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THREE AMERICANS WIN NOBEL ECONOMICS PRIZE The Royal Swedish Academy of Sciences awarded the Nobel Prize in economics to three Americans, Eugene Fama, Lars Peter Hansen and Robert Shiller on Oct. 14, 2013. Eugene Fama and Lars Peter Hansen are both professors at the University of Chicago. Robert Shiller is a professor at Yale University. They will share the prize worth about 1.2 million dollars. “This year's prize in economic sciences is about predictions.” All three of this year's prize winners are mainly known for their research and explanations of pricing forces in financial markets. They have had a big influence on the way people look at and talk about financial markets. Eugene Fama's research on financial markets in the 1960s led market watchers to change their ideas about investing. His ideas are linked to the theory that markets are efficient, which means market actors taking all available information to create the correct price for things at any given time. This also means that over short periods of time, it is not possible to predict prices. Robert Shiller found, however, that over long periods, the opposite is true. It is possible to predict the movement of prices and that price changes are linked to human behavior. The findings of both economists have led to the growth of index funds, investing many different securities as a way to reduce risk. Mr Shiller also helped to create the Standard & Poor's Case-Shiller home prices index. That index follows home prices across the United States. Lars Peter Hansen developed a method for studying historical pricing information. His method supports Mr Shiller's findings and has influenced efforts to predict prices in the financial industry. The Nobel Prize in economics was not created by Alfred Nobel, but was established in his memory by Sweden's central bank in 1968.
1. The Royal Swedish Academy of Sciences awarded the Nobel Prize in electronics to three Americans on Oct. 14, 2013.()
2. Eugene Fama, Lars Peter Hansen and Robert Shiller won the prize for their research and explanations of pricing forces in financial markets.()
3. Eugene Fama's research on financial markets in the 1960s resulted in some change in how market watchers look at investing.()
4. The findings of both economists have led to the growth of price prediction, investing many different securities as a way to reduce risk.()
5. The Nobel Prize in economics was established in memory of Alfred Nobel by Sweden's central bank in 1968.()
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Our stocks include a wide range of first-class electrical typewriters at very competitive prices.They have the correcting and automatically storing system. From the catalogues enclosed, you will find that our prices are much lower than those in the market.(英译中)
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第4题:
The moral shortsightedness is revealed in the fact that _____.
[A] the government has stopped the experiment on human tissue
[B] the donation consent forms are difficult to understand
[C] the Human Tissues Act is an obstacle to important medical research
[D] embryonic research shows disregard for human life
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第8题:
Please()me how to do the market research for a new product.
A take
B have
C show
D give
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Colleting market prices of goods.
Spreading ideas at a low cost.
Promoting political lobbying.
All of the above.
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other extreme losses in tax revenue
pleasant feeling the consumers may have
good consumption the market may sustain
confidence consumers have over the goods
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The research shows that successful people are similar in many ways.
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As umbrella prices in our last order were much higher than those prevailing in our market, we expect a corresponding reduction of your prices to around US$ 30dozen and would be interested to hear whether you can accept our order of 3,000dozen.(英译中)
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第16题:
The most appropriate title for this text could be __.( )
[A] Fluctuation of Art Prices
[B] Up-to-date Art Auctions
[C] Art Market in Decline
[D] Shifted Interest in Arts
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第20题:
take
have
show
give
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第22题:
make a comparison between the program target and the program audience
emphasize the similarities between the market segment and the program target
provide an example of the way three groups of consumers are affected by a marketing program
clarify the distinction between the market segment and the program target
第23题:
around
from
on
near