Passage One
Questions 52 to 56 are based on the following passage.
Imagine waking up and finding the value of your assets has been halved. No, you’re not an investor in one of those hedge funds that failed completely. With the dollar slumping to a 26-year low against the pound, already-expensive
The once all-powerful dollar isn’t doing a Titanic against just the pound. It is sitting at a record low against the euro and at a 30-year low against the Canadian dollar. Even the Argentine peso and Brazilian real are thriving against the dollar.
The weak dollar is a source of humiliation, for a nation’s self-esteem rests in part on the strength of its currency. It’s also a potential economic problem, since a declining dollar makes imported food more expensive and exerts upward pressure on interest rates. And yet there are substantial sectors of the vast
Many Europeans may view the
The money tourists spend helps decrease our chronic trade deficit. So do exports, which thanks in part to the weak dollar, soared 11 percent between May 2006 and May 2007. For first five months of 2007, the trade deficit actually fell 7 percent from 2006.
If you own shares in large American corporations, you’re a winner in the weak-dollar gamble. Last week Coca-Cola’s stick bubbled to a five-year high after it reported a fantastic quarter. Foreign sales accounted for 65 percent of Coke’s beverage business. Other American companies profiting from this trend include McDonald’s and IBM.
American tourists, however, shouldn’t expect any relief soon. The dollar lost strength the way many marriages break up- slowly, and then all at once. And currencies don’t turn on a dime. So if you want to avoid the pain inflicted by the increasingly pathetic dollar, cancel that summer vacation to
注意:此部分试题请在答题卡2上作答。
52. Why do Americans feel humiliated?
A) Their economy is plunging B) They can’t afford trips to
C) Their currency has slumped D) They have lost half of their assets.
53.How does the current dollar affect the life of ordinary Americans?
They have to cancel their vacations in
They find it unaffordable to dine in mom-and-pop restaurants.
They have to spend more money when buying imported goods.
They might lose their jobs due to potential economic problems.
54 How do many Europeans feel about the U.S with the devalued dollar?
They feel contemptuous of it
They are sympathetic with it.
They regard it as a superpower on the decline.
They think of it as a good tourist destination.
55 what is the author’s advice to Americans?
They treat the dollar with a little respect
They try to win in the weak-dollar gamble
They vacation at home rather than abroad
They treasure their marriages all the more.
56 What does the author imply by saying “currencies don’t turn on a dime” (Line 2,
The dollar’s value will not increase in the short term.
The value of a dollar will not be reduced to a dime
The dollar’s value will drop, but within a small margin.
Few Americans will change dollars into other currencies.
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