高级综合商务英语2Unit3

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1、Unit34.CPI:(consumerpriceindex)居民消费价格指数2.PPI:(producerpriceindex庄产价格指数3.Businesscycle经济周期4.Fiscalpolicy财政政策：5.equitycapital主权资本，股本权益6.Gametheory博弈论7.breakevenprice保本价格8.Producersurplus生产者剩余9.inward-looking:closed;isolatedX・attheoutsetof:atthebeginnirigof12.self-sufficient:self-sufficing;self-sustain

2、ing13.unleash:release;loose14.exploit:advantage;explore15.tap:exploit16.defy:challenge17.pervasive:permeating18.contraction:cut;reduction;recession19.eradicate:eliminate;wipeout10.miraculous:incredible;marvelous;amazing20.inclusive:comprehensive;all-overAftertheindustrialrevolution,experience・basedi

3、nnovationwasincreasinglyreplacedbyfieldexperimentationand，later,byscience・basedexperimentsconductedinscientificlaboratories(substitute)Paraphrase:Aftertheindustrialrevolution,fieldexperimentationand,lateron,science-basedexperimentswhichwereconductedinscieneelabshavesubstitutedthetraditionalexperienc

4、e・basedinnovation.2.Soifadevelopingcountryknowshowtotaptheadvantageofbackwardnessintechnology,industry,andsocialandeconomicinstitutions,itcangrowatanannualrateseveraltimesthatofhigh-incomecountriesfordecadesbeforeclosingitsincomegapwiththosecountries.(exploit;catchupwith)Paraphrase:Therefore,ifadeve

5、lopingcountryknowshowtoexploititsadvantageofbackwardnessintechnology,industry,andsocialandeconomicinstitutionsbyborrowingadvaneedtechnologyfromoutside,itsannualgrowthratewillbeseveraltimesgreaterthanthatofrichcountriesformanydecadesandthusitmightcatchupwiththosecountries・2.Stagnationandfrequentsocia

6、landeconomiccrisesbegantobesetmostdevelopingcountriesbythe1970sand1980s.(befacedwith)Paraphrase:Bythe1970sand1980s,mostdevelopingcountrieswerefacedwitheconomicdepressionandfrequentsocialandeconomiccrises・2.Awell-functioningmarketistheprerequisiteofdevelopingacountryJsindustriesaccothecomparativeadva

7、ntagesthecountryhasoverothercountries・(betheprerequisite)Paraphrase:Awell-functioningmarketistheprerequisiteofdevelopingacountryIsndustriesaccordingtothecomparativeadvantagesthecountryhasoverothercoun