If income is transferred from rich persons to poor persons the proportion in which different sorts of goods and services are provided will be changed. Expensive luxuries will give place to more necessary articles, rare wines to meat and bread, new machines and factories to clothes and improved small dwellings; and there will be other changes of a like sort. In view of this fact, it is inexact to speak of a change in the distribution of the dividend in favor of, or adverse to, the poor. There is not a single definitely constituted heap of things coming into being each year and distributed now in one way, now in another. In fact, there is no such thing as the dividend from the point of view of both of two years, and therefore, there can be no such thing as a change in its distribution.
This, however, is a point of words rather than of substance. What I mean when I say that the distribution of the dividend has changed in favor of the poor is that, the general productive powe A. amassing all products from the last two years and reallocating them B. ensuring the majority of products available are more useful to the poor C. offering low priced stock that the poor could afford D. by limiting the buying of the rich
[简答题]Listen to the following passage. Write in English a short summary of
around 150-200 words of what you have heard. You will hear the passage only once
and then you will have 25 minutes to finish your summary. This part of the test
carries 20 points. You may need to scribble a few notes to write your summary.
[多项选择]下列关于票据文义记载的法律效果的表述中，符合相关法律规定的有( )。 A. 汇票上未记载付款日期的，为见票即付 B. 票据金额的中文大写与数码不一致的，票据无效 C. 出票人记载“不得转让”字样的票据，其后乎以此票据进行贴现的，通过贴现取得票据的持票人享有票据权利 D. 背书人未记载被背书人名称即将票据交付他人的，持票人在票据被背书人栏内记载自己的名称与背书人记载具有同等法律效力
[单项选择]Questions 14 to 16 are based on the following passage. At the end of the passage, you will be given 15 seconds to answer the questions. Now, listen to the passage. Which of the following was NOT the achievement of the fund-raising campaign started by President Pusey A. Increasing students’ number. B. Broadening student aid. C. Creating new professorships. D. Expanding Harvard’s physical facilities.
