首页
登录
职称英语
(l)Suppose you are driving on a highway with three lanes going in your direc
(l)Suppose you are driving on a highway with three lanes going in your direc
游客
2024-09-14
8
管理
问题
(l)Suppose you are driving on a highway with three lanes going in your direction and you come upon a toll plaza with six toll booths. Three toll booths are straight ahead in the three lanes of traffic, and the three other booths are off to the right. Which lane should you choose? There are usually enough people searching for the shortest line so as to make all the lines about the same length.
(2)The term profit in economics has a very precise meaning. Economists, however, often loosely refer to "good deals" or profitable ventures with no risk as profit opportunities. Using the term loosely, a profit opportunity exists at the toll booths if one line is shorter than the others. The general view of economics is that profit opportunities are rare. At any one time there are many people searching for such opportunities, and as a consequence few exist.
(3)At major banks in big cities, you can buy foreign currencies. The prices of these currencies are determined in world money markets. With dollars we can buy marks; with these marks we can buy francs; and with these francs we can buy back dollars. Can we make money on this transaction? If this is possible, we say that there are profit opportunities in the market. There are in fact almost never any profit opportunities of this kind in foreign currency markets. There are always individuals looking for such opportunities, and if any opportunity does arise it is quickly eliminated.
(4)If, for example, the mark-franc price is too low with respect to the other prices, there is an immediate rush to buy marks and sell francs, not by ordinary citizens at bank windows, but by a few large currency traders in Tokyo, London, or Zurich who watch prices every minute. Such a rush drives up the mark-franc price to the no-profit-opportunity point. Markets like this, where any profit opportunities are eliminated almost instantaneously are said to be efficient markets.
(5)The common language way of expressing the efficient markets hypothesis is "there’s no such thing as a free lunch". How should one react when a stock broker calls up with a hot tip on the stock market? With skepticism. There are thousands of individuals each day looking for hot tips in the market, and if a particular tip about a stock is valid there will be an immediate rush to buy the stock, which will quickly drive its price up. By the time the tip gets to your broker and then to you, the profit opportunity that arose from the tip (assuming that there was one) is likely to have been eliminated. Similar arguments can be made for bond markets and commodity markets. They are many "expert" in these markets, who take quick advantage of any news that affects prices.
(6)This economist’s view that there are very limited profit opportunities around can, of course, be carried too far. There are clearly times when profit opportunities exist. Someone has to be first to get the news, and some people have quicker insights than others. Nevertheless, news does get disseminated quickly, and there are thousands of people with quick insights. The general view that profit opportunities are rare is close to the mark. [br] What is the author’s attitude towards the idea that "profit opportunities are rare"?
选项
A、Doubtful.
B、Cautious.
C、Consenting.
D、Ironic.
答案
C
解析
观点题。本文首先在第2段倒数第2句提出经济学的观点“获利机会是少有的”,接着作者举了多个例子说明这一点,并在文末表明自己对此的看法,末段末句中的close to the mark表明作者认同经济学的观点。因此本题答案为选项C。
转载请注明原文地址:https://tihaiku.com/zcyy/3758325.html
相关试题推荐
HowmuchdoestheWorldBanksupposetospendinfacingtheagriculturalchallen
HowmuchdoestheWorldBanksupposetospendinfacingtheagriculturalchallen
Inthesentence"Ihavedressedupproperlyforthismeeting,whichwassupposed
Whichofthefollowingsentencesexpressesafact?A、Heisaniceman,Isuppose.
(1)The21stcenturyusheredinwhatwassupposedtobepaperlessliving.The
(1)The21stcenturyusheredinwhatwassupposedtobepaperlessliving.The
I’vealwaysbeenanoptimistandIsupposethatisrootedinmybeliefthat
I’vealwaysbeenanoptimistandIsupposethatisrootedinmybeliefthat
I’vealwaysbeenanoptimistandIsupposethatisrootedinmybeliefthat
(l)Supposeyouaredrivingonahighwaywiththreelanesgoinginyourdirec
随机试题
Theworldhasheardmuchabouthowtheburningoffossilfuelscausesthegr
Wewillhavetopaythemalarge______ofmoneyfortheirservice.A、sizeB、set
糖酵解持续进行生成乳酸的原因是A.此反应可阻断有氧氧化 B.通过NADH+再氧
合格境外投资者业务资格应经中国证监会审批,应当具备以下条件( ) ①申请人的
患者,女性,25岁,公司职员。平时工作紧张,常有疲乏、失眠。今晨工作时因面色苍白
2011年9月23日,《银行家》杂志正式发布了“2011中国商业银行竞争力评价报
患者女,54岁。发现左下牙龈菜花样溃疡2个月,无下唇麻木症状,活检诊为"鳞癌Ⅰ级
关于免疫细胞和膜分子,错误的组合是A.辅助性T细胞-CD4抗原阳性 B.单核吞
(2018年真题)个体工商户凭营业执照以字号或经营者姓名开立的银行结算账户纳入单
在履行合同过程中,发包人有违约情形的,承包人可向发包人发出通知,要求发包人采取有
最新回复
(
0
)