刷题刷出新高度,偷偷领先!偷偷领先!偷偷领先! 关注我们,悄悄成为最优秀的自己!

单选题
根据下面资料,回答91-95题
With business owners idling factories, reducing payrolls and contemplating terrible balance sheets amid the coronavirus pandemic, two lawmakers have hit on an unusual response: Harm the economy some more.
Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez last week unveiled the Pandemic Anti-Monopoly Act. Among other things, this would prohibit all large mergers, as well as those involving hedge funds or private-equity firms, until the Federal Trade Commission (FTC) unanimously determines that small businesses and consumers are no longer under "severe financial distress," whatever the commissioners may take that to mean. This proposal is triply wrongheaded, and likely to harm the very people it's supposed to protect.
For a start, the plan is incoherent on its own terms. Thanks to the pandemic, dealmaking has all but stopped. The "predatory mergers" that Warren thinks giant corporations and private-equity firms preying on small companies will undertake during this crisis are entirely hypothetical. In any event, monopolistic practices are already illegal. All big mergers are reviewed by the Department of Justice or the FTC. Decades of rulemaking and jurisprudence have established standards for evaluating them and protecting consumers. No predatory deal is going to slip through the cracks thanks to the coronavirus. Yet the bill aims to block otherwise lawful and consensual economic activity on exactly that pretext.
Second, banning mergers isn't going to help mom-and-pop businesses or their employees. Quite the opposite: For a small company short on cash, an acquirer—however self-interested—could be a critical lifeline in this crisis. Hindering such deals would only induce those companies either to seek additional debt at a moment of acute stress or to shut their doors, harming their workers, suppliers and lenders in the process.
Moreover, the normal benefits of mergers and acquisitions don't disappear in a crisis. Mergers on balance offer companies an opportunity to boost growth, create synergies, leverage economies of scale, increase productivity and otherwise become more competitive. That's why they're legal in the first place. Some deals work out and others don't, but surely the companies involved understand their interests better than distant lawmakers.
Which brings us to the third and most important point: The bill would hinder the recovery. Offering companies a government lifeline—as measures such as the Paycheck Protection Program are doing—is entirely justified at the moment. But such relief can't last indefinitely;normal economic activity must eventually resume. When it does, prudent mergers and acquisitions should make it easier to direct capital to promising businesses, bolster balance sheets, preserve valuable assets and generally help the country get back on its feet.
Outlawing this restorative process is likely to harm the very businesses and workers the bill's sponsors say they want to help. About the only beneficiaries of this misguided effort, in fact, seem to be the legislators advancing it, to the acclaim of their most zealous supporters.

Two lawmakers introduced a proposal to_____

A
strictly regulate hedge funds and private-equity firms
B
let the FTC set pandemic rules for business practices
C
block large mergers during the pandemic crisis
D
offer funding for small businesses in distress
使用微信搜索喵呜刷题,轻松应对考试!

答案:

C

解析:

:根据文章中的描述,法案禁止所有大型并购交易,包括涉及对冲基金或私募股权公司的并购,直到联邦贸易委员会(FTC)一致决定小企业和消费者不再处于“严重的财务困境”。因此,这道题的答案是C,即两位立法者提出了一个提案来阻止疫情期间的大型并购交易。

创作类型:
原创

本文链接:Two lawmakers introduced a proposal to_____

版权声明:本站点所有文章除特别声明外,均采用 CC BY-NC-SA 4.0 许可协议。转载请注明文章出处。

让学习像火箭一样快速,微信扫码,获取考试解析、体验刷题服务,开启你的学习加速器!

分享考题
share