考博试题

[A] Mr. Eisner’s rejection of Comcast’s bid was unfortunate.

[B]it is not sure whether vertical integration really delivers value.

[C] vertical integration has already been pursued by some companies.

[D] it strategically makes sense for the merge to create an entertainment giant.

60. It can be inferred from the last paragraph that regulators and politicians will

[A] spare no efforts to persuade Disney to reconsider Comcast’s bid.

[B]try their best to block the merger of Disney and Comcast.

[C] implement antitrust inspections if the deal is to be made.

[D] help create the biggest vertically-integrated entertainment giant

Passage 6

The issue of unemployment has loomed especially large in America in recent months. That is partly because there are presidential elections in November, and much will hinge on whether George Bush can convince voters that an apparently booming economy is

producing jobs. A glance at the unemployment rate would seem to give him the answer he wants. The unemployment rate has fallen from a post-recession peak of 6.3% in June to

5.6% last month, though that is still higher than the 5.0% that many economists consider to be the “natural rte” of unemployment.

But the unemployment rate is, in fact, a poor measure of economic health. It is defined as the fraction of the people in the lab our force those who are actively seeking work and available for it who cannot find a job. And it relies on surveys to determine who is, in fact, actively seeking work rather than enjoying a spot of leisure. It is that subjectivity that makes the unemployment rate such a flawed statistic. A better question by far is how many people are employed ie, are being paid by someone for doing something, since this should be less subject to doubt.

Or so you might have thought, Yet there has been a fierce debate in

America recently over even this humble statistic. That is because the number employed in America is also still measured using surveys, and the two that are widely used tell different stories. One is taken of over 400,000 firms with formal payrolls. Another asks 60,000 households whether people in them are working. But both are hostage to the usual

limitations of using small samples to estimate employment for the whole economy, though obviously to different degrees.