Unit 7 : Economic reforms : Test 1

Error Identification

The term economic reform refers to (A) policies directing (B) by the government to achieve (C) improvements in (D) economic efficiency.

Error Identification

Economic reform usually (A) refers to actions (B) of the government to improve (C) efficiency in economy (D)markets.

Error Identification

The goal (A) of Chinese economic reform was to generating (B) sufficient surplus value ( C) to finance the modernization (D) of the mainland Chinese economy.

Error Identification

Economic reform has dominated (A) Australian economic (B) policy from the early ( C) 1980s until (D) the end of the 20th century.

Error Identification

Economic reforms started (A) since 1986 in Vietnam have helped (B) millions of people to be out of  (C) poverty and bringing (D)the poverty rate down.

Read the passage carefully and choose the correct answer.

Vietnam is a densely-populated, developing country that in the last 30 years has had to recover from the ravages of war. Substantial progress was achieved from1986 to 1997 in moving forward from an extremely low level of development and significantly reducing poverty.

Since 2001, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration. They have moved to implement the structural reforms needed to modernize the economy and to produce more competitive, export-driven industries. .

Vietnam's membership in the ASEAN Free Trade Area (AFTA) and entry into force of the US-Vietnam Bilateral Trade Agreement in December 2001.have led to even more rapid changes in Vietnam's trade and economic regime. Vietnam's exports to the US doubled in 2002 and again in 2003.

Vietnam joined the WTO (World Trade Organization) in January 2007, following over a decade long negotiation process. This should provide ail important boost to the economy and should help to ensure the continuation of liberalizing reforms.

Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. Vietnamese authorities have tightened monetary and fiscal policies to stem high inflation. Hanoi is targeting an economic growth rate of 7.5-8% during the next five years.

Vietnam's economy is _______.

1. decreasing
2. facing crisis
3. developing
4. backward

Read the passage carefully and choose the correct answer.

Vietnam is a densely-populated, developing country that in the last 30 years has had to recover from the ravages of war. Substantial progress was achieved from1986 to 1997 in moving forward from an extremely low level of development and significantly reducing poverty.

Since 2001, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration. They have moved to implement the structural reforms needed to modernize the economy and to produce more competitive, export-driven industries. .

Vietnam's membership in the ASEAN Free Trade Area (AFTA) and entry into force of the US-Vietnam Bilateral Trade Agreement in December 2001.have led to even more rapid changes in Vietnam's trade and economic regime. Vietnam's exports to the US doubled in 2002 and again in 2003.

Vietnam joined the WTO (World Trade Organization) in January 2007, following over a decade long negotiation process. This should provide ail important boost to the economy and should help to ensure the continuation of liberalizing reforms.

Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. Vietnamese authorities have tightened monetary and fiscal policies to stem high inflation. Hanoi is targeting an economic growth rate of 7.5-8% during the next five years.

According to the text, Vietnam _______.

1. used to be well-developed before 1986
2. Vietnam is still in extreme poverty
3. could recover from the consequences of the war soon
4. has been modernizing the economy

Read the passage carefully and choose the correct answer.

Vietnam is a densely-populated, developing country that in the last 30 years has had to recover from the ravages of war. Substantial progress was achieved from1986 to 1997 in moving forward from an extremely low level of development and significantly reducing poverty.

Since 2001, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration. They have moved to implement the structural reforms needed to modernize the economy and to produce more competitive, export-driven industries. .

Vietnam's membership in the ASEAN Free Trade Area (AFTA) and entry into force of the US-Vietnam Bilateral Trade Agreement in December 2001.have led to even more rapid changes in Vietnam's trade and economic regime. Vietnam's exports to the US doubled in 2002 and again in 2003.

Vietnam joined the WTO (World Trade Organization) in January 2007, following over a decade long negotiation process. This should provide ail important boost to the economy and should help to ensure the continuation of liberalizing reforms.

Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. Vietnamese authorities have tightened monetary and fiscal policies to stem high inflation. Hanoi is targeting an economic growth rate of 7.5-8% during the next five years.

Vietnam _______.

1. does not export anything to the US
2. exported to the US in 2003 twice as much goods as in 2002
3. did not export goods to the US in 2002
4. did not export goods to the US in 2003

Read the passage carefully and choose the correct answer.

Vietnam is a densely-populated, developing country that in the last 30 years has had to recover from the ravages of war. Substantial progress was achieved from1986 to 1997 in moving forward from an extremely low level of development and significantly reducing poverty.

Since 2001, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration. They have moved to implement the structural reforms needed to modernize the economy and to produce more competitive, export-driven industries. .

Vietnam's membership in the ASEAN Free Trade Area (AFTA) and entry into force of the US-Vietnam Bilateral Trade Agreement in December 2001.have led to even more rapid changes in Vietnam's trade and economic regime. Vietnam's exports to the US doubled in 2002 and again in 2003.

Vietnam joined the WTO (World Trade Organization) in January 2007, following over a decade long negotiation process. This should provide ail important boost to the economy and should help to ensure the continuation of liberalizing reforms.

Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. Vietnamese authorities have tightened monetary and fiscal policies to stem high inflation. Hanoi is targeting an economic growth rate of 7.5-8% during the next five years.

The word This refers to _______.

1. Vietnam's joining the WTO
2. the WTO
3. the negotiating process
4. the Vietnamese economy

Read the passage carefully and choose the correct answer.

Vietnam is a densely-populated, developing country that in the last 30 years has had to recover from the ravages of war. Substantial progress was achieved from1986 to 1997 in moving forward from an extremely low level of development and significantly reducing poverty.

Since 2001, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration. They have moved to implement the structural reforms needed to modernize the economy and to produce more competitive, export-driven industries. .

Vietnam's membership in the ASEAN Free Trade Area (AFTA) and entry into force of the US-Vietnam Bilateral Trade Agreement in December 2001.have led to even more rapid changes in Vietnam's trade and economic regime. Vietnam's exports to the US doubled in 2002 and again in 2003.

Vietnam joined the WTO (World Trade Organization) in January 2007, following over a decade long negotiation process. This should provide ail important boost to the economy and should help to ensure the continuation of liberalizing reforms.

Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. Vietnamese authorities have tightened monetary and fiscal policies to stem high inflation. Hanoi is targeting an economic growth rate of 7.5-8% during the next five years.

The word stem has a close meaning to _______.

1. succeed
2. stop
3. originate
4. invrease