链典4矮降贸多大 高级商务英语阅读 Supplementary Exercises for Chapter 5 Fast Track to Lost Jobs . Questions on the text: 1.What does"fast track"mean in the title? 2.Can unemployment problem be relieved without fast track? 3.Can Americans be better off by staying out of WTO and NAFTA?Why? 4.What is the cause of trade deficit? 5.Can isolation policy solve the problem of unemployment? Il.Read the following text and choose the best sentence from A to H below to fill in each of the gaps in the text. The U.S.current-account deficits of the past two decades were brought on primarily by a long downward trend in domestic saving as a percentage of GDP that began in the mid-1950s and accelerated in the early 1980s.The decline led to a shortage of funds for domestic investment, which in turn caused real(inflation-adjusted)interest rates to rise higher than they would otherwise have been.1)The need to convert those inflows from foreign currencies into dollars increased the demand for dollars in foreign exchange markets and thereby put upward pressure on the value of the dollar relative to other currencies. As saving declined as a percentage of GDP,consumption consequently increased.The rise in consumption was larger than the decline in gross domestic investment that was induced by the higher interest rates.2) The upward pressure on the dollar and the prices of U.S.output made U.S.imports less expensive for domestic purchasers and U.S.exports more expensive for foreigners.3)The larger supply of goods and services in the U.S.market partially alleviated the upward pressure on prices. Nevertheless,U.S.imports remained less expensive for domestic purchasers and U.S.exports 第1页共5页高级商务英语阅读 Supplementary Exercises for Chapter 5 Fast Track to Lost Jobs I. Questions on the text: 1. What does “fast track” mean in the title? 2. Can unemployment problem be relieved without fast track? 3. Can Americans be better off by staying out of WTO and NAFTA? Why? 4. What is the cause of trade deficit? 5. Can isolation policy solve the problem of unemployment? II. Read the following text and choose the best sentence from A to H below to fill in each of the gaps in the text. The U.S. current-account deficits of the past two decades were brought on primarily by a long downward trend in domestic saving as a percentage of GDP that began in the mid-1950s and accelerated in the early 1980s. The decline led to a shortage of funds for domestic investment, which in turn caused real (inflation-adjusted) interest rates to rise higher than they would otherwise have been. 1) ________ The need to convert those inflows from foreign currencies into dollars increased the demand for dollars in foreign exchange markets and thereby put upward pressure on the value of the dollar relative to other currencies. As saving declined as a percentage of GDP, consumption consequently increased. The rise in consumption was larger than the decline in gross domestic investment that was induced by the higher interest rates. 2) ________ The upward pressure on the dollar and the prices of U.S. output made U.S. imports less expensive for domestic purchasers and U.S. exports more expensive for foreigners. 3) ________ The larger supply of goods and services in the U.S. market partially alleviated the upward pressure on prices. Nevertheless, U.S. imports remained less expensive for domestic purchasers and U.S. exports 第 1 页 共 5 页