[单项选择]Passage One
①The California Public Employees’ Retirement System(CalPERS) has positioned itself as the premier champion of investor rights, regularly singling out bad managers at some of the nation’s largest companies in its annual corporate-guvemance focus lists. And with $153 billion under management, Wall Street tends to listen when CalPERS speaks out. But the country’s largest pension fund has never taken on as big a fish as it did Dec. 16, when it filed a class action against the New York Stock Exchange and seven of its member firms. CalPERS’ suit charges the NYSE and specialist firms with fraud, alleging that the exchange skirted its regulatory duties and allowed its members to trade stocks at the expense of investors.
The move is a major slap in the face for the NYSE’s recently appointed interim Chairman John Reed. The former Citibank chairman and CEO came on board in September after the exchange’s longtime head, Richard Grasso, resigned under press
A. the NYSE did ignore its regulatory duties
B. John Reed should resign like his predecessor
C. the investors were dissatisfied with the NYSE
D. the exchange should have its board reelected

[单项选择]Passage One
①The California Public Employees’ Retirement System(CalPERS) has positioned itself as the premier champion of investor rights, regularly singling out bad managers at some of the nation’s largest companies in its annual corporate-guvemance focus lists. And with $153 billion under management, Wall Street tends to listen when CalPERS speaks out. But the country’s largest pension fund has never taken on as big a fish as it did Dec. 16, when it filed a class action against the New York Stock Exchange and seven of its member firms. CalPERS’ suit charges the NYSE and specialist firms with fraud, alleging that the exchange skirted its regulatory duties and allowed its members to trade stocks at the expense of investors.
The move is a major slap in the face for the NYSE’s recently appointed interim Chairman John Reed. The former Citibank chairman and CEO came on board in September after the exchange’s longtime head, Richard Grasso, resigned under press
A. A．1) probably refer to CalPERS.B. Pension fund.C. Wall Street.D. NYS

[单项选择]

The California Public Employees’ Retirement System (CalPERS) has positioned itself as the premier champion of investor rights, regularly singling out bad managers at some of the nation’s largest companies in its annual corporate-governance focus lists. And with $153 billion under management, Wall Street tends to listen when CalPERS speaks out. But the country’s largest pension fund has never taken on as big a fish as it did Dec. 16, when it filed a class action against the New York Stock Exchange and seven of its member firms. CalPERS’ suit charges the NYSE and specialist firms with fraud, alleging that the exchange skirted its regulatory duties and allowed its members to trade stocks at the expense of investors.
The move is a major slap in the face for the NYSE’s recently appointed interim Chairman John Reed. The former Citibank chairman and CEO came on board in September after the exchange’s longtime head, Richard Grasso, resigned und
A. CalPERS.
B. Pension fund.
C. Wall Street.
D. NYS

[单项选择]

Passage One
Public goods are those commodities from whose enjoyment nobody can be effectively excluded. Everybody is free to enjoy the benefits of these commodities, and one person’ s utilization does not reduce the possibilities of anybody else’ s enjoying the same good.
Examples of public goods are not as rare as one might expect. A flood control dam is a public good. Once the dam is built, all persons living in the area will benefit--irrespective of their own contribution to the construction cost of the dam. The same holds true for highway signs or aids to navigation. Once a lighthouse is built, no ship of any nationality can be effectively excluded from the utilization of the lighthouse for navigational purposes. National defense is another example. Even a person who voted against military expenditures or did not pay any taxes will benefit from the protection afforded.
It is no easy task to determine the social costs and social benef
A. he is naturally cruel to animals
B. he thinks of them as workers rather than peers
C. he dislikes his quarrelsome dogs
D. his dogs can endure extreme cold

[单项选择]
One of the most interesting experiments in electronic communication I’ve ever seen is coming from Wave. It’s real-time e-mail. What that means is that as you’re typing a message in Wave, either a new message or a reply, the person you’re writing to can see what you’re typing as you type it. Sounds awful, right
You don’t have to use Wave in this real-time way. It also works as a standard e-mail. What’s really different about Wave is that if you’re replying to a message and the person you’re replying to happen to be online, they can jump into the conversation at that point, and change what is an e-mail conversation into an instant message conversation or a chat.
Wave right now is still closed to most users. And Wave isn’t yet connected to other communication systems, like regular e-mail, which means that the only people we can Wave with are other people on Wave as well. So we don’t yet know what using Wave will be like
A. It makes people see each other online.
B. It enables people to send real-time e-mails.
C. It allows you to send more e-mails at the same time.
D. It can be easily connected to other communication systems.

[填空题]
Passage One

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