[名词解释] deregulation

1、[名词解释]merger

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2、[主观题]【翻译】Although the weakness in demand in the United States led to a sharp decline in short-term dollar interest rates—a positive development for many developing countries—it also contributed to a drop of over 6 percent in nominal commodity prices and to a slackening，to 3 percent，in the growth of world trade.These trends were compounded by worsening economic conditions in the soviet Union and its successor states，where a growing shortage of foreign exchange led to a compression of import from Eastern Europe and an acceleration of certain commodity exports to earn hard currencies.

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3、[主观题]【翻译】Yet in its current dour mood，Europe risks almost overlooking the revolutionary step forward it has taken in creating the world's largest and wealthiest barrier-free market—and on a continent where，for centuries，economic battles have led to some of history's bloodiest wars.But perhaps the major reason is the dark economic clouds now hanging over Europe.One of the central justifications for the single market was its ability to create greater prosperity，but it is making its debut just as Europe traverses one of its roughest economic storms in years.

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4、[主观题]【翻译】The single market is central to the community's progress，but it is by no means certain that it could stand alone，says one senior EC official here，"if the political will to continue moving forward fails，we can anticipate more strains in the marriage contract that ultimately would strike at what we've accomplished."

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5、[主观题]【翻译】There are no official statistics covering the invisible account of the balance of paymens，but the size of the visible trade surplus during 1981-1983 and a pronounced increase in earnings from tourism suggest that the current account has been in surplus over the past few years.

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