The average annual cash income perperson before taxes in the USA in 1992 was ______.
A. more than $14,000
B. $200
C. $14,335
D. about $3,580
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it can be inferred from the text that the achievements by Verdi ______.
A. are too subtle to recognize.
B. defy any precise definition.
C. are the envy of his times.
D. earn him great reputation.
Although residential real estate activity makes up less than 8% of total U.S. GDP, a housing market like this one can make the difference between positive and negative growth. Most significantly, consumer spending is 66% of GDP, and the purchase of a new home tends to have an "umbrella effect" on the homeowner's spending as he has to stock it with a washer/dryer, a new big-screen TV, and maybe a swing set for the yard.
The main factor in housing's continued strength is a classic economic example of zero-sum boom: the persistent weakness everywhere else. As the 2003 recovery continues to be more forecast than reality. Falling stock prices raised investor appeal for U.S. Treasury Bonds, which in turn, allowed most interest rates to drift even lower. But there are not many signs that there's a bubble ready to burst.
December's new record in housing starts, for example, was nicely matched by the new record in new home sales. If you build it, they will buy and even if an economic pickup starts to reduce housing's relative attractiveness, there's no reason why modest economic growth and improved consumer mood can't help sustaining housing's strength. "The momentum gained from low mortgage interest rates will carry strong home sales into 2003, with an improving economy offsetting modestly higher mortgage interest rates as the year progresses", said David Lereah, chief economist at the National Association of Realtors.
Just as housing has taken up much of the economic slack for the past two years, both as a comforting investment for fretting consumers and a driver of consumer spending itself, a big bump elsewhere in the economy in 2003 could be housing's downfall. If stocks roar back this spring, capital inflows could steal from the bond market, pushing up long-term interest rates. Or Alan Greenspan and the Fed could do the same to short-term rates, as a way to hit the brakes on a recovery that is heating up too fast. In other words, if everything possible goes wrong for housing, homeowners should have plenty to compensate them in terms bf job security and income hikes.
The author draws a sharp contrast between the housing market and the rest of the economy so as to show ______.
A. the boom of real estate activity.
B. the statistics on home prices.
C. the role of housing market.
D. the degree of consumer spirits.
Part A
Directions: Read the following four texts. Answer the questions below each text by choosing A, B, C or D. (40 points)
Whoever said that victory has many fathers and defeat is an orphan, surely had never heard of the World Trade Organization (WTO). In the case of the hapless multilateral trade body and its long suffering representatives, the total failure of the opening meeting of the so called Millennium trade round has lots of people boasting of their roles in the violent physical struggle. Well. That's just brilliant. They are proud of being part of a movement that wants to wreck the most important engine of economic growth, prosperity and overall global rising living standards we have—the freedom of trade and movement of people and goods between nations.
The 135-member WTO is composed of sovereign governments wishing to further this goal and ease the settlement of international trade disputes. From the sounds emanating from Seattle, though, it would now seem the WTO has now replaced the Trilateral Commission and the Freemasons as candidate No. 1 to take over the World.
Everybody has his favorite Seattle story. The city's police chief will have plenty of time to think about his, having now resigned in disgrace over the loss of control of downtown Seattle. The Seattle business community may be more inclined to brood over theirs—the poor fools invested $9 million to attract the meeting to their fine city. What stands out more? I would nominate the union of steel workers who were marching in protest. It's an image that will boggle the mind for years to come.
The debate now is over just how effective this anti-globalist coalition will turn out to be. In the heat of the moment, it always looks as though the world as we know it is coming to an end. But the overwhelming likelihood is that we have not actually seen a replay of the anti Vietnam War movement, which had much clearer focus, obviously, though its consequences were far-reaching. How long, after all, can you protest against cheap imports when those same imports are all over your house?
No, the real reason for the disaster in Seattle is political, and reports coming out of the meeting point to President Clinton as a major culprit, which may be both good and bad. Taking the long view, other trade rounds have had difficult beginnings, too. It took years to get the Uruguay Round under way, which finally happened in 1986. Thankfully, we will soon be electing another president, and it should be someone whose actions match his rhetoric.
Still, it is a disgrace that the world's greatest trading nation, i.e. the United States, is currently led by a man whose motivations are so narrowly political and egocentric that he has now wrecked any chance of entering the history books as a champion of free trade.
The statement "victory has many fathers and defeat is an orphan" (Para. 1) is used to introduce ______.
A. the victory of suffering representatives.
B. the failure of WTO's opening meeting.
C. the role of international free trade.
D. the dynamics of economic growth.
下列各项中,按照印花税有关规定,表述正确的有()。A.纳税人对印花税的纳税凭证没有按国家规定期限下列各项中,按照印花税有关规定,表述正确的有()。
A. 纳税人对印花税的纳税凭证没有按国家规定期限保存的,由税务机关责令限期改正,并可处以2000元以下的罚款;若情节严重的,可处以2000元以上1万元以下的罚款
B. 电子形式签订的各类应税凭证,也应该贴花
C. 凡多贴印花税票者,不可申请退税,但可申请下期抵扣
D. 财产租赁合同的计税依据为租赁金额,应纳税额超过1角但不足l元的,按1元贴花
E. 已贴花的凭证,修改后所载金额增加的,其增加部分应补贴花