To attract investors, the government has （） its tax and labor laws.

A.adjusted

B.adapted

C.applied

A.confirm

B.stimulate

C.grab

D.convince

ted on by the EU's Council of Ministers on December 17th, are economic—in particular, the country's relative poverty. Its GDP per head is less than a third of the average for the 15 pre-2004 members of the EU. But it is not far off that of one of the ten new members which joined on May 1st 2004 (Latvia), and it is much the same as those of two countries, Bulgaria and Romania, which this week concluded accession talks with the EU that could make them full members on January 1 st 2007.

Furthermore, the country's recent economic progress has been, according to Donald Johnston, the secretary-general of the OECD, "stunning". GDP in the second quarter of the year was 13.4% higher than a year earlier, a rate of growth that no EU country comes close to matching. Turkey's inflation rate has just fallen into single figures for the first time since 1972, and this week the country reached agreement with the IMF on a new three-year, $10 billion economic program that will, according to the IMF's managing director, Rodrigo Rato, "help Turkey... reduce inflation towards European levels, and enhance the economy's resilience (弹性)".

Resilience has not historically been the country's economic strong point. As recently as 2001, GDP fell by over 7%. It fell by more than 5% in 1994, and by just under 5% in 1999. Indeed, throughout the 1990s growth oscillated like an electrocardiogram recording a violent heart attack. This irregularity has been one of the main reasons (along with red tape and corruption) why the country has failed dismally to attract much-needed foreign direct investment. Its stock of such investment (as a percentage of GDP) is lower now than it was in the 1980s, and annual inflows have scarcely ever reached $1 billion (whereas Ireland attracted over $25 billion in 2003, as did Brazil in every year from 1998 to 2000).

One deterrent to foreign investors is due to disappear on January 1 st 2005. On that day, Turkey will take away the right of virtually every one of its citizens to call themselves a millionaire. Six naughts will be removed from the face value of the lira; one unit of the local currency will henceforth be worth what lm is now--i.e., about C0.53 ($0.70).

Goods will have to be priced in both the new and old lira for the whole of the year, but foreign bankers and investors can begin to look forward to a time in Turkey when they will no longer have to juggle mentally with indeterminate strings of zeros.

The mood of the workers was pessimistic in that______.

A．their plant would go to bankruptcy

B．they would be unemployed temporarily

C．new models and investment would bring about jobs cut

D．they are confronting the threat of losing jobs

根据以下材料，回答题

About Turkey

Some of the concerns surrounding Turkey"s application to join the European Union， to be voted on by the EU"s Council of Ministers on December 17th， are economic—— in particular， the country"s relative poverty. Its GDP per head is less than a third of the average for the 15 pre-2004 members of the EU. But it is not far offthat of one of the ten new members which joined on May 1st 2004 （Latvia）， and it is much the same as those of two countries， Bulgaria and Romania， which this week concluded accession talks with the EU that could make them full members on January 1 st 2007.

Furthermore， the country"s recent economic progress has been， according to Donald Johnston，the secretary-general of the OECD，"stunning". GDP in the second quarter of the year was 13.4% higher than a year earlier， a rate of growth that no EU country comes close to matching. Turkey"s inflation rate has just fallen into single figures for the first time since 1972， and this week the country reached agreement with the IMF on a new three-year， $10 billion economic programme that will， according to the IMF"s managing director， Rodrigo Rato，"help Turkey... reduce inflation toward European levels， and enhance the economy"s resilience".

Resilience has not historically been the country"s economic strong point. As recently as 2001， GDP fell by over 7%. It fell by more than 5% in 1994， and by just under 5% in 1999. Indeed， throughout the 1990s growth oscillated like an electrocardiogram recording a violent heart attack. This irregularity has been one of the main reasons （along with red tape and corruption） why the country has failed dismally to attract much-needed foreign direct investment. Its stock of such investment （as a percentage of GDP） is lower now than it was in the 1980s， and annual inflows have scarcely ever reached $1 billion （whereas Ireland attracted over $25 billion in 2003， as did Brazil in every year from 1998 to 2000）.

One deterrent to foreign investors is due to disappear on January 1st 2005. On that day， Turkey will take away the right of virtually every one of its citizens to call themselves a millionaire. Six noughts will be removed from the face value of the lira; one unit of the local currency will henceforth be worth what lm are now， i. e.， about E0.53 （$0.70）. Goods will have to be priced in both the new and old lira for the whole of the year， but foreign bankers and investors can begin to look forward to a time in Turkey when they will no longer have to juggle mentally with indeterminate strings of zeros.

What is Turkey‘s economic situation now？ 查看材料

A.Its GDP per head is far lagging behind that of the EU members.

B.Its inflation rate is still rising.

C.Its economy grows faster than any EU member.

D.Its economic resilience is very strong.

Could youreproduce Silicon Valley elsewhere, or is there something unique about it？

It wouldn’t besurprising if it were hard to reproduce in other countries, because youcouldn’t reproduce it in most of the US either. What does it take to make aSilicon Valley？

It’s the rightpeople. If you could get the right ten thousand people to move from SiliconValley to Buffalo, Buffalo would become Silicon Valley.

You only needtwo kinds of people to create a technology hub （中心）:rich people and nerds （痴迷科研的人）.

Observationbears this out. Within the US, towns have become startup hubs if and only ifthey have both rich people and nerds. Few startups happen in Miami, forexample, because although it’s full of rich people, it has few nerds. It’s notthe kind of place nerds like.

WhereasPittsburg has the opposite problem: plenty of nerds, but no rich people. Thetop US Computer Science departments are said to be MIT, Stanford, Berkeley, andCarnegie-Mellon. MIT yielded Route 128. 　　Stanford and Berkeley yielded SiliconValley. But what did Carnegie-Mellon yield in Pittsburgh？ And whathappened in Ithaca, home of Cornell University, which is also high on the list.

I grew up inPittsburgh and went to college at Cornell, so I can answer for both. Theweather is terrible, particularly in winter, and there’s no interesting oldcity to make up for it, as there is in Boston. Rich people don’t want to livein Pittsburgh or Ithaca. So while there are plenty of hackers （电脑迷）who could start startups, there’s no one to invest in them.

Do you reallyneed the rich people？ Wouldn’t it work to have the government invest the nerds？No, it would not. Startup investors are a distinct type of rich people. Theytend to have a lot of experience themselves in the technology business. Thishelps them pick the right startups, and means they can supply advice andconnections as well as money. And the fact that they have a personal stake inthe outcome makes them really pay attention.

56. What do welearn about Silicon Valley from the passage？

A) Its success is hard to copy any where else.

B) It is the biggest technology hub in the US.

C) Its fame in high technology is incomparable.

D) It leads the world in information technology.

57. What makesMiami unfit to produce a Silicon Valley？

A) Lack of incentive for investments.

B) Lack of the right kind of talents.

C) Lack of government support.

D) Lack of famous universities.

58. In that wayis Carnegie-Mellon different from Stanford, Berkeley and MIT？

A) Its location is not as attractive to rich people

B) Its science department are not nearly as good

C) It does not produce computer hackers and nerds

D) It does not pay much attention to business startups

59. What doesthe author imply about Boston？

A) It has pleasant weather all year round.

B) It produces wealth as well as high-tech

C) It is not likely to attract lots of investor and nerds.

D) It is an old city with many sites of historical interest.

60. What doesthe author say about startup investors？

A) They are especially wise in making investments.

B) They have good connections in the government.

C) They can do more than providing money.

D) They are enough to invest in nerds.

A.investors will hold varying amounts of the risky asset in their portfolios.

B.all investors will have the same portfolio asset allocations.

C.investors will hold varying amounts of the risk-free asset in their portfolios.

D.A and C.

E.none of the above.

A.conduction

B.confidence

C.concepts

D.concerns

Why do consumers, businesses and investors retreat and _____ （恐慌) in times of depressi

on？.

A、terrible

B、panic

C、horror

D、anxious

Investors have reason to ask for more _______ (disclose) from the company.

A.designed to assist investors and creditors.

B.used directly by managers and in income tax returns .

C.not a business purpose information

D.not applicable to individuals.