If Abishag owns 16 quinces and 15 kumquats, and if the price of kumquats is 4 times the price of quinces, how many kumquats can she afford if she buys as many kumquats as she can？

A．The price of grapes and labor.

B．The price of wine and wine bottles.

C．The cost of land and machinery.

D．The cost of labor and machinery.

In 1999, the price of oil hovered around ＄16 a barrel. By 2008, it had (21) ______ the ＄100 a barrel mark. The reasons for the surge (22) ______ from the dramatic growth of the economies of China and India to widespread (23) ______ in oil-producing regions, including Iraq and Nigeria's delta region. Triple-digit oil prices have (24) ______ the economic and political map of the world, (25) ______ some old notions of power. Oil-rich nations are enjoying historic gains and opportunities, (26) ______ major importers—including China and India, home to a third of the world's population— (27) ______ rising economic and social costs.

Managing this new order is fast becoming a central (28) ______ of global politics. Countries that need oil are clawing at each other to (29) ______ scarce supplies, and are willing to deal with any government, (30) ______ how unpleasant, to do it.

In many poor nations with oil, the profits are being lost to corruption, (31) ______ these countries of their best hope for development. And oil is fueling enormous investment funds run by foreign governments, (32) ______ some in the West see as a new threat.

Countries like Russia, Venezuela and Iran are well supplied with rising oil (33) ______ , a change reflected in newly aggressive foreign policies. But some unexpected countries are reaping benefits, (34) ______ costs, from higher prices. Consider Germany. (35) ______ it imports virtually all its oil, it has prospered from extensive trade with a booming Russia and the Middle East. German exports to Russia (36) ______ 128 percent from 2001 to 2006.

In the United States, as already high gas prices rose (37) ______ higher in the spring of 2008, the issue cropped up in the presidential campaign, with Senators McCain and Obama (38) ______ for a federal gas tax holiday during the peak summer driving months. And driving habits began to (39) ______ , as sales of small cars jumped and mass transport systems (40) ______ the country reported a sharp increase in riders.

(21)

A．come

B．gone

C．crossed

D．arrived

In 1999, the price of oil hovered around $16 a barrel. By 2008, it had【1】the $100 a barrel mark. The reasons for the surge【2】from the dramatic growth of the economies of China and India to widespread【3】in oil-producing regions, including Iraq and Nigeria’s delta region. Triple-digit oil prices have【4】the economic and political map of the world,【5】some old notions of power. Oil-rich nations are enjoying historic gains and opportunities,【6】major importers — including China and India, home to a third of the world’s population —【7】rising economic and social costs.

Managing this new order is fast becoming a central【8】of global politics. Countries that need oil are clawing at each other to【9】scarce supplies, and are willing to deal with any government,【10】how unpleasant, to do it.

In many poor nations with oil, the profits are being, lost to corruption,【11】these countries of their best hope for development. And oil is fueling enormous investment funds run by foreign governments,【12】some in the west see as a new threat.

Countries like Russia, Venezuela and Iran are well supplied with rising oil【13】, a change reflected in newly aggressive foreign policies. But some unexpected countries are reaping benefits,【14】costs, from higher prices. Consider Germany.【15】it imports virtually all its oil, it has prospered from extensive trade with a booming Russia and the Middle East. German exports to Russia【16】128 percent from 2001 to 2006.

In the United States, as already high gas prices rose【17】higher in the spring of 2008, the issue cropped up in the presidential campaign, with Senators McCain and Obama【18】for a federal gas tax holiday during the peak summer driving months. And driving habits began to【19】, as sales of small cars jumped and mass transport systems【20】the country reported a sharp increase in riders.

(1)

A．come

B．gone

C．crossed

D．arrived

翻译A free market is an economic system in which the price of goods and services is affected by supply and demand rather than controlled by a government.

A. 自由市场是一种经济体系，其中的商品和服务价格往往受供给和需求的影响，而不是由政府来控制。

B. 在一个自由的市场经济体系中，商品和服务的价格是由供给和需求所决定，而不是受政府的影响。

C. 自由市场是一种经济体系，在这个体系中，商品和服务的价格不仅由供给和需求所决定也由政府来控制。

The price of milk in a country increases from €1.00 per liter to €1.70 per liter, and the quantity supplied does not change. This suggests the short-run supply of milk in this country is closest to being:

A.perfectly elastic, meaning elasticity of supply is infinite

B.perfectly inelastic, meaning elasticity of supply is zero

C.perfectly inelastic, meaning elasticity of supply is infinite

I managed to talk down the price and bought the coat ______ the discount of 20 percent.

A．for

B．with

C．on

D．at

What did US urge Russia to do?

A．Raising the price of oil.

B．Increasing export of oil and gas.

C．Promoting foreign investment in energy sectors.

D．Increasing export of energy to Eurasia.

Recent information on the earnings per share and share price of Par Co is as follows:

The 8% loan notes are convertible into eight ordinary shares per loan note in seven years’ time. If not converted, the loan notes can be redeemed on the same future date at their nominal value of $100. Par Co has a cost of debt of 9% per year.

The ordinary shares of Par Co have a nominal value of $1 per share and have been traded on a large stock exchange for many years. Listed companies similar to Par Co have been recently reported to have an average price/earnings ratio of 12 times.

Required:

(a) Calculate the market price of the convertible loan notes of Par Co, commenting on whether conversion is likely. (5 marks)

(b) Calculate the share price of Par Co using the price/earnings ratio method and discuss the problems in using this method of valuing the shares of a company. (5 marks)

The first, price theory or microeconomics, explains how the interplay of supply andThe first, price theory or microeconomics, explains how the interplay of supply and demand in competitive markets creates a multitude of individual prices, wage rates, profit margins, and rental changes.