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. Read this letter to the editor of The Economist. Answer:A 3. Many people went to buy capitalization stocks. New Mexico came through the recent recession in much better shape than most other states. It does not have a deficit. ... ... 12... ... States that rely primarily on a sales tax or on an income tax have big problems during economic downturns. Income growth per head in New Mexico averaged 6. 1/00 in the year to October 1992-one of the fastest growth rates in the United States. 6. On Thursday price dropped and then rose again. 1. The share prices were influenced by the improvement of the two countries' C. Manila opened strongly on foreign buying of blue chips but dipped at the close as profits were taken. The composite index fell 10.07 to 2 ,907. 00 , 1.3 per cent higher on the week . One answer has been given as an example. A. Bangkok rose 2 per cent on the day and 3.4 per cent over the week as buyers moved in to large market capitalization stocks. The SET index rose 27.55 to 1,383.57 in turnover of Bt 8.5 bn, down from Thursday's Bt 10bn. . Which stock market does each sentence(1-7) describe? . Choose the best sentence from the list A-I to fill each of the blanks. B. Taipei was pulled lower by late profit-taking in industrials after Thursday's rebound ,and the weighted index fell 45.59 to 5,806.77, or 1.7 per cent, over the week. Turnover rose to T $41.51 bn from T $ 35. 78bn. 4. In the beginning many foreign shareholders buy blue chips at high prices. The index went up more than one thousand. ...... 10 ...... About $566 million came from taxes and permanent-fund earnings attributable to oil and gas production. ......11 ...... Tourism is an important industry in New Mexico, yet its economic impact on the public sector is dwarfed by that of mineral production. relations. 7. The falling of composite index rose by 1. 3 per cent on the week. Example: Sir- Taxes from production of fuels and minerals, and lease payments on state lands have been set aside by legislative acts to endow two permanent funds worth about $ 5. 65 billion, ...... 9 ...... In addition, during fiscal year 1991 , payments to New Mexico from taxes on federal lands were S 108 million ,all earmarked for public education. PART TWO D. Hong Kong finished a mixed day slightly lower ,sapped by profit-taking on confirmation of US renewal of China's MFN trade status and concerns over the lower domestic property market. The Hang Seng index fell 11.58 to close at 9,470.13, 1.7 per cent lower on the week. . For each blank (8-12) mark one letter (A-I) on your Answer Sheet. Questions 8-12 . Do not mar4 any letter twice. 5. Price was lower after shareholders sold stocks in industrials to make profit. . Read these sentences and the share prices below. . For each sentence mark one letter (A ,B ,C or D) on your Answer Sheet. You state on February 13th that New Mexico has "few natural resources ",... ...example...... In 1991 New Mexico ranked fourth in the United States in production of natural gas , seventh in oil and tenth in non-fuel minerals ... ...8... ... Non-fuel minerals contributed about $ 1 billion and coal $ 509 million. 2. Over the week ,turnover rose by T $ 5. 83bn.
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