Supply and demand is perhaps one of the most basic concepts of economics and it is the backbone of a market economy. Demand refers to how much of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain goods producers are willing to supply when receiving a certain price. The relationship between price and how much of a goods or service is supplied to the market is known as the supply relationship. Price, therefore, is a reflection of supply and demand.

   The law of demand states that, if all other factors remain equal, the higher the price of a product, the fewer people will demand that product. The amount of goods that buyers purchase at a higher price is less as the price of a product goes up, so does the opportunity cost of buying that product.

   Like the law of demand, the law of supply shows the quantities that will be sold at a certain price. But unlike the law of demand, the supply relationship shows an upward slope. This means that the higher the price, the higher the quantity supplied. Producers supply more at a higher price because selling a higher quantity at a higher price increases the whole income.

   Now that we know the laws of supply and demand, let’s turn to an example to show how supply and demand affect price.

   Imagine that a CD of your favorite band is sold for $20. Because the record company’s previous analysis showed that consumers will not demand CDs at a price higher than $20, only ten CDs were sold because the opportunity cost is too high for suppliers to produce more. If, however, the ten CDs are demanded by 20 people, the price will then rise. As a result, the rise in price should cause more CDs to be supplied as the supply relationship shows that the higher the price, the higher the quantity supplied. If, however, there are 30 CDs produced and demand is still at 20, the price will not be pushed up because the supply is more than the demand.

72. We know from the passage that changes in the prices of product cause changes in ______.

   A. income and expense          B. invention and production

   C. market and society           D. supply and demand

73. Look at the following tablet first, if it is up to you to make a decision to sell a widget(装饰品), you should sell it for ______.

Price of Widgets

Number of Widgets People Want to Buy

$1.00

100

$2.00

90

$3.00

70

$4.00

40

   A. $1                         B. $2                      C. $3                      D. $4

74. The last paragraph is mainly about the importance of ______.

A. a reasonable price                                     B. finding enough producing material

C. finding out what consumers think about         D. making out the demand at market

75. The text is written mainly _____.

A. to persuade people to buy more products

B. to let people know more about a CD

C. to explain the relationships between demand, supply and price

D. to tell people how to buy things reasonably

 

 Part I

    If you are hunting a chance to improve yourself in English, TOP ENGLISH CITY will be a smart choice. We are members of “the International Language Workshop” and enjoy both of the good honor in English teaching and high quality of our teaching team.  We are devoted to providing affordable, excellent English training programs for those who want to improve both their English knowledge and their language skills.

    In TOP ENGLISH CITY, you will be a top. English speaker among your competitors and enjoy the advantage that your competitors have not. You will be proud of' being a member of TOP ENGLISH CITY.

    Courses designed:

    Basic Studies... Sat. 08:00---10:00 am

    Intermediate(中级 )Spoken English,.. Sun. 08:00---10:00 am

    Standard Spoken English... Sat. 08:00---10:00 am

    Basic Business English... Sun. 08:00---10:00 am

    Intermediate Business English… Sun. 07:00 9:00pm

    TOEFL Super Studies... Sun. 7:30----9:30 pm

    Children’s Weekend... Sat &. Sun. 8.00 am--5:00pm

    For more information, please contact:

    Room 806 American Plaza Tianhexi Rd, 510150 Guangzhou

    Tel: 86668888-8806

                             Part II

                        ENGLISH SALON

    A place for you to practice your English, to exchange your English learning experience, to know more about the culture of English-speaking countries, to make more friends who can speak very good English.

    You will have free talks, famous English films and songs appreciation, English lectures and games; all are for you to improve yourself in English in the special, full-of-fun Salon.

    How to join:

We are a group with membership system, so if you want to join our group, please make an application to the Tianhe Office of Top English City, filling in the applying forms. You will be given a salon ID and become our member.

The Qualifications

    You must be fluent in English speaking or / and an English lover. Those who are now learning English in the Top English City will be advantageous.

    For more information, please contact

    Mr Jiu Chan at: 47129198

English Salon, your best friend! Join Right Now!

68. Which of the following can be the best title for Part I?

    A. Top English, your smart choice!

    B. If you want to learn English, we can teach you!

    C. Top English, the best English!

    D. We have what you want!

69. Which of the following courses can be learned by the same person?

    A. Basic Studies and Standard Spoken English.

    B. Intermediate Spoken English and Basic Business English.

    C. Standard Spoken English and TOEFL Super Studies.

    D. Intermediate Business English and TOEFL Super Studies.

70. If you want to join the English Salon, you should at least_______.

    A. be a university graduate

    B. be a student learning English in the Top English City

    C. be an English lover or can speak English well

    D. make more friends and know more about the culture of the English

71. What can you do after joining English Salon?

    A. Exchange English learning experience with other members.

    B. Know more about the culture of English-speaking countries.

    C. Make new friends.

    D. All the above.

Computer people talk a lot about the need for other people to become “computer-literate.” But not all experts (专家) agree that this is a good idea.

One pioneer, in particular, who disagrees is David Tebbutt, the founder of Computertown UK. Although many people see this as a successful attempt to bring people closer to the computer. David does not see it that way. He says that Computertown UK was formed for just the opposite reason, to bring computers to people and make them “people-literate.” David Tebbutt thinks Computertowns are most successful when tied to a computer club but he insists there is an important difference between the two. The clubs are for people who have some computer knowledge already. This frightens away non-experts, who are happier going to Computertowns where there are computers for them to experiment on, with experts to encourage them and answer any questions they have. They are not told what to do, they find out.The computer experts have to learn not to tell people about computers, but have to be able to answer all questions people ask. People don’t have to learn computer terms(术语), but the experts have to explain in plain language. The computers are becoming “people-literate.”

64. Which of the following is David Tebbutt’s ides on the relationship between people and computers?

A.Computer learning should be made easier.

B.There should be more computer clubs for experts.

C.People should work harder to master computer use.

D.Computers should be made cheaper so that people can afford them.

65.We can infer from the text that “computer-lilerate” means_______.

A. being able to afford a computer

B. being able to write computer programs

C. working with the computer and finding out its value

D. understanding the computer and knowing how to use it

66. The underlined word “it” in the second paragraph refers to the idea that Computertowns ___.

A.help to set up more computer clubs

B.bring people to learn to use computers

C. bring more experts to work together

D. help to sell computers to the public

67. David Tebbutt started Computertown UK with the purpose of______.

A. making better use of computer experts           B. improving computer programs

C. increasing computer sales                             D. popularising computers

Decision--thinking is not unlike poker---it often matters not only what you think, but also what others think you think and what you think they think you think. The mental process is similar. Naturally, this card game has often been of considerable interest to people who are, by any standards, good thinkers.  

The great mathematician John von Neumann was one of the founders of game theory. In particular, he showed that all games fall into two classes; there are what he called games of ‘perfect information’, games like chess where the players can’t hide anything or play tricks; they don’t win by chance, but by means of logic and skills. Then there are games of ‘imperfect information’, like poker, in which it is impossible to know in advance that one course of action is better than another.

One mistaken idea about business is that it can be treated as a game of perfect information. Quite the reverse. Business, politics, life itself are games which we must normally play with very imperfect information. Business decisions are often made with many unknown and unknowable factors, which would even puzzle best poker players. But few business people find it comfortable to admit that they are taking a chance, and many still prefer to believe that they are playing chess, not poker.

60. The subject discussed in this text is _________.
  A. the process of reaching decisions           
  B. the difference between poker and chess.
  C. the secret of making good business plans
  D. the value of information in winning games

61. An important factor in a game of imperfect information is ___________.
  A. rules                        B. luck                  C. time                         D. ideas
62. Which of the following can be used in place of “Quite the reverse”?
  A. Quite right.    B. True enough.     C. Most unlikely.         D. Just the opposite.
63. In the writer’s opinion, when making business decisions one should ___________ .
  A. put perfect information before imperfect information
  B. accept the existence of unknown factors
  C. regard business as a game of chess
  D. mix known and unknown factors

 Foxes and farmers have never got on well. These small dog-like animals have long been accused of killing farm animals. They are officially classified as harmful and farmers try to keep their numbers down by shooting or poisoning them.

    Farmers can also call on the services of their local hunt to control the fox population. Hunting consists of pursuing a fox across the countryside, with a group of specially trained dogs, followed by men and women riding horses. When the dogs eventually catch the fox they kill it or a hunter shoots it.

    People who take part in hunting think of it as a sport; they wear a special uniform of red coats and white trousers, and follow strict codes of behavior. But owning a horse and hunting regularly is expensive, so most hunters are wealthy.

    It is estimated that up to 100,000 people watch or take part in fox hunting. But over the last couple of decades the number of people opposed to fox hunting, because they think it is brutal(残酷的). Nowadays it is rare for a hunt to pass off without some kind of confrontation(冲突) between hunters and hunt saboteurs (阻拦者). Sometimes these incidents lead to violence, but mostly saboteurs interfere with the hunt by misleading riders and disturbing the trail of the fox’s smell, which the dogs follow.

    Noisy confrontations between hunters and saboteurs have become so common that they are almost as much a part of hunting as the pursuit of foxes itself. But this year supporters of fox hunting face a much bigger threat to their sport. A Labor Party Member of the Parliament, Mike Foster, is trying to get Parliament to approve a new law which will make the hunting of wild animals with dogs illegal. If the law is passed, wild animals like foxes will be protected under the ban in Britain.

56. Rich people in Britain have been hunting foxes________.

  A. for recreation                                     B. in the interests of the farmers

C. to limit the fox population                        D. to show off their wealth

57. What is special about fox hunting in Britain?

   A. It involves the use of a deadly poison.

   B. It is a costly event which rarely occurs.

   C. The hunters have set rules to follow.

   D. The hunters have to go through strict training.

58. Fox hunting opponents often interfere in the game _______.

   A. by resorting to violence                   B. by confusing the fox hunters

   C. by taking legal action                     D. by demonstrating on the scene

59. A new law may be passed by the British Parliament to ______.

   A. prohibit farmers from hunting foxes               B. forbid hunting foxes with dogs

   C. stop hunting wild animals in the countryside   D. prevent large-scale fox hunting

     Signs can sometimes be seen at the entrance of a house, expressing that a tramp has passed. This special sign-language is frequently   36   by tramps to inform their   37   whether the host of a certain house is friendly or unfriendly, and to   38   them the trouble of making unnecessary calls.

      Quite   39   one day, I came across a real tramp. He was such a rare sight these days that I stood some distance away and watched him. He was dressed just as a tramp should be   40  , old worn trousers, and a jacket many sizes too big for him. On his head there was a battered old hat and his boots were so old and worn; they were almost coming into   41  . But the man himself looked cheerful as if he had not a   42   in the world. He rubbed his nose with his forefinger,   43   a funny turn, laid a small parcel by the front gate, and began   44   a sign made by a former caller. Although the sign was meaningless to me, it must have been   45 , for the tramp’s face lit up with   46 . He entered the front gate confidently and rang the bell. When the door opened, I saw him   47   his hat but couldn’t hear his words. The   48  was very short indeed, for no sooner had he spoken a few words than the door closed fiercely in his face. I felt   49   for him as he walked   50  out of the house, But just as quickly, his face lit up again and he moved quickly towards the gate. There he stopped, looked at the sign, and   51  his head seriously as if he had made a bad mistake.   52  deeply into his pockets, he produced a piece of chalk, rubbed out the   53  sign and made a new one in its place. He stared at it for a moment smiling to himself, then gathered his   54  , pushed back his hat and began walking towards the next house at an unhurried   55  , whistling as he went along.

    36. A. employed   

B. made  

C. taken   

D. put up

   37. A. parents    

B. classmates  

C. fellows   

D. friends

   38. A. share   

B. save   

C. give   

D. put

   39. A. in a way  

B. by mistake 

C. by the way  

D. by chance

   40. A. with   

B. in   

C. by   

D. on

   41. A. a fashion  

B. a design   

C. pieces  

D. blocks

   42. A. success  

B. care   

C. failure   

D. family

   43. A. gave   

B. took   

C. set    

D. made

   44. A. drawing   

B. kissing   

C. correcting  

D. studying

   45. A. pleased   

B. strange   

C. funny   

D. exciting

   46. A. surprise    

B. satisfaction 

C. worry  

D. disappointment

   47. A. rise   

B. put on   

C. raise   

D. throw

   48. A. conversation 

B. introduction

C. quarrel    

D. greeting

   49. A. happy   

B. frightened  

C. worried   

D. sorry

   50. A. cheerful   

B. sadly   

C. bravely   

D. eagerly

   51. A. waved   

B. swung    

C. shook    

D. nodded

   52. A. Digging   

B. Stealing   

C. Putting   

D. Looking

   53. A. existed   

B. moving   

C. shining   

D. existing

   54. A. belongings  

B. clothes   

C. umbrella   

D. stick

   55. A. step   

B. position  

C. pace   

D. situation

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