{{B}}Set 5 Economics{{/B}}


单选题 What is the discussion mainly about?
【正确答案】 B
【答案解析】[听力原文] 23-28 M1: The large economic unit called the "corporation" has come to define business activity in a modern industrial-service economy. Even a mid-sized corporation employs thousands of people, serves hundreds of thousands of customers, and controls assets and does business amounting to several million dollars. The growing power of corporations has brought increased intervention by the only body with sufficient strength and scope to match corporate power. And what body is this? What has enough power to control the corporation? W: The government. M1: Yes. The federal government. The economic role of the government has grown tremendously over the past century, as more and more corporate activities have come under regulation. Why has this happened? M2: Well, to prevent fraud against stockholders, for one thing. Also, to protect customers from fraud, like false advertising. W: To protect the workers. For example, laws against child labor ... and unsafe working conditions. M1: Yes. These are all reasons why we have government regulation of business. Not just in this country, but in most advanced industrial and service economies, governments have taken on an increasing role in economic affairs. Let's take a minute to review what we talked about last time. What are the methods that governments use to influence economic activities? Elizabeth? W: Taxes. Taxes encourage or discourage certain kinds of economic activity. Taxes are also a way for the government to get money to spend on programs. M1: That's right. So ... OK, there's taxes and ... what else? Joshua? M2: Government spending-the government gives business incentives to produce certain goods or services. Also ... uh ... spending could take the form of a tax break, or it could be a direct payment, like a government contract, or a grant or a subsidy. M1: Yes, that's right. Governments intervene in economic activity through taxation and spending. A third method, of course, what we've just been talking about: regulation. There's been a tremendous increase in the laws and regulations governing the economic affairs of complex societies like ours. Beginning in the late 1800s, our political leaders rejected the idea that "government governs best which governs least." The government started to use its power to police the economic system. One of the first things the government did was to limit the exercise of monopoly power by regulating railroads and public utilities. After that, the government began regulating utility rates--costs for telephone, electricity, fuel, and so on. Since then, a whole set of industries has come under government regulation: financial markets, the airlines, trucking, barge and water traffic, oil and natural gas pipelines, and so on. Also, in recent decades there's been a rapid growth of social regulation. What do I mean by social regulation? W: Uh ... things like ... like laws that require a food package to list all the ingredients? M1: Yes, that's a good example. There are a number of laws regulating food and cosmetics. Social regulation also includes the laws that were first passed to protect workers in mines, and then workers in general. Now there are laws that protect all of society--for example, regulations for air and water pollution, and for storage and disposal of hazardous materials like nuclear waste. There are also safety standards for automobiles and consumer products, such as car seats for babies. All of these are forms of social regulation. We've come a long way since the days of laissez-faire capitalism, when business ran free and unchecked by government. When the political leaders of the nineteenth century first started proposing regulation of business, this was considered a radical idea. However, with the passage of time, the radical ideas of that era became the accepted convictions of today. The general public has come to accept-and even expect-these limits on capitalism. The class mainly discusses the regulation of business by government. The professor says The economic role of the government has grown tremendously over the past century, as more and more corporate activities have come under regulation; These are all reasons why we have government regulation of business; ... a whole set of industries has come under government regulation....(2.1)
单选题 Why do the students say this:
【正确答案】 C
【答案解析】[听力原文] Why do the students say this: "Well, to prevent fraud against stockholders, for one thing. Also, to protect customers from fraud, like false advertising." "To protect the workers. For example, laws against child labor ... and unsafe working conditions." The students' purpose is to give reasons why governments regulate corporations. The professor asks The economic role of the government has grown tremendously over the past century, as more and more corporate activities have come under regulation. Why has this happened? The students respond to the professor's question. (2.3)
多选题 According to the discussion, governments influence economic activity through which methods? {{U}}Click on two answers.{{/U}}
【正确答案】 A、C
【答案解析】Governments influence economic activity through taxation and spending: Taxes encourage or discourage certain kinds of economic activity; Government spending— the government gives business incentives to produce certain goods or services; Governments intervene in economic activity through taxation and spending. (2.2)
单选题 Listen again to part of the discussion. Then answer the question. Why does the professor say this:
【正确答案】 D
【答案解析】[听力原文] Listen again to part of the discussion. Then answer the question. "Beginning in the late 1800s, our political leaders rejected the idea that 'government governs best which governs least.' The government started to use its power to police the economic system. One of the first things the government did was to limit the exercise of monopoly power by regulating railroads and public utilities.” Why does the professor say this: "Beginning in the late 1800s, our political leaders rejected the idea that 'government governs best which governs least.'" The professor's purpose is to explain the origins of government regulation. Key phrases: Beginning in the late 1800s...; The government started to use its power...; One of the first things the government did....(2.3)
单选题 According to the professor, what is the function of social regulation?
【正确答案】 B
【答案解析】[听力原文] According to the professor, what is the function of social regulation? The professor says There are a number of laws regulating food and cosmetics; ... laws that protect all of society...regulationsfor air and water pollution, and for storage and disposal of hazardous materials like nuclear waste, ...safety standards for automobiles and consumer products...; All of these are forms of social regulation. (2.2)
单选题 Listen again to part of the discussion. Then answer the question. What can be inferred about government regulation of business?
【正确答案】 A
【答案解析】[听力原文] Listen again to part of the discussion. Then answer the question. "When the political leaders of the nineteenth century first started proposing regulation of business, this was considered a radical idea. However, with the passage of time, the radical ideas of that era became the accepted convictions of today. The general public has come to accept-and even expect-these limits on capitalism." What can be inferred about government regulation of business? The professor says The general public has come to accept-and even expect-these limits on capitalism. You can infer that many people agree that the government should regulate business. (2.4)