首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
Could the bad old days of economic decline be about to return? Since OPEC agreed to supply-cuts in March, the price of crude oil
Could the bad old days of economic decline be about to return? Since OPEC agreed to supply-cuts in March, the price of crude oil
admin
2017-07-09
46
问题
Could the bad old days of economic decline be about to return? Since OPEC agreed to supply-cuts in March, the price of crude oil has jumped to almost $ 26 a barrel, up from less than $ 10 last December. This near-tripling of oil prices calls up scary (可怕的) memories of the 1973 oil shock, when prices quadrupled (成四倍) , and 1979—1980, when they also almost tripled. Both previous shocks resulted in double-digit inflation and global economic decline. So where are the headlines warning of gloom and doom this time?
The oil price was given another push up this week when Iraq suspended oil exports. Strengthening economic growth, at the same time as winter grips the northern hemisphere, could push the price higher still in the short term.
Yet there are good reasons to expect the economic consequences now to be less severe than in the 1970s. In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the 1970s. In Europe, taxes account for up to four-fifths of the retail price, so even quite big changes in the price of crude have a more muted(温和的) effect on pump prices than in the past.
Rich economies are also less dependent on oil than they were, and so less sensitive to swings (摆动) in the oil price. Energy conservation(节约) , a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption. Software, consultancy and mobile telephones use far less oil than steel or car production. For each dollar of GDP (in constant prices) rich economies now use nearly 50% less oil than in 1973. The OECD estimates in its latest Economic Outlook that, if oil prices averaged $ 22 a barrel for a full year, compared with $ 13 in 1998, this would increase the oil import bill in rich economies by only 0. 25% -0.5% of GDP. That is less than one-quarter of the income loss in 1974 or 1980. On the other hand, oil-importing emerging economies — to which heavy industry has shifted — have become more energy-intensive, and so could be more seriously squeezed.
One more reason not to lose sleep over the rise in oil prices is that, unlike the rises in the 1970s, it has not occurred against the background of general commodity-price inflation and global excess demand. A sizable portion of the world is only just emerging from economic decline. The Economist’s commodity price index is broadly unchanging from a year ago. In 1973 commodity prices jumped by 70% , and in 1979 by almost 30%.
It can be inferred from the text that the retail price of petrol will go up dramatically if_________.
选项
A、price of crude rises
B、commodity prices rise
C、consumption rises
D、oil taxes rise
答案
D
解析
推理题。本题的答题依据在第三段。该段指出,原油价格只占汽油零售价格的一小部分,其大部分是税收,因此原油价格的变动对汽油价格影响不大。由此可推知,影响汽油价格的主要因素是税收,D项为正确答案。
转载请注明原文地址:https://jikaoti.com/ti/ytr7FFFM
0
考研英语一
相关试题推荐
Americansareproudoftheirvarietyandindividuality,yettheyloveandrespectfewthingsmorethanauniform,whetheritis
Asayoungbondtrader,Buttonwoodwasgiventwopiecesofadvice,tradingrulesofthumb,ifyouwill:thatbadeconomicnewsi
【F1】WiththeextensionofdemocraticrightsinthefirsthalfofthenineteenthcenturyandtheensuingdeclineoftheFederalis
ItishardtopinpointthedateatwhichAmericansdevelopedanIndian—orperhapsBritishfatalismaboutthedecliningqualityo
ItishardtopinpointthedateatwhichAmericansdevelopedanIndian—orperhapsBritishfatalismaboutthedecliningqualityo
WhenCongresspassedtheAgeDiscriminationinEmploymentAct,itgaveolderAmericansabroadrighttosuefordiscrimination.
WhenCongresspassedtheAgeDiscriminationinEmploymentAct,itgaveolderAmericansabroadrighttosuefordiscrimination.
随机试题
下列地址中,有效的组播地址包括()。Ⅰ.127.1.1.1Ⅱ.130.251.24.32Ⅲ.232.152.49.18
求由方程y—xey=2所确定的隐函数在x=0处的导数.
A.偏向患侧B.偏向健侧C.先偏向患侧后复正常D.不偏E.开口型歪曲关节盘附着松弛()
采用合格制资格审查的优缺点有()。
收益法,是根据土地收益求取土地价值,根据建筑物的收益求取建筑物的价值,或根据房地收益求取房地价值。但当需要利用土地与地上建筑物共同产生的收益单独求取土地的价值或建筑物的价值时,则要采用()。
对于计算城镇燃气管道的计算流量,应按()来计算。
依据FIDIC《施工合同条件》规定,指定分包商的特点表现为( )。
睡眠不足是引起工作事故的众所周知的原因。许多医生经常连续24小时或更长时间不睡觉,然而在同事之间做的常规检查中,这些医生很少有被诊断为睡眠不足。因此没有理由担心习惯性睡眠不足会导致广泛的医疗事故。对下列哪个问题的回答最有助于评价上面的论述?()
2012年4月末,人民币贷款余额57.93万亿元,同比增长15.4%,分别比上月末和上年同期低0.3和2.1个百分点。分部门看,住户贷款增加1421亿元,其中,短期贷款增加793亿元,中长期贷款增加628亿元:非金融企业及其他部门贷款增加5351亿元,其中
Amajorreasonforconflictintheanimalworldisterritory.Themaleanimalestablishesanarea.Thesizeoftheareaissuffi
最新回复
(
0
)