BEC中级考前摸底试题

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Taxesfromproductionoffuelsandminerals,andleasepaymentsonstatelandshavebeensetasidebylegislativeactstoendowtwopermanentfundsworthabout$5.65billion,...9...Inaddition,duringfiscalyear1991,paymentstoNewMexicofromtaxesonfederallandswereS108million,allearmarkedforpubliceducation.

...10...About$566millioncamefromtaxesandpermanent-fundearningsattributabletooilandgasproduction....11...TourismisanimportantindustryinNewMexico,yetitseconomicimpactonthepublicsectorisdwarfedbythatofmineralproduction.

NewMexicocamethroughtherecentrecessioninmuchbettershapethanmostotherstates.Itdoesnothaveadeficit....12...Statesthatrelyprimarilyonasalestaxoronanincometaxhavebigproblemsduringeconomicdownturns.IncomegrowthperheadinNewMexicoaveraged6.1/00intheyeartoOctober1992-oneofthefastestgrowthratesintheUnitedStates.

CharlesChapin

Example:C

A.Ithasabroadlybasedtaxstructureanimportantpoint.

B.In1992itproducedmoreoilthanColoradoandKansascombined.

C.However,theextractivemineralindustryinNewMexicoisoneofthestatesstrongesteconomicforces.

D.Duringfiscalyear1992NewMexicoraisedpermanentfundsworthabout$6.1billion.

E.thecombinedvalueofoilandgasproductionwas$2.8billion.

F.Some16,000employeesworkintheextractiveindustriesandtheirwagesareamongthehighestofanymajorindustry.

G.the$39millionearnedbythesefundsin1991wasusedtofinanceeducationandotherpublicservices.

H.OnlyS25millioncamefromagriculturaltaxes.

I.NewMexicosextractivemineralindustriescontributeaboutathirdofthestates$1.9billiongeneral-fundincomeinfiscalyear1991.PARTTHREE

Questions13-20

.ReadthisletteraboutCompensationTrade,andanswerthefollowingquestions.

MinistryofForeignTrade19thJanuary,1993

XiChanganStreet

Beijing,China

DearSirs,

ThisletterisinregardtothewindowglassbusinessbetweenourfirmandtheChinaNationalLightindustrialProductsImportExportCorporation,DarenBranchandtheDarenWindowGlassFactory.

1.Ourtwosidessincerelyworkedinthepastandthewindowglassbusinesshasalreadybeendonesuccessfully.However,thequantityofproductsdoesntmeetourrequirements.Thiscompanywantstodevelopthetradeandbusinessfurtherinthisline.Wenowexpecttobeginworkingwithalltheotherbranchesandwindowglassfactoriesonthesamebasis,pensationtrade.

2.FortheU.S.A.market,werequireverylargequantitiesofsmallcutsizes.Therefore,weareaskingyourpromptassistancetohelpusoutinexpandingglass-cuttingbusiness.Wewouldhighlyappreciateitifyoutakethismatterintoconsideration.Wearecertainthat,withyourpromptcooperation,ourpurchasesofChinesewindowglassforsaleintheU.S.A.marketwillveryquicklyincreasetoalargeandsubstantialvolume.Withtheestablishmentofdiplomaticrelationsbetweenourtwocountries,thetimeisnowrightforaveryquickandlargeincreaseintradebetweenus.

3.Foryourinformation,wearedoingeverythingpossibletocooperateinachievingourmutualgoalofmakingthewindowglassbusinessaverylargeone.WehaveofferedtopurchasevariousequipmentforyourDairenfactorywhichwillincreaseitsproducts,improvequalityandraiseitsefficiency.Wehaveofferedtoacceptpaymentforthismachineryintheformofbuy-backofglass.Wehavealsocooperatedwiththefactoryinmakingsuggestionsforbetterefficientpackingandcontainerization.Thefact