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【简答题】

Section A

Directions: In this section, there is a short passage with 5 questions or incomplete statements. Read the passage carefully. Then answer the questions or complete the statements in the fewest possible words.

Tulips were introduced into Holland before the 17th century but it did not take long for the flowers to gain popularity among the upper classes. Flowers of such beauty and rarity soon be came symbols of power and prestige and the rich tried their utmost to lay their hands on some to display in their gardens.

By 1634, the whole country was so fascinated by tulips that all other activities almost came to a stop. People were trading in tulips and even buying and selling unsprouted flowers. It was similar to the futures market today, where traders are buying and selling crude oil or cotton which they will never see. As the tulip trades increased, regular markets were set up on the Stock Exchange of Amsterdam and other towns. That happened in the year 1636 when the craze was reaching its peak.

The bubble finally burst in 1637. For some unknown reasons maybe a group of people suddenly realized the madness tulips failed to command the usual inflated prices in a gathering. Word spread and the market crashed. As in all asset bubbles, it took time to propel prices to such extraordinary levels, but it only took a single pierce to burst the bubble. When confidence was destroyed, it could not be recovered and prices kept falling until they were one-tenth of those set during the peak. Soon the nobles became poor and the rich became paupers (贫民). Cries of distress resounded everywhere in Holland.

Why do investment professionals like to bring up this story that happened centuries ago? This is because greed is part of human nature and short memory is an investor trait, we just never seem to learn from past mistakes. Recently, many have pointed to the American investors' madness over Internet stocks as another "tulip craze". Whether these are really "Internet tulips" remain to be seen. However there are tell-tale signs that the buying is overdone.

There is no denial that the Internet is an important development in this century, but it is madness when every Internet stock jumps in multiples and every company that announces con ducting their business over the net witnesses their stock prices going up. Not to mention that some of these Internet stocks are trading at hundreds times PE (本益比) and some will not report any profit for the next few years!

Tulips became popular among the upper classes because they associated the flowers with ______.

题目标签:贫民益比
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参考解析:
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刷刷题刷刷变学霸
举一反三

【单选题】Take the case of public education alone. The principal difficulty faced by the schools has been the tremendous increase in the number of pupils. This has been caused by the advance of the legal age fo...

A.
should demand that local communities provide support
B.
should raise taxes to meet the needs of public education
C.
should allocate Federal funds for public education
D.
should first of all solve the problem of unemployment

【单选题】以下乐府诗不属于抒写贫民生活的是哪一首?()

A.
《孤儿行》
B.
《妇病行》
C.
《相逢行》
D.
《东门行》

【单选题】Take the case of public education alone. The principal difficulty faced by the schools has been the tremendous increase in the number of pupils. This has been caused by the advance of the legal age fo...

A.
Only by appropriating adequate Federal funds for education can the next generation have a bright future.
B.
Citizens of all parts of the country agree that the best way to support education is to use Federal funds.
C.
People all over the country should make contributions to education in the interest of the next generation.
D.
Educated people are determined to use part of the Federal funds to help the poor.

【单选题】Take the case of public education alone. The principal difficulty faced by the schools has been the tremendous increase in the number of pupils. This has been caused by the advance of the legal age fo...

A.
The trend toward a shorter workday.
B.
Raising of the legal age for going to work.
C.
The requirement of educated workers by business.
D.
People's concern for the future of the next generation.