fiscal 1985, land prices in the same area grew 2.8 times. In such a situation, people naturally rushed to obtain mortgages and buy homes. Land prices started falling in fiscal 1991. During the subsequent recession, prices in and around the six largest cities plunged 33 percent, or an annualized 10.2 percent, from fiscal 1990. The plunge led to a sharp depreciation in real-estate values, causing potential home buyers to expect further drops. This dampened real-estate transactions and touched off a chain reaction in price declines.
Such a scenario, however, is unlikely with the new generation of high-tech products such as personal computers, digital cameras and DVD systems. These products command surprisingly high prices when they debut, but mass production causes prices to drop by more than half within several years. Consumers expect deflation over the years for new high-tech products, which often sell out at first due to strong demand.
Real-estate prices are based on asset value (present value incorporating future gains) while consumer-product prices are based on utility value (value of convenience and satisfaction obtained from using the products ). Consumers buy new digital cameras for their convenience and new features. Thus expectations of future price drops are unlikely to discourage them from making purchases. Expectations of inflation do cause people to rush to buy real estate, but there is no significant correlation between consumer spending and expectations of inflation. However, should expectations of inflation cause a benign cycle of inflation and a strong rise in real-estate prices, the "asset effect" can lead to an increase in consumer spending.
In this passage the author tries to______.
A.criticize Paul Krugman for omitting some crucial points in his theory.
B.explain the recession in the consumer-product in Japan.
C.bring up a theory concerning the consumer behavior.
D.cast some light on how to pull Japan out of the recession in the consumer-product.
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