2006年考研英语预测试题一及答案精析

Investing in art will always be a risky business. Works of art by definition belong to different categories; holding periods vary; the market is illiquid; art yields no income, producing only capital gain or loss; transaction costs are high. As for contemporary art in particular, it is a sobering thought that, according to Mr Moses, each year an average of only two artists emerge whose work increases in value over time. All this speaks against a big commitment to speculating in art; better, maybe, simply to buy what you like, if you can: treat your money, in other words, not as invested but as consumed.

21. By saying that the market is illiquid (Line 2, Para. 4), the author suggests that .

［A］ art works seldom lose their value in the market

［B］ investment in art does not have guaranteed return of profits

［C］ the difficulty to trade art works is obvious and evident

［D］ the art market tends to be responsive to the economic situation

22. The Fine Art Fund advise that investors need to spread their art allocation because .

［A］ Old Masters always promise a high return of profits

［B］ different art works are valued differently in the market

［C］ buying art works is always a good way of investment

［D］ people should be aware of the risks of investment in art

23. The returns on contemporary art indicate .

［A］ people have come to see the value of contemporary art