Quiz For The Listening Section: Questions 1-4, Conversation, CD 1, Track 3
Quiz For The Listening Section: Questions 1-4, Conversation, CD 1, Track 3
CONVERSATION
Questions 1–4, Conversation.
Listen to a conversation on campus between a professor and a student.
LISTENING 55
LECTURE
Supply-side economics
b
7. According to the lecturer, what did Kennedy and Reagan have in common?
They were both honored as Nobel laureates in economics.
They cut taxes to spur the economy during their administrations.
a
8. What would Milton Freidman most likely say about moving a manufacturing plant from
the United States to a site abroad?
He would oppose it because it would cause people to lose their jobs.
He would consider it an opportunity for business to cut costs.
a
9. According to Barry Asmus, what are two key ways that consumers contribute to the
creation of new jobs?
10. How does the professor explain the shift from manufacturing to technology?
He points to the global economy as the explanation for it.
He disagrees with most economists about the long-term effects.
a
11. Why does the professor mention the General Electric plant?
Because the plant is a good example of increased productivity
Because unemployment resulted from company decisions
a
Because the plant was down-sized and many jobs were lost
c
d
13. In the lecture, the professor explains supply-side economics. Indicate whether each of the
following strategies supports the theory.
Click in the correct box for each choice.
Yes No
A Reduce tax rates
B Cut government spending
C Increase productivity
D Tolerate temporary unemployment
E Discourage consumer spending
This is the end of the Listening Quiz. To check your answers, refer to
the Progress Chart for the Listening Quiz, Chapter 5, page 500.