(单词翻译:单击)
PASSAGE 6
Let’s Have a Little Cooperation Please
?Cia Andina do Triconos (CATSA), a Bolivian joint1 venture of the U.S. Dresser Industries and local investors2, which and based its investment _____(1)_____ an allocation under the metalworking program, closed its doors after _____(2)____ to penetrate3 the Andean market after more than two years in operation.
The prospect4 of _____(3)_____ access to the Andean market, plus protection provided by a 55 percent "ad valorem" common outer tariff5 on bits sourced from outside the bloc6, made the sales outlook seem _____(4)_____.
However, CATSA’s "monopoly" position in Ancom proved specious7. _____(5)_____ the plant went on stream in 1974, the company was never able to export a single drill bit to the Andean market; and its local sales were _____(6)_____ a state-owned petroleum8 company. This market was clearly _____(7)_____, since the operation had been based on exporting the bulk of the plant’s 200-unit-per-month capacity to the Andean area.
CATSA could not penetrate the Ancom market for several reasons:
Although Ancom _____(8)_____ a 55-percent common outer tariff on third-country imports, some Ancom countries had previously9 _____(9)_____ LAFTA (Latin American Free Trade Association) tariff concessions10, which take precedence over the Ancom tariffs11.
Ancom members simply did not _____(10)_____ the spirit of the metalworking agreement. After the installation of the CATSA facility, plants producing tricone bits _____(11)_____ in Peru and Venezuela. Under the metalworking program, participating _____(12)_____ were committed to prohibiting new foreign investment in allocations of other Ancom countries. But on the question of new investment by local industry, the obligation was only not to encourage it, with no requirement to prevent it. _____(13)_____ Venezuela, it has no commitment to limit local production or to honor the outer tariff, because it was not yet a member of Ancom when the metalworking agreement was signed and was thus not a _____(14)_____ to the pact12.
Also, according to Bolivia, Colombia and Ecuador employed _____(15)_____ obstacles to avoid applying the common outer tariff.
The withdrawal13 of Chile from Ancom cost Bolivia a lucrative14 potential market too.
1. A) in
B) to
C) under
D) on
2. A) fail B) to fail C) failing D) succeeding
3. A) no duty B) no-duty C) duty-bound D) duty-free
4. A) good B) well C) bad D) badly
5. A) So B) Although C) But D) Therefore
6. A) confined to B) confined in C) expanded to D) exported to
7. A) big enough B) sufficient C) too big D) insufficient15
8. A) has got B) got C) has imposed D) has imposed on
9. A) admitted B) admitting C) granting D) granted
10. A) learn B) honor C) take D) give
11. A) are put B) are established C) were set up D) had set up
12. A) member government B) members government C) member governments D) members governments
13. A) In case of B) In the case of C) In case D) On case
14. A) party B) member C) person D) partner
15. A) a series of B) a great deal of C) a large amount of D) a great number
KEY:DCDAB ADCDB CCBAA
PASSAGE 7
People Express
?People Express, founded in April 1981, grew rapidly on the basis of low fares and no-frills service. It soon became a leading airline and __1__ changed the industry as firms constantly engaged in price wars to lure16 passengers. Then, People Express’ bubble __2__ because it overexpanded, consumer complaints mounted and other airlines matched its fares on popular routes. In 1986, People Express __3__ hundreds of millions of dollars and was forced to sell out to Texas Air, the owner of Continental17 and Eastern Airlines.
In early 1987, Texas Air __4__ People Express into its Continental division and industry observers believed __5__ the costly18 fare wars would be ended. They could not have been more wrong. To stimulate19 business for its __6__ continental Airlines, Texas Air instituted a new low fare category __7__ MaxSaver. The fare offered prices that were up to 40 per cent lower than "supersaver" rates offered __8__ all airlines. For example, the round-trip MaxSaver fare from New York to Houston was $70. The MaxSaver fares were immediately matched by all major airlines, __9__ feared losing business.
While MaxSaver rates were low, they also had restrictions20. Tickets could not be __10__ or flight times modified after purchase. Passengers would have to stay over either a Saturday or Sunday. Reservations had to be made at least two days __11__, and there were limited seats available.
Three weeks after MaxSaver rates were __12__, American Airlines announced plans to raise its discount fares and require 30-day __13__ purchasing for its lowest fares. It felt it could not continue at the rates in effect. However, just 10 days __14__, Ameriacn Airlines had to revise its plan. Texas Air refused to abandon the MaxSaver fare; it even extended the program into the busy summer season. Competitors went along and the price war raged on, __15__ an executive’s comment that "nobody’s cost structure can survive MaxSavers."
1. A) little
B) slowly
C) quick
D) radically21
2. A) burst
B) explode
C) opened
D) disappeared
3. A) gained
B) made
C) lost
D) disappeared
4. A) emerged
B) merged22
C) has combined
D) mixed
5. A) what
B) which
C) where
D) that
6. A) expand
B) to extend
C) expanded
D) extended
7. A) called
B) calling
C)to call
D) calling on
8. A) to
B) for
C) with
D) by
9. A) what
B) that
C) which
D) this
10. A) put off
B) canceling
C) destroyed
D) canceled
11. A) before
B) in advance
C) ahead of
D) later
12. A) introduced
B) brought in
C) taken in
D) adapted
13. A) advanced
B) before
C) ahead
D) prior to
14. A) lately
B) later
C) late
D) latter
15. A) despite of
B) despite
C) in spite
D) although
KEY: DACBD CADCD BAABB
收听单词发音
1
joint
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| adj.联合的,共同的;n.关节,接合处;v.连接,贴合 | |
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2
investors
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| n.投资者,出资者( investor的名词复数 ) | |
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3
penetrate
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| v.透(渗)入;刺入,刺穿;洞察,了解 | |
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4
prospect
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| n.前景,前途;景色,视野 | |
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5
tariff
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| n.关税,税率;(旅馆、饭店等)价目表,收费表 | |
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6
bloc
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| n.集团;联盟 | |
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7
specious
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| adj.似是而非的;adv.似是而非地 | |
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8
petroleum
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| n.原油,石油 | |
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9
previously
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| adv.以前,先前(地) | |
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10
concessions
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| n.(尤指由政府或雇主给予的)特许权( concession的名词复数 );承认;减价;(在某地的)特许经营权 | |
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11
tariffs
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| 关税制度; 关税( tariff的名词复数 ); 关税表; (旅馆或饭店等的)收费表; 量刑标准 | |
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12
pact
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| n.合同,条约,公约,协定 | |
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13
withdrawal
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| n.取回,提款;撤退,撤军;收回,撤销 | |
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14
lucrative
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| adj.赚钱的,可获利的 | |
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15
insufficient
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| adj.(for,of)不足的,不够的 | |
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16
lure
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| n.吸引人的东西,诱惑物;vt.引诱,吸引 | |
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17
continental
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| adj.大陆的,大陆性的,欧洲大陆的 | |
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18
costly
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| adj.昂贵的,价值高的,豪华的 | |
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19
stimulate
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| vt.刺激,使兴奋;激励,使…振奋 | |
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20
restrictions
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| 约束( restriction的名词复数 ); 管制; 制约因素; 带限制性的条件(或规则) | |
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21
radically
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| ad.根本地,本质地 | |
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22
merged
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| (使)混合( merge的过去式和过去分词 ); 相融; 融入; 渐渐消失在某物中 | |
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