(一)GovernmentPoliciesandEconomy阅读材料,回答下列的问题。Whilehewasoffonhisl978tour,Amer

发布时间:2021-01-07 14:30:05

共享题干题                                                                 (一)                                                       Government Policies and Economy阅读材料,回答下列的问题。       While he was off on his l978 tour,Americans were being disgusted with their lot as all“emerging second—class nation”,Wilson says.They began to see that incentives had to be restored to the economy.For instance,the capital gains tax was cut,an extraordinary turn—about.If it had been predicted before he went away in May,he would have said it was simply inconceivable as inconceivable as the prospect of Resorts going up1,000 percent.    This momentous transformation in the U.S.should soon bring about a huge bull market. In the l940s and l950s,the last time price earning multiples were at these low levels,the investing public expected that there would be another great postwar depression.Instead,aRer the beginning of l953 it became apparent that there would not be one,and price-earnings multiples got so low this time that investors felt that the country was drifting into socialism.That drift,however,may be reversing direction.    Wilson believes that the bankruptcy of New York City means the discrediting of big government,that as a result there will be less government,and that things in general will go much better.From l980’s depressed levels the market could rise to twenty times doubled earnings or almost fivefold in five to seven years.Wilson believes that he’ll be worth hundreds of millions of dollars before it’s over.1.[不定向选择题]From the passage, we can infer that__________.A.high price-earning multiples may cause bull markets B.low price-earning multiples may cause depression C.low price-earning multiples cause drifting to socialism D.low price-earning multiples cause drifting to capitalism 2.[不定向选择题]From paragraph l,we can infer that Resorts is__________.A.a pany that involves many capital gains B.a pany that has little hope of rapid growth C.a pany that benefited from capital gains tax D.a pany that stimulates the economy

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1.参考答案:B
参考解析:根据第三段,如果价格盈余率过低,投资人就会担心出现经济萧条。因此可推断,过低的价格盈余率会引起经济萧条。
2.参考答案:B
参考解析:在五月份之前,人们认为Resorts公司增长l000%和税收改革同样是不可能的事。因此可推断,这家公司原来是没有希望迅速发展的。3.[不定向选择题]Wilson uses the phrase“emerging second—class nation”to mean that__________.A.rich people are heavily taxed B.rich people are not very rich C.poor people will get rich D.poor people share rich people's money
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