首页
登录
职称英语
When oil sells at high market prices, the world’s leading oil consumers, the
When oil sells at high market prices, the world’s leading oil consumers, the
游客
2023-08-29
45
管理
问题
When oil sells at high market prices, the world’s leading oil consumers, the United States, Japan and the European Union(EU), will confront bigger difficulties in concluding their domestic economic policies. Oil enterprises will face rising production costs and falling revenues. Expensive oil will compel the United States and Japan to increase federal interest rates, while making it harder for the European Central Bank(ECB) to lower its rates to simulate its economy. The U. S. trade imbalance is more severe, peaking at $ 46 billion last March. Soaring oil prices have contributed to this result. As for the growing markets in Asia, including China, higher oil prices raise import costs, drive consumer price hikes and increase inflation pressure. According to the estimation of the International Energy Agency, if the price of oil increases by $ 10 per barrel within a year, the Asian economic growth rate will drop 0. 8 percentage points. Sometime this year, China is expected to replace Japan as the world’s second largest oil importer, after the United States. In 2005, China’s oil imports are expected to reach 100 million tons. Since China’s oil purchases are primarily spot transactions, a hike in oil prices will have an exaggerated effect on its economy and people’s consuming habits.
Despite these ill effects, the overall global economic recovery will not be reversed. The current flux of oil prices began in January 2002, yet it did not prevent the economies of the United States, Japan and the EU from pushing ahead since late 2003. A brisk increase of oil prices actually indicates, to some degree, that economic recovery spurs oil demand, though oil production has not been exceeded by demand in the international market. Aside from the impact of a cut in production by the Organization of Petroleum Exporting Countries(OPEC)and the tense situation in the Middle East, it has been the speculations of major international oil companies that have largely contributed to the spike in oil prices.
This will have limited effect on economic growth of the countries that are driven by sectors, such as the hi-tech and service industries. Impact will be severer in newer markets, whose economies rely more on manufacturing and are less dynamic. In fact, economic growth for the least developed countries could fall 2 percentage points. The IMF predicted that the three major economies of the United States, Japan and the EU would enjoy economic growth at 4. 6 percent, 3. 4 percent and 1. 7 percent respectively this year, even if oil price remains at $ 40 per barrel. Even when the rates drop marginally, from 0.3 to 0.5 percentage points, their growth would still be higher than their respective 3.1 percent, 2. 7 percent and 0.4 percent in 2003. [br] Which of the following can be the best title for the passage?
选项
A、Changes of World Oil Prices
B、Oil Prices and the World Economy
C、What Can Oil Price Growth Bring?
D、Soaring Oil Prices’ Effect on the U. S.
答案
B
解析
主旨大意题。文章阐述了世界油价上涨对各国经济的影响,其中提到了发达国家和发展中国家,所以选项[B]符合文章内容。[A]过于笼统,“全球油价变化”相对太泛;[C]也比较笼统,文章主要侧重对经济的影响;[D]过于片面,文中不只是提到了美国经济所受的影响。
转载请注明原文地址:https://tihaiku.com/zcyy/2967425.html
相关试题推荐
Consumershadbetterchooseaproviderofacreditcardwith______.[br]Whatd
Consumershadbetterchooseaproviderofacreditcardwith______.[br]Toavo
Consumershadbetterchooseaproviderofacreditcardwith______.[br]Ifyou
Consumershadbetterchooseaproviderofacreditcardwith______.[br]lfyou
Virtuallyallconsumerswillhaveacreditcardintheirlives.Selectingac
Ratesarelow,butconsumerswon’tborrowWithheavydeb
Ratesarelow,butconsumerswon’tborrowWithheavydeb
Ratesarelow,butconsumerswon’tborrowWithheavydeb
Ratesarelow,butconsumerswon’tborrowWithheavydeb
Notsolongago,predictionmarkets(市场预测)werebeingconsideredasafanta
随机试题
7SecretTestsofAttractionA)You’reasmart,attractiveperson
既至目外眦,又至目内眦的经脉是()A.手少阳三焦经 B.足少阳胆经
共用题干 GlobalWarmingFewpeoplenowquest
三羧酸循环的关键酶是A.丙酮酸羧化酶、异柠檬酸脱氢酶、α-酮戊二酸脱氢酶B.柠檬
加拿大来华演员大山,有一次在北京郊外开车超过规定时速,被交警拦住。大山问“一小时
按2011年的人口自然增长率计算,预计2012年的人口约为()万人。A.
关于支气管舒张试验,以下说法正确的是()A.试验前无需停用支气管扩张药 B
同一机构对同一房地产估价,只能选用一种估价方法进行估价。()
在买卖合同中权利的瑕疵担保义务是指()。A.出卖人负有保证第三人不得向买受人主张
洗涤红细胞特点是( )。A.淋巴细胞含量很少 B.血浆蛋白的含量很少 C.
最新回复
(
0
)