Đề thi tiếng anh chuyên ngành 1 có Đáp Án

Government spending Government spending or public spending in Britain, it takes up over 45% of GDP.. This investment spending adds to the economy's capital stock and can have important d

ĐÈ 5

I Choose the best answer A, B, C or D.

1 On the market demand and supply graph, the vertical axis shows

a.demand

b equilibrium

c.prices

d quantity

2 In the price system of a market economy, prices are determined

by

a central planning

b market forces

c political forces

d private investors

3 If my government is selling me bread for $5 a loaf, and I have no choice but to buy that type of bread, I live in a economy.

a Traditional

b Market

c Command

d Mixed

4 The use of taxes and government spending to affect the economy

a MonetaryPolicy

b.Fiscal Policy

c Contractionary Policy

d Expansionary Policy

5 Fiscal policy aims to influence the economic activity through the use of

a money supply and interest rate

 b exchange rate

c.government spending and taxation

d direct and indirect taxation

6 The rate which the Fed charges banks for a loan

a.Discount rate

b Federal fund

c reserve ratio rate

d prime rate

7 When CDs became popular, people stopped listening

to tape cassettes curve for tape cassettes to shift  

This caused the

a demand/right

b demand/left

 c supply/right

d supply/left

8 Our tax money is spent on all of the following except

a.Social Security

b The Military

c.Private School

 d National Parks Education

9 If the government takes in more than it spends it is known as…

 a balanced budget

 b discretionary

c.budget deficit

d budget surplus

10 , a simple four letter word, is the entire reason for the existence of the insurance industry.

a.Risk

b Gold

c Danger

d Loss

II Reading the passage carefully and Choose the best answer A, B, C or D.

Government spending

Government spending (or public spending) in Britain, it takes up over 45% of GDP Spending by the public sector can be broken down into three main

areas:

Transfer Payments:

These are welfare payments made available through the social security system including the Jobseeker's Allowance, Child Benefit, State Pension,Student Grants,

Housing Benefit, Income Support and the Working Families Tax Credit

The main aim of transfer payments is to provide a basic floor of income or minimum standard of living for low income households: And they allow the government to change the final distribution of income In 2010-11 the

UK government spent £196bn on welfare benefits, equivalent to 13.4% of

GDP.

Current Government Spending: L.e spending on state-provided goods & services that are state-provided on a recurrent basis-for example salaries paid to people working in the NHS and resourse for sate education and defense The NHS is the country's biggest emloyer with over one million people working within system! Capital Spending: Capital spending includes infrastructure

spending such as new motorways and roads, hospitals, schools and prisons This investment spending adds to the economy's capital stock and can have important demand and supply side effects in the long term

1.British Government's expenditure normally accounts for

A nearly a half of its GDP

B.over a half of its GDP

c.below 45% of its GDP

D most of its GDP

2 Which is NOT included in the social security system?

A Unemployment benefit

B Child benefit

C Pension for retired people

D.Worker's allowance

3 The transfer payment aims at

A.Paying more income for low income state employees. 

B Promoting the economic growth rate

C.Accelerating the equality of the income. 

d.Increasing the living standard

4 Which of the following expenses is NOT included in current gorvemment speding?

A salaries for state employees

B spending on public education

C expenses on state defense

d.service industry

5 What does "NHS" in line stand for?

A North High School

B National Heath Service

C National Historic Site

d.Niels Husted And Son

III Matching.

A 

1 Renewal

2 Credit standing a

3 Tax shelter Turt

4 Equilibrium.ain bati

5 Liquidity Thark Khodn

B

a Reputation for discharging financial obligations 

b Available cash or the capacity to obtain it on demand 

c A situation in which there is no tendency for change. 

d A policy issued to replace one that has expired

 e A financial arrangement, such as the use of special depletion allowances

ĐÁP ÁN

Renewal - d A policy issued to replace one that has expired.

Credit standing - a Reputation for discharging financial obligations

Tax shelter - e A financial arrangement, such as the use of special depletion allowances.

Equilibrium - c A situation in which there is no tendency for change.

Liquidity - b Available cash or the capacity to obtain it on demand

IV Complete the sentences.

1

Excess/supply/or/excess/demand/any/price/simply/horizo

ntal/distance/between/supply/and/demand/curves.

2 Monetary/policy/one/tools/that/national/government/

uses finfluence/its/economy.

3 Debt/ held/by/public/ total/ amount/ government/ owes/all/ its' creditors/ in/general public

4 Karl Marx/ believed/such/ exploitation/ leads/ social unrest class/ conflict

5 The foreign/exchange/ market/ market/which/ such /national/ currencies/ dollars/pesos, deutschemarks/yen/francs/others/exchanged

ĐÁP ÁN

Excess supply or excess demand at any price is simply the horizontal distance between the supply and demand curves

Monetary policy is one of the tools that national government uses to influence its economy

Debt held by the public is the total amount the government owes to all its creditors in the general public

Karl Marx believed such exploitation leads to social unrest and class conflict

The foreign exchange market is the market in which national currencies such as dollars, pesos, deutschemarks, yen, francs, and others are exchanged

V.Answer two question below,

1 Why is London the world's largest foreign exchange market? 

2 By what way does the treasury borrows money?

ĐÁP ÁN

· Why is London the world's largest foreign exchange market? London is the world's largest foreign exchange

market due to several factors:

Its strategic time zone position, allowing overlap with both Asian and American markets

The presence of numerous international banks and financial institutions

A long history and established infrastructure for financial services

A favorable regulatory environment that attracts foreign investments

· By what way does the treasury borrow money? The

treasury borrows money through various means, including:

Issuing government bonds and securities (e.g., Treasury bonds, bills, and notes) to investors

Taking loans from international financial institutions

Utilizing short-term borrowing such as Treasury bills

Issuing savings bonds to individual investors

VI English-Vietnamese translation

1 The market supply, curve is the horizontal summation

of the irdividual supply curves

2 The country is currently striving towards a universal healthcare system, with 71.6% of the population holding public health insurance in Vietnam by the end of 2014

3 Individuals earning business income from VND 100 million per calendar year and below shall not be subject

to PIT on their business income

ĐÁP ÁN

· The market supply curve is the horizontal summation of the individual supply curves.

Đường cung thị trường là tổng ngang của các đường cung cá nhân

· The country is currently striving towards a universal healthcare system, with 71.6% of the population holding public health insurance in Vietnam by the end of 2014.

Hiện tại, đất nước này đang phấn đấu hướng tới một

hệ thống chăm sóc sức khỏe toàn dân, với 71,6%

dân số có bảo hiểm y tế công tại Việt Nam vào cuối năm 2014

· Individuals earning business income from VND 100 million per calendar year and below shall not be subject to PIT on their business income.

Các cá nhân có thu nhập kinh doanh từ 100 triệu VND mỗi năm trở xuống sẽ không phải chịu thuế thu nhập cá nhân đối với thu nhập kinh doanh của họ

VII Vietnamese-English translation

1 Mua và bán đóng vai trò quan trọng đối với cuộc sống

và sự thành công, nghiên cứu về kinh tế giúp ta hiểu được ý nghĩa và hành vi của nhân loại

2 Kinh tế vi mô giải thích cách người tiêu dùng có thể phân bổ tốt nguồn thủ nhập hạn chế của mình cho các hàng hóa và dịch vụ khác nhau có sẵn

3 Ngân hàng bán lẻ: Là ngân hàng cung cấp dịch vụ cho khách hàng cả nhân hơn là cho các doanh nghiệp hoặc tổ chức lớn

· Buying and selling play an important role in life and success; studying economics helps us understand the meaning and behavior of humanity.

· Microeconomics explains how consumers can best allocate their limited income to various goods and services available.

· Retail bank: A bank that provides services to individual customers rather than to large businesses

or organizations.