This may sound like a fantastic proposal, but so, I think, our insurance system would have sounded to people a hundred years ago. The main objection to such a scheme would be that if each person were entitled to receive minimum support, people would not work. This assumption rests on the fallacy of the inherent laziness. In human nature, actually, aside from abnormally lazy people, there would be very few who would not want to earn more than the minimum, and who would prefer to do nothing rather than work.
However, the suspicions against a system of guaranteed subsistence minimum are not groundless from the standpoint of those who want to use ownership capital for the purpose of forcing others to accept the work conditions they offer. If nobody were forced to accept work in order not to starve, work would be sufficiently interesting and attractive in order to induce one to accept it. Freedom of contract is possible only if both parties are free to accept and reject if; in the present capitalist system this is not the case.
But such a system would not only be the beginning of real freedom of contract between employers and employees, its principal advantage would be the improvement of freedom in interpersonal relationships in every sphere of daily life.
People used to think that poverty and unemployment were due to ______.
A. the slow development of the economy
B. the poor and jobless people's own faults
C. the lack of responsibility on the part of the society
D. the large number Of people who were not well-educated
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In addition to redistributing incomes, inflation may affect the total real income and production of the community. An increase in prices is usually associated with high employment. In moderate inflation, industries are operating efficiently and output is near capacity. There is a great deal of private investment and jobs are plentiful. Such has been the historical pattern. Thus many business persons and union leaders, in evaluating a little deflation and a little inflation, consider the latter to be the lesser of two evils. In mild inflation, the losses to fixed-income groups are usually less than gains to the rest of the community. Even worker with relatively fixed wages are often better off because of improved employment opportunities and greater take-home pay, a rise in interest rates on new securities may partly compensate for any losses to creditor, and increases in pension benefits may partly make losses to retirees.
In deflation, on the other hand, the growing unemployment of labor and capital causes the community's total well-being to be less; so in a sense, the gainers get less than the losers lose. As a matter of fact, in a depression, or a time of severe deflation, almost everyone suffers, including the creditor who is left with uncollectible debts.
For these reasons as increase in consumption of investment spending is considered good in times of unemployment, even if this tends to increase prices slightly. When the economic system is suffering from severe depression, few people will criticize private or public spending on the ground that this might be inflationary. Actually, most of this increased spending will increase production and create jobs. Once, full employment and full plant capacity have been reached, however, any further increases in spending are likely to be completely wasted in prices increase.
"Historical patterns" mentioned in the passage means that in mild inflation ______.
A. there will be more production and employment
B. private investment will be moderate and people's income influenced
C. the bad effects of the two evils will be associated with each other
D. industrial revolution made men and women more equal
Part A
Directions: You will hear 10 short dialogues. For each dialogue, there is one question and four possible answers. Choose the correct answer ― A, B, C or D, and mark it in your test booklet. You will have 15 seconds to answer the question and you will hear each dialogue ONLY ONCE.
听力原文:W: Now, sir. Just relax. I'm going to give you a little injection.
M: It's OK, Miss. I feel better new. The arm is in plaster.
What's the woman's occupation?
A. Nurse.
B. Saleswoman.
C. Nun.
Doctor.
According to a growing number of experts, it is already technically ______ to construct a
A. practical
B. flexible
C. feasible
D. beneficial
It is probably both that he is going to the meeting on time ______ by the morning traffic
A. and that he might be delayed
B. or that he might be delayed
C. and he might be delayed
D. otherwise that he might be delayed