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
外语
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
2010-01-10
65
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 memories of the 1973 oil shocks resulted in double-digit inflation and global economic decline. ,So where are the headlines warning of gloom and doom this time?
The oil 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 terra,
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 retails price, so even quite big changes in the price of crude have a more muted effect on pump prices than in the past.
Rich economics are also less dependent on oil than they were, and so less sensitive to swings in the oil price. Energy conservation, a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduces 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 economics now use nearly 50% less oil than in 1978. 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 e merging 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
推断题。第三段第三句话“在欧洲,油税占了汽油零售价的五分之四。”因此可推知,如果油税上涨,汽油的零售价也会随之上涨。
转载请注明原文地址:https://kaotiyun.com/show/Y56K777K
0
专业英语四级
相关试题推荐
PASSAGEONEWhatdoestheauthormeanbysaying"Iwasoverheadandears"inPara.6?
Duringthepastdecade,talentshowshavebeenquitepopularamongChineseaudience.Despitethephenomenalresponsefromthegr
(1)EducationisanimportantthemeinyouthathleticsintheUS.Youngkids,energetic,rambunctious,coopedupinclass,yearn
(1)ScientistssayChandraprovidesfirstevidencethattwomysteriescancoexistinonegalaxy.(2)Inaverybrightgalaxy4
Thebizarreanticsofsleepwalkershavepuzzledpolice,perplexedscientists,andfascinatedwritersforcenturies.Thereisan
IfyouareayoungishmanwhositsonaEuropeancorporateboard,youshouldworry:thechancesarethatyourchairmanwantsto
A、Old-agesickness.B、Loosefamilyties.C、Poormentalabilities.D、Difficultiesinmaths.D本题考查McKay教授无法做出解释的内容。McKay教授说“似乎毫无疑问
ThingstobeTaughtinEverySchoolI.Introduction:Importanceofstudents’abilitytodealwiththerealworld.A.Speaker
Technologiescollapsethedistancebetweenadesireanditsfulfillmentbyreducingeitherthetimeortheeffortinvolved.
AidtoReading"Thanksforreplyingsoquickly.Notonlydoyouguyshaveanoutstandingproductbutyoualsobackitupwitham
随机试题
工业安装工程的特征是有()。
【背景资料】某施工企业中标承建了一座日处理污水达15万t的污水处理厂工程,为防止初沉池、二沉池、曝气池等薄壁钢筋混凝土排水构筑物产生裂缝,施工时采取了如下措施:(1)加大水泥用量,增加混凝土的和易性;(2)增加坍落度,提高混凝土的扩散度;(3)选择在低温
( )是生产过程中涉及到的计划、组织、监控、调节和改进等一系列致力于满足生产安全所进行的管理活动。
民事诉讼中可以作为证据的种类有( )。
会计法律制度侧重于调整会计人员的内在行为及其结果,具有较强的主观性。()
根据《证券发行上市保荐业务管理办法》,下列关于保荐业务的表述中,正确的有()。Ⅰ.同次发行的证券,其发行保荐和上市保荐可以选择不同的保荐机构承担Ⅱ.保荐机构依法对发行人的申请文件、证券发行募集文件进行核查,向中国证监会、证券交易所出具保荐意见
下列关于应交税金及附加预算的说法中,错误的是()。
下列所得中,未规定可以以一个月内取得的收入为一次纳税的是()。
很多人以为只有抽烟的老人才会得肺癌,但某国一项最新的统计显示:近年来该国肺癌导致的女性死亡人数比乳腺癌、子宫内膜癌和卵巢癌三种癌症加起来还多,而绝大多数的妇女们根本没有意识到这一点。由此无法推出的是()。
Isupposeyouknoweverythingaboutthatevent,______?
最新回复
(
0
)