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[主观题]

The Growth Model is more popular with Third World scholars than Western scholars.A．YESB．NO

The Growth Model is more popular with Third World scholars than Western scholars.

A．YES

B．NO

C．NOT GIVEN

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更多“The Growth Model is more popul…”相关的问题

第1题

The relationship between the home and market economics has gone through two distinct s

tages. Early industrialization began the process of transferring some production processes (e.g. clothmaking, sewing, and canning foods) from the home to the marketplace. Although the home economy could still produce these goods, the processes were laborious and the market economy was usually more efficient. Soon, the more important second stage was evident- the marketplace began producing goods and services that had never been produced by the home economy, and the home economy was unable to produce them (e.g. electricity and electrical appliances, the automobile, advanced education, sophisticated medical care). In the second stage, the question of whether the home economy was less efficient in producing these new goods and services was irrelevant; if the family were to enjoy these fruits of industrialization, they would have to be obtained in the marketplace. The traditional ways of taking care of these needs in the home, such as nursing the sick, became socially unacceptable(and, in most serious cases, probably less successful). Just as the appearance of the automobile made the use of the horse-drawn carriage illegal and then impractical, and the appearance of television changed the radio from a source of entertainment to a source of background music, so most of the fruits of economic growth did not increase the options available to the home economy toe either produce the goods or services or purchase them in the market. Growth brought with it increased variety in customer goods, but not increased flexibility for the home economy in obtaining these goods and services. Instead, economic growth brought with it increased consumer reliance on the marketplace. In order to consume these new goods and services, the family had to enter the marketplace as wage earners and consumers. The neoclassical model that views the family as deciding whether to produce goods and services directly or to purchase them in the marketplace is basically a model of the first stage. It cannot accurately be applied to the second (and current ) stage.

1. The reason why many production processes were taken over

by the marketplace was that ____.

A. it was a necessary step in the process of industrialization

B. they depended on electricity available only to the market economy

C. it was troublesome to produce such goods in the home

D. the marketplace was more efficient with respect to these processes

2. It can be seem from the passage that in the second stage _______.

A. some traditional goods and services were not successful when provided by the home economy

B. the market economy provided new goods and services never produced by the home economy

C. producing traditional goods at home became socially

unacceptable

D. whether new goods and services were produced by the home economy became irrelevant

3. During the second stage, if the family wanted to consume new goods and services, they had to enter the marketplace _____.

A. as wage earners

B. both as manufacturers and consumers

C. both as workers and purchasers

D. as consumers

4. Economic growth did not make it more flexible for the home economy to obtain the new goods and services because _____.

A. the family was not efficient in production

B. it was illegal for the home economy to produce them

C. it could not supply them by itself

D. the market for these goods and services was limited

5. The neoclassical model is basically a model of the first stage, because at this stage ____.

A.the family could rely either on the home economy or on the marketplace for the needed goods and services

B. many production processes were being transferred to

the marketplace

C. consumers relied more and more on the market economy

D. the family could decide how to transfer production processes to the marketplace

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第2题

Section B – TWO questions ONLY to be attemptedAmbion is the third largest industrial count

Section B – TWO questions ONLY to be attempted

Ambion is the third largest industrial country in the world. It is densely populated with a high standard of living. Joe Swift Transport (known as Swift) is the largest logistics company in Ambion, owning 1500 trucks. It is a private limited company with all shares held by the Swift family. It has signifi cant haulage and storage contracts with retail and supermarket chains in Ambion. The logistics market-place is mature and extremely competitive and Swift has become market leader through a combination of economies of scale, cost effi ciencies, innovative IT solutions and clever branding. However, the profi tability of the sector is under increased pressure from a recently elected government that is committed to heavily taxing fuel and reducing expenditure on roads in favour of alternative forms of transport. It has also announced a number of taxes on vehicles which have high carbon emission levels as well as reducing the maximum working hours and increasing the national minimum wage for employees. The company is perceived as a good performer in its sector. The 2009 fi nancial results reported a Return on Capital Employed of 18%, a gross profi t margin of 17% and a net profi t margin of 9？15%. The accounts also showed a current liquidity ratio of 1？55 and an acid test ratio of 1？15. The gearing ratio is currently 60% with an interest cover ratio of 8.

10 years ago the northern political bloc split up and nine new independent states were formed. One of these states was Ecuria. The people of Ecuria (known as Ecurians) traditionally have a strong work ethic and a passion for precision and promptness. Since the formation of the state, their hard work has been rewarded by strong economic growth, a higher standard of living and an increased demand for goods which were once perceived as unobtainable luxuries. Since the formation of the state, the government of Ecuria has pursued a policy of privatisation. It has also invested heavily in infrastructure, particularly the road transport system, required to support the increased economic activity in the country.

The state haulage operator (EVM) was sold off to two Ecurian investors who raised the fi nance to buy it from a foreign bank. The capital markets in Ecuria are still immature and the government has not wished to interfere with or bolster them. EVM now has 700 modern trucks and holds all the major logistics contracts in the country. It is praised for its prompt delivery of goods. Problems in raising fi nance have made it diffi cult for signifi cant competitors to emerge. Most are family fi rms, each of which operates about 20 trucks making local deliveries within one of Ecuria’s 20 regions.

These two investors now wish to realise their investment in EVM and have announced that it is for sale. In principle, Swift are keen to buy the company and are currently evaluating its possible acquisition. Swift’s management perceive that their capabilities in logistics will greatly enhance the profi tability of EVM. The fi nancial results for EVM are shown in Figure 1. Swift has acquired a number of smaller Ambion companies in the last decade, but has no experience of acquiring foreign companies, or indeed, working in Ecuria.

Joe Swift is also contemplating a more radical change. He is becoming progressively disillusioned with Ambion. In a recent interview he said that ‘trading here is becoming impossible. The government is more interested in over regulating enterprise than stimulating growth’. He is considering moving large parts of his logistics operation to another country and Ecuria is one of the possibilities he is considering.

Section B – TWO questions ONLY to be attemptedAmbi

Required:

(a) Assess, using both fi nancial and non-fi nancial measures, the attractiveness, from Swift’s perspective, of EVM as an acquisition target. (15 marks)

(b) Porter’s Diamond can be used to explore the competitive advantage of nations and could be a useful model for Joe Swift to use in his analysis of countries that he might move his company to.

Examine using Porter’s Diamond (or an appropriate alternative model/framework) the factors which could infl uence Swift’s decision to move a large part of its logistics business to Ecuria. (10 marks)

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第3题

生长分数（growth fraction）

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第4题

n. 信任；信心（）

A.relief

B.growth

C.onfidence

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第5题

The explosive growth in casinos is one of the most () signs of Westernization.