Section C
Direction: Listen to the passage and fill in the blanks with word or words you have heard.
A market economy is one in which crucial( )decisions and choices are made in a decentralized fashion by private individuals, ( ) through a price-and-market mechanism. Historically, the self-regulating market economy is a modern ( )an ancient invention, involving rather special assumptions such as the treatment of land and labor as ( ). This kind of economy --- though never in a pure form --- developed considerably at the time of the English Industrial Revolution. Most of the leading English economists of the day, especially Adam Smith, stressed the virtues of limiting government intervention in economic life so that the market, working through private self-interest, could bring benefits to( ).
Section C
Direction: Listen to the passage and fill in the blanks with words or phrases you have heard.
All successful people place __________________on time. They are time-conscious and always make every effort to get things done __________________________________. They never waste time, and, more importantly, they ______________ punctuality. To them, __________________ means showing respect for others. That’s why they are usually regarded as diligent, _____________, organized and capable. They are good role models.
Section A
Direction: Listen to the dialogue and fill in the blanks with word or words you have heard.
Jack: It would be nice to see you again, Mary. Are you()on Sunday evening
Mary: I’ m sorry, I’m not. I’ve got to visit my aunt in hospital.
Jack: Oh, that’s a pity. Monday’s difficult for me. What about Tuesday evening
Mary: Tuesday’s bad for me (). I’ve got to go to a meeting.
Jack: Wednesday then
Mary: No, Wednesday’s out for me, I’m afraid. I’ve got to()and do some work. I really must.
Jack: Oh, that’s a shame. Well, I can’t make it Thursday. Friday
Mary: I’m awfully sorry. I’ve got to go out for dinner on Friday.
Jack: Have you got to Can’t you get out of it
Mary: I’m afraid not. I’ve ()got to go.
Jack: Well, it looks as if we’ll have to wait till next week then.
Mary: Yes, I’m sorry, Jack. Look, I must go now. I have to meet Lisa in ten minutes. Ring me().
Jack: Fine. Try and keep an evening fr
Section C
Directions: Listen to the passage and fill in the blanks with the word or words you have heard.
Many nations have ports where ships from other countries can unload goods for trade, storage, processing, or ( ) to another ship. Merchants who send their goods to the port of a foreign country usually pay a ( ) , or tax, on their goods as soon as they are unloaded from the ship. However, some countries have free ports, and others, like the United States and China, have foreign trade zones. A free port may be an entire port city where foreign merchants may unload their goods without paying a tariff. In most instances it is( )of a port. As long as the goods remain in the free-port area, or foreign-trade zone, they cannot be taxed.
Nations have tariffs to protect their own merchants and manufacturers from ( ).
If a foreign merchant must pay a tax on his goods, he must charge more for them. In this w
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