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30

31. What would be a good title for the report? (A) Optimism Rules at ABC (B) ABC’s Struggles Continue (C) A Change in ABC’s Fortunes? (D) ABC’s Cost-cutting Strategies

32. What do we learn from the report? (A) ABC’s rivals’ share prices have increased. (B) ABC’s profits have fallen throughout the year. (C) The release of ABC’s new phone has been delayed. (D) ABC has a reputation for producing new technology.

33. In which of the position marked [1], [2], [3], and [4] does the following sentence best belong? “Revenue and profits have also fallen over that period by 65% and 63% respectively.” (A) [1]. (B) [2]. (C) [3]. (D) [4].

34. What has happened to ABC’s profits over the last year? (A) They have risen by 12%. (B) They have risen by 70%. (C) They have fallen by 63%. (D) They have fallen by 65%.

35. What was true of Europe during the medieval period? (A) Agricultural productivity declined. (B) The general level of prosperity declined. (C) There was relatively little economic growth. (D) Foreign trade began to play an important role in the economy.

36. What was the effect of the desire to increase food production? (A) more farmers were needed (B) the rural economy was weakened (C) land was cultivated in a different way (D) forests and wetlands were used for farming

37. What was one reason villages had such great economic potential? (A) Villages were located in regions where agricultural production was relatively advanced. (B) Villages were relatively small in population and size compared with urban areas. (C) Some village inhabitants made investments in industrial development. (D) Village inhabitants established markets within their villages.

38. Why does the author mention that “English and Dutch ships carrying rye from the Baltic states reached Spain and Portugal”? (A) To suggest how extensive trading relations were (B) To argue that shipping introduced a range of new products (C) To contrast the importance of agricultural products with manufactured products (D) To suggest that England and the Netherlands were the two most important trading nations in seventeenth-century Europe

39. The phrase “an English innovation” in the passage is closest in meaning to (A) an arrangement found only in England (B) a type of agreement negotiated in English (C) a type of partnership based on English law (D) a new development introduced by the English

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