The financial firm Dow Jones and Company computes business statistics every hour on the hour of

each of the business of the year, and these statistics are known as the Dow Jones averages. They are based
on a select group of stocks and bonds that are traded on the New York Stock Exchange.
The Dow Jones averages are composes of four different types of averages.: the averages price of the
common stock of thirty industrial firm, the average price of the common stock prices twenty transportation
companies, the average price of the common stock prices of fifteen utility companies, and an overall average
of all the sixty-five stock used to compute the first three averages. Probably the average that is the most
commonly used is the industrial average; it is often used by an investor interested in checking the state of the
stock market before making an investment in an industrial stock

1.

The main point of this passage is that

A.
B.
C.
D.
2.

the Dow Jones averages are center of world industrial Stock Exchange.
Dow Jones is not financial firm
Dow Jones has twelve transportation companies
an investor used to make an investment in an industrial stock

According to the passage, before making an investment in an industrial stock

A.
B.
C.
D.

an investor used to check his decision

A report of the stock market makes investation
an industrial stock used to make an investment
an investor check the industrial average

3. Which of the following is NOT true according to the passage?

A. every hour, Dow Jones computes business statistics
B. Dow Jones averages are composes of four different types of averages
C. industrial average of Dow Jones is the most favorite for investor
D. making an investment in an industrial stock is easy
4. The pronoun They in line 2 refers to
A. the business day
B. these statistics
5. The pronoun it in line 6 refers to
A. the industrial average
B. an investor

C. stocks and bonds

D. Four different types
C. the state of the stock market
D. an investment

In the overall assessment of world population development, there will be continued substantial
population growth and a major age structure change. Between 2000 and 2050, the worlds population rises
from 6.1 billion to 9.6 billion, an increase of 57%.
Over this 50 years, the population of Europe, North America, Japan rises just 7 %, from 1.3 billion to 1.4
billion. Thus most of the rise in the worlds population that occurs between 2000 and 2050 occurs in the
developing countries of the world: Asia, South America and Africa.

6.

What is the best title for the passage?

A.
B.
7.
8.

World Population development to 2050

C. A major age structure change

D. Assessment of world population

The rise of world population in the world

It can be inferred from the passage that world population development will increase
C. around 57 % in entire world
A. 57 % in Australia
D. except in China
B. more than 7 % in Italy
The passage states that all the following occurred between 2000 and 2050 except that

A.
B.
C.
D.
9.

Europe population rises more than 7 %

South America will have less then 4 billion population
Asia have 9 billion of world population
Only 7 % does North America rise in population.
Which of the following best describes the organization of the passage?

A.
B.

a theme followed by an example

C. opposing viewpoints of issue

a problem and solution

D. a problem and its causes

10. What is the topic of next paragraph?

A. the rises of Asias population
B. The rises of Europe population

C. The rises of developing countries population

D. The rises of Africas population

A comparison of distinctive approaches seeks to explain the existence of public goods; Nature of public
good, a purely subjective majority voting process of public good and spontaneous occurrence of public good.
The Samuelson-Musgraves approach results in a Social welfare function, which is equivalent to the
perspective of an outsider looking in to determine what is good for society. It may seem somewhat
pontificatory in nature, but this is how public finance sees its traditional function: advising governments.
Buchanan, in contrast, develops what he calls avoluntary exchange theory of public goods. Citizens
who participate as taxpayers and as beneficiaries of public services should be the ones to decide what
choices are best for them when it comes to determining which and how many goods should be publicly
provided, and how to tax themselves to pay for these goods.
Coases approach focuses on the fact that goods and services can only be bought and sold and
therefore brought within the orbit of the market mechanism. Ownership of a good or service means that
people can have property rights.
11. What is the topic of the passage?
A. a different types of public good
B. the Samuelson-Musgraves theory of public good
C. a voluntary exchange theory of public goods
D. how public finance sees its traditional function
12. Which of the following is NOT true according to the passage?
A. the Samuelson-Musgraves approach results in a Social welfare function.
B. taxpayers should be the ones to determine the policy.
C. a good or service can be owned by people as property rights.
D. Coase said that it is forbidden to have right in good and services.
13. The word distinctive in line 1 is closed in meaning to
A. various
C many things
B. different
D. a lots
14. Which of the following best describes the organization of the passage?
A. a theme followed by an example C. opposing viewpoints of issue
D. a problem and its causes
B. a problem and solution
15. The pronoun its in line 7 is refers to
C. Social welfare function
A. Samuelson-Musgrave
D. public finance
B. approach
Although the Wealth of Nation by Adam Smith appeared in 1776, it includes many of the ideas that
economists still consider the foundation of private enterprise. The ideas put forth by Smith compose the basis
of the philosophies of the school of thought called classical economics.

According to Smith ideas, free competition and free trade are vital in fostering the growth of an
economy. The role of government in the economy is to ensure the ability of companies to compete freely.
Smith, who was himself a Scot, lived during the period of the Revolution in America and in France.
During this epoch, the predominant political though was a strong belief in freedom and independence in
government. Smiths economic ideas of free trade and competition are right in line with these political ideas.
16. What is the topic of the passage?

A.
B.

Adam Smiths school of thought of economy

classical economics is the basis of the philosophies of the school of thought by Adam Smith

C.
D.

free competition and free trade are vital in fostering the growth of an economy
Smith, who was himself a Scot, lived during the period of the Revolution in America and in France

18. According to the passage, Smith ideas are in the following, except:
A. free competition and free trade are vital in fostering the growth of an economy
B. the role of government in the economy is to ensure the ability of companies to compete freely
C. wealth of Nation by Adam Smith appeared in 1776
D. Smiths economic ideas of free trade and competition are right in line with the market