Reading passages

151- Since land is extremely valuable it is important that ..................... .
A) costs do not continue to rise
B) the building materials should also be expensive
C) people should not disagree as to the advantages of prefabrication
D) it does not remain out of use for long
E) building costs be reduced to a minimum
152- One advantage of using prefabricated parts is that ...................... .
A) buildings can be put up much faster
B) fewer skilled workmen are required
C) this method is much cheaper than standard methods
D) less land is required
E) there is more scope for experiment
153- When a building is constructed from standard parts that have been well-tested..................... .
A) there is no scope for originality
B) one is still not sure how they will behave in a particular situation
C) new method of construction are overlooked
D) the costs will naturally be excessively high.
E) one knows in advance that the result will be satisfactory
Both as a profession and as a science, economics lost considerable prestige during the recession of 1974-1975. The crisis that sized the western industrialised countries, including Japan, was of a character not to be found in economics textbooks: rate of inflation exceeding 10% a year coupled with declining production and high levels of unemployment. Hitherto, peacetime inflation had been associated with high employment and an overactive economy, while high rates of employment went with the recession and depression. The next combination was aptly called stagflation.
154- The term stagflation can be defined as ........... .
A) high unemployment in spite of high levels of production
B) a decrease in the rates of inflation
C) the combination of high inflation and economic recession
D) inflation in an overactive economy
E) high levels of peacetime inflation
155- The economic crisis of the mid-1970's ............ .
A) followed the same pattern as earlier economic crisis
B) caused people to lose faith in economics
C) had little effect on the industry of developed countries
D) caused the economy to be overactive
E) was characterised only by high inflation and low production