Reading Comprehension Questions (Set 2)
Select Exercise Lists |
Question |
Answer Sheet of Set 2 |
Refute the theory that the free market plays a useful role in the development of industrialized societies. | |
Suggest methods by which economist and members of the government of the United States can recognize and combat price-fixing by large firms. | |
Explain the various ways in which industrialized societies can fix in order to stabilized the free market | |
Argue that price-fixing, in one form or another, is an inevitable part of and benefit to the economy of any industrialized society. | |
Analysis of free markets in different economies |
I only | |
III only | |
I and II only | |
II and III only | |
I, II and III |
spiteful and envious | |
scornful and denunciatory | |
critical and condescending | |
ambivalent but deferential | |
uncertain but interested |
people do not have confidence in large firms | |
people do not expect the government to regulate prices | |
most economists believe that consumers as a group should determine prices. | |
most economists associate fixed prices with communist and socialist economies. | |
Most economists believe that no one group should determine prices. |
a profitable result of economic development | |
an inevitable result of the industrial system | |
the result of a number of carefully organized decisions. | |
a phenomenon common to industrialized and to industrialized societies. | |
a phenomenon best achieved cooperatively by government and industry. |
accidental but productive | |
illegal but useful | |
legal and innovative | |
traditional and rigid | |
intentional and widespread. |
Soviet firms show greater profit | |
Soviet firms have less control over the free market | |
Soviet firms are able to abject to technological advances. | |
Soviet firms have some authority to fix prices. | |
Soviet firms are more responsive to the free market. |
The directors of large firms will continue to anticipate the demand for products | |
The directors of large firms are less interested in achieving a predictable level of profit tan in achieving a large profit. | |
The directors of large firms will strive to reduce the costs of their products. | |
Many directors of large firms believe that the government should establish the prices that will be charged for products. | |
Many directors of large firms believe that the price charged for products is likely to increase annually. |
predicting the consequences of a practice | |
criticizing a point of view | |
calling attention to recent discoveries. | |
proposing a topic for research. | |
summarizing conflicting opinions. |