中国人民大学2004年考博英语作文 __tA(uA
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Ⅴ Translation (20 points) rWNe&gFM
Part A. (10 points) pl@K"PRE
Directions: Translate the following passage into Chinese on your ANSWER SHEET. gS[B;+d
One might ask why speculation is permitted when there is so real a danger of loss. The basic reason is that speculation can perform useful functions in the market equilibrium and encourages faster entry of more suppliers. If the price change lagged until after an actual commodity shortage had occurred, the fluctuation would probably be sharper and more sudden. Remedial supply action could not be further delayed. Similarly, if speculators foresee a surplus in some commodity, their selling of futures will help drive the price down to some extent before the surplus actually occurs. When speculators foresee a shortage and bid up the price, they are also helping to conserve the present supply. As the price goes up, less of the commodity is purchased; a rise in price encourages users to economize. Similarly, a lowering of price encourages users to buy more, thus helping to sell the surplus which is developing. ESoC7d&.K{
Part B. (10 points) v+g:0
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Directions: Translate the following into English on your ANSWER SHEET. `0U\|I#
中国已经发展成为一个全球极富吸引力的、现实的大市场。世界各国和地区不少有远见卓识的企业家，都将目光投向了中国，并从投资活动中获得了丰厚的回报。我相信，中国加入世贸组织后，外商参与中国投资活动的机会将越来越多，自身发展的空间也越来越大。在中国的投资活动一定能成为沟通世界各国和地区的企业家与中国市场的一座桥梁，促进中国和世界经济共同发展、共同繁荣。 L58H)V3Pn
Ⅵ Writing (20 points) n>eDN\5
Directions: Write an essay in no less than 250 words with the title “My Understanding of Globalization”. Your essay should be written on the Answer Sheet.
