Read the Text 2 and choose the correct alternatives from number 13 to 22.
"At least, in theory", the expression in black means
Read the text below in order to answer questions 15 to 18:
THE GOLDILOCKS SCENARIO CONTINUES
As the new Millennium gets under way, the US economy completes its ninth year of expansion. The Federal Reserve raised interest rates three times last year to temper the economy's expansion, which is the longest in US history. The benchmark lending rate was 5.5% at the start of the new year.
Analysts have been predicting that US interest rates would go up again when the Federal Open Market Committee meets. The economy's performance in the past calendar years (1996 to 1999) has surpassed all but the most optimistic predictions at the beginning of the period.
Growth of the economy has exceeded 4% in each of these years ...
Read the text below in order to answer questions 19 to 22:
IMF COMPLETES BRAZIL FIFTH REVIEW
The Executive Board of the International Monetary Fund (IMF) today completed the fifth review under the Stand-By credit for Brazil. As a result, Brazil will be able to draw, if needed, up to the equivalent of SDR 814.05 million ( about US$1,066 million ) from the IMF.
In commenting on the Executive Board's discussion of the review, Stanley Fischer, First Deputy Managing Director, made the following statement:
"Executive Directors commended the authorities for the performance of the Brazilian economy under the Government's program and noted with satisfaction that developments in the Brazilian economy since the completion ...
Read the text below in order to answer questions
24 to 27:
The politics of administrative reform
Most countries of Latin America stabilized and opened their economies in the first generation of market oriented reforms in the 1980s and early 1990s. Now they face a much more costly and protracted task of rebuilding state capacity to deliver social services, regulate the economy, avoid recurrent fiscal crises, and improve the overall functioning of government. Why have some countries progressed further on administrative reform than other countries? Administrative reform usually starts with small groups of reformers within the executive branch. Among factors that facilitate reform are: balance of payments and fisc...INGLÊS
Atenção: As questões de números 91 a 95 referem-se ao texto abaixo.
Um sinônimo para offset, no texto, é
Atenção: As questões de números 96 a 100 referem-se ao texto abaixo.
O verbo que substitui corretamente [VERB] é
Atenção: As questões de números 96 a 100 referem-se ao texto abaixo.
A palavra que preenche corretamente a lacuna é
Read the text carefully, then answer questions 16 to 20 below. Choose the answer that is correct according to the ideas in the text.
The expression "flat rate" (line 5) means a tax system that
Read the text below in order to answer questions 21 to 23:
A QUICK GLANCE AT BRAZIL'S ECONOMY
In January 1999, the real, Brazil's monetary unit, was devalued by approximately 50% against the U.S. dollar, causing many to speculate on the country's economic fate as it moved toward the year 2000. Confidence in the economy waned and predictions of high inflation and deep recession ensued.
However, several factors helped turn things around throughout 1999. Brazil entered into a funding agreement with the International Monetary Fund (IMF) for $41 billion; President Fernando Henrique Cardoso's administration implemented strong fiscal contraction measures, which generated higher-than-expected revenue collecti...
Read the text below in order to answer questions 24 to 26:
DELIVERING STABILITY
The UK has a history of poor economic performance in comparison with other G7 economies. Much of the blame for this poor performance can be attributed to policy errors made in the past. The Government's macroeconomic framework has been designed to avoid a repeat of mistakes which led to boom and bust cycles and relative underperformance. In the face of the uncertainty and unpredictability of ever more rapid financial flows, the Government believes it is vital to:
. set clear, long-term policy objectives;
. adopt predictable, clear rules for monetary and fiscal policymaking; and
. keep markets properly informed, and ...
