A couple of years ago, those who forecast that oil price would reach $ 100 a barrel were seen as doomsters. However, now some are predicting $ 200 a barrel. Had economists been told that oil price would barely pause at $ 100 before reaching the recent peak of nearly $ 127, they would no doubt have forecast terrible economic consequences. But the global economy, though interrupted by the high price of energy, is still chugging along. Meanwhile, inflation has picked up, but the headlinerates of inflation in most developed countries are nowhere near the levels seen in the 1970s and 1980s. There are three explanations for the oil price's unclear impact. The first is that nowadays developed economies are more efficient in their use of energy, thanks partly to the increased importance of service industries and the diminished role of manufacturing . According to the Energy Information Administration, the energy intensity of America's GDP fell by 42% between 1980 and 2007. A second theory is that the oil-price rise has been steady, not sudden, giving the economy time to adjust. Giovanni Serio of Goldman Sachs points out that in 1973 there was a severe supply shock because of the oil embargo , when the world had to cope with 10%-15% less crude almost overnight. Not this time. The third explanation turns the argument on its head; rather than oil harming the global economy, it is global expansion that is driving up the price of oil. The most important factor is the shift in favor of the developing economies. America has responded to high price in familiar fashion: UBS forecasts that demand will drop by 1.1% this year and will be no higher in 2010 than it was in 2004. But the demand from China and other emerging markets is more than offsetting this shortfall. What can we conclude from the passage? A) In USA, the demand for oil in 2010 will be very high. B) In USA, the demand for oil in 2010 will be higher than it was in 2004. C) In USA, the demand for oil in 2010 will be as high as it was in 2004. D) In USA, the demand for oil in 2010 will be as low as it was in 2004.
D
(Question)
The private automobile has long played an important role in the United States. In fact, it has become a necessary and important part of the American way of life. In 1986, sixty-nine percent of American families owned at least one car, and thirty-eight percent had more than one. By giving workers rapid transportation, the automobile has freed them from having to live near their place of work. This has encouraged the growth of the cities, but has also led to traffic problems. For farm families the automobile is very helpful. It has made it possible for them to travel to town very often for business and for pleasure, and also to transport their children to distant schools. Family life has been affected in various ways. The car helps to keep families together when it is used for picnics, outings, and other shared experiences. However, when teenage children have the use of the car, their parents can't keep an eye on them. There is a great danger if the driver has been drinking alcohol or taking drugs, or is "showing off" by speeding or breaking other traffic laws. Mothers of victims of such accidents have formed an organization called MADD(Mothers Against Drunk Driving). These women want to prevent further tragedies . They have worked to encourage the government to limit the youngest drinking age. Students have formed a similar organization, SADD (Students Against Drunk Driving) and are spreading the same message among their friends. For many Americans the automobile is a necessity. But for some, it is also a mark of social position and for young people, a sign of becoming an adult. Altogether, cars mean very much to Americans. Which of the following is NOT mentioned in the text? A) Cars have encouraged the growth of the cities. B) Cars can bring families together when they go for picnics. C) Cars have enabled people to live far from their place of work. D) Cars help city families to transport their children to faraway schools.
(Answer)
D
Ques: Ensure you are prepared for your exams by understanding the processes, dates and support information relating to examinations. Please read the information under Examination Policies and Processes below, especially the Rules to be observed by candidates for examinations. Examination period Semester 1, 2015 Monday 15 June -- Saturday 27 June (inclusive) Semester 2, 2015 Monday 9 November -- Saturday 21 November (inclusive) Important notice: special consideration All students are reminded that submitting an unreal medical certificate or PPC with a special consideration application amounts to misconduct and carries severe fines and punishment. Final personal exam timetables will be available from 4:00pm Thursday the 8th of October. Rules to be observed by candidates for examinations (updated April 2012) You need to follow all instructions given by examination teachers. 1. You may take in pens, pencils, drawing instruments and small items of food such as sweets. These items may be left on the desk during the examination. You may also bring in small valuables such as wallets, purses, mobile phones and laptops which must be powered off, not just silent. These items must be placed on the floor below the desk. Don't leave money or valuables in bags. The University can accept no responsibility for the loss of students' personal property. 2. Anything taken into an examination room must be made available for inspection by the examiner or other University staff. 3. The use of approved calculators may be permitted in examinations. The make and model of all calculators used by students in formally inspected examinations will be recorded. You are not permitted to share calculators, or pass them between each other in an examination. Mobile phones which have a calculator facility are not allowed. Use of a non-approved calculator may be regarded as misconduct. If you are unsure what functionality is permitted, make sure you check with your examiner that your calculator may be used in the examination. 4. No candidate may be... Students who fall ill during an exam _ . A) will be offered special arrangements to meet particular requirements B) will be asked whether to see a doctor at the University Health Service C) will be required to go to see the doctor and end the exam immediately D) will be advised by invigilators to read the Special Consideration section
Ans:
B