The Labor Party had its origins in the（）which was formed in January,1893.A、Independent Labor PartyB、Grand National Consolidated Trade UnionC、Amalgamated Society of EngineersD、Trade Union Congress

The Labor Party had its origins in the（）which was formed in January,1893.

地区条款（trade limits in a time charter party）

Which of the following is not true of Britain.s foreign trade?（）

Practice 1　　Wealth, as Mr. Hobbes says, is power. But the person who either acquires, or succeeds to a great fortune, does not necessarily acquire or succeed to any political power, either civil or military. His fortune may, perhaps, afford him the means of acquiring both, but the mere possession of that fortune does not necessarily convey to him either. The power which that possession immediately and directly conveys to him, is the power of purchasing; a certain command over all the labor, or over all the produce of labor which is then in the market. His fortune is greater or less, precisely in proportion to the extent of this power; or to the quantity either of other men’s labor, or what is the same thing, of the produce of other men’s labor, which it enables him to purchase or command. The exchangeable value of every thing must always be precisely equal to the extent of this power which it conveys to its owner.　　But though labor be the real measure of the exchangeable value of all commodities, it is not that by which their value is commonly estimated. It is often difficult to ascertain the proportion between two different quantities of labor. The time spent in two different sorts of work will not always alone determine this proportion. The different degrees of hardship endured, and of ingenuity exercised, must likewise be taken into account. There may be more labor in an hour's hard work than in two hours easy business; or in an hour's application to a trade which it cost ten years labor to learn, than in a month’s industry at an ordinary and obvious employment. But it is not easy to find any accurate measure either of hardship or ingenuity. In exchanging indeed the different productions of different sorts of labor for one another, some allowance is commonly made for both. It is adjusted, however, not by any accurate measure, but by the higgling and bargaining of the market, according to that sort of rough equality which thought not exact, is sufficient for carrying on the business of common life.

Free trade is an economic policy under which the government does not interfere with trade. No tariffs are applied to imports or exports, and people are allowed to trade goods and services as they please. Supply and demand dictates the prices for which goods and services sell and are the only factors that determine how resources are allocated in society. Under a free trade system, there are no trade barriers. There is free access to markets and market information, and there are no government-imposed monopolies. The following are opinions from both sides. Read the excerpt carefully and write your response in about 300 words, in which you should:　　1. summarize briefly the opinions from both sides, and then　　2. give your comment.　　Marks will be awarded for content relevance, content sufficiency, organization and language quality. Failure to follow the above instructions may result in a loss of marks.　　Those who support free trade believe that it allows companies to come by raw materials and lower prices, which, in turn, results in lower prices on the open market. Supporters also believe that the levels of employment in a nation are determined by the monetary policy of that nation and not the trade policy. Additionally, when people must compete for a profit, they produce better products and are more motivated to increase their education and knowledge because these increases come with personal benefits.　　On the contrary, many believe that the government should dictate prices and impose more taxes on imports and exports. Critics often believe that many outsourced jobs are a result of free trade practices; and regulating trade could keep companies from finding cheaper labor and lower cost overseas. There are also concerns with the social burden of limited job security if companies put too much effort into looking for cheaper labor and lower cost. Critics feel that this results in a more worried, cautious public that is less likely to spend and invest in the economy. This is certainly not an advantage when the world economy is already in recession.

（）was formed by the trade unions, cooperatives, the Social Democratic Federation, the Independent Labour Party and the Fabian Society in 1900.

In 1891-1911(under the Liberal-Labor Party)and 1935-1947(under Labor) New Zealand won a world reputation of（）