[单项选择]Edward Murray and Kelvin Rippen, economists at M-R Associates, are asked for their opinions on the effects of higher-than- expected inflation. Murray states that higher-than-expected inflation hurts lenders and helps borrowers. Rippen contends that higher-than-expected inflation causes the real interest rate to be lower than expected. Regarding the statements made by Murray and Rippen: Murray Rippen （）①A. Correct Incorrect ②B. Incorrect Correct ③C. Correct Correct
A. ①
B. ②
C. ③

[填空题]Murray Goldman

[填空题]Edward Riis

[单项选择]

What did Mr. Murray want Mrs. Murray to do
A. To give up her job.
B. To earn as much as he does.
C. To do all of the housework.
D. To hold a party for his friends.

[单项选择]American economists once spoofed university education as the only industry in which those who consume its product do not purchase it; those who produce it do not sell it, and those who finance it do not control it. That apt description, made in the 1970s, has been undermined since then by the emergence of the first for-profit universities in the United States. Controlled by entrepreneurs, these schools which number about 700 and counting sell a practical education to career-minded students and make a good buck doing it. They are now expanding abroad, creating the first multinational corporations in a sector long suspicious of balance sheets.
The companies are lured by a booming market in which capitalist competition is still scarce. The number of university students is expected to double in the next 25 years to 170 million worldwide. Demand greatly exceeds supply, because the 1990s saw massive global investment in primary and secondary schools, but not in universities. The number
A. Americans are arguing about the for-profit universities.
B. Americans used to pay little for university education.
C. Americans are in favor of the expansion of the universities.
D. Americans call for the supervision of the for-profit universities.

[单项选择]
Disagreements among economists are legendary, but not on the issue of free trade. A recent survey of prominent economists both conservative and liberal concluded that an economist who argues for restricting international trade is almost as common today as a physician who favors leeching.
Why the consensus International free trade, economists agree, makes possible higher standards of living all over the globe.
The case for free trade rests largely on this principle: as long as trade is voluntary, both partners benefit, otherwise they wouldn’t trade. The buyer of a shirt, for example, values the shirt more than the money spent, while the seller values the money more. Both are better off because of the sale. Moreover, it doesn’t matter whether the shirt salesman is from the United States or Hong Kong(or anywhere else).
The vast majority of American manufactures face international competition. This competition forces com
A. International free trade may improve the standard of living all over the world.
B. Economists are all in favor of the free trade policy.
C. International free trade may create international competition.
D. Protectionism has been abolished due to encouraging monopoly, lower quality and higher prices.