Questões do ENEM: Linguagens e Fundação Getulio Vargas (FGV)

Use os filtros para chegar às questões que interessam. Cada resultado abre em uma página própria com enunciado, alternativas e gabarito.

Resultados

424 questões encontradas. Mostrando a página 6 de 22.

  • 3B334FD6-9B

    Português

    Coesão e coerência
    FGV · 2017MédioEntre para guardar nos favoritos

             Imagem da questão de Português, da prova de 2017

    Considerando-se o contexto sugerido pela data comemorativa a que se refere a propaganda, é correto afirmar que o verbo “falar”, em suas duas ocorrências no texto, foi empregado com a mesma acepção que se verifica na seguinte frase:
    Escolha uma alternativa para a questão 3b334fd6-9b
  • 3B2FE103-9B

    Português

    Interpretação de Textos
    FGV · 2017MédioEntre para guardar nos favoritos

             Imagem da questão de Português, da prova de 2017

    A expressividade que se obtém no texto resulta da combinação dos seguintes procedimentos linguísticos:
    Escolha uma alternativa para a questão 3b2fe103-9b
  • 712746CE-B6

    Português

    Mal-Mau
    FGV · 2016MédioEntre para guardar nos favoritos
    Leia o texto para responder a questão.

    Foi exatamente durante o almoço que se deu o fato.
    Almira continuava a querer saber por que Alice viera atrasada e de olhos vermelhos. Abatida, Alice mal respondia. Almira comia com avidez e insistia com os olhos cheios de lágrimas.
    – Sua gorda! disse Alice de repente, branca de raiva. Você não pode me deixar em paz?!
    Almira engasgou-se com a comida, quis falar, começou a gaguejar. Dos lábios macios de Alice haviam saído palavras que não conseguiam descer com a comida pela garganta de Almira G. de Almeida.
    – Você é uma chata e uma intrometida, rebentou de novo Alice. Quer saber o que houve, não é? Pois vou lhe contar, sua chata: é que Zequinha foi embora para Porto Alegre e não vai mais voltar! Agora está contente, sua gorda?
    Na verdade Almira parecia ter engordado mais nos últimos momentos, e com comida ainda parada na boca.
    Foi então que Almira começou a despertar. E, como se fosse uma magra, pegou o garfo e enfiou-o no pescoço de Alice. O restaurante, ao que se disse no jornal, levantou-se como uma só pessoa. Mas a gorda, mesmo depois de ter feito o gesto, continuou sentada olhando para o chão, sem ao menos olhar o sangue da outra.
    Alice foi ao pronto-socorro, de onde saiu com curativos e os olhos ainda regalados de espanto. Almira foi presa em flagrante.
    Na prisão, Almira comportou-se com delicadeza e alegria, talvez melancólica, mas alegria mesmo. Fazia graças para as companheiras. Finalmente tinha companheiras. Ficou encarregada da roupa suja, e dava-se muito bem com as guardiãs, que vez por outra lhe arranjavam uma barra de chocolate.

    (Clarice Lispector. A Legião Estrangeira, 1964. Adaptado)
    Observe o trecho do segundo parágrafo do texto:

    Almira continuava a querer saber por que Alice viera atrasada e de olhos vermelhos. Abatida, Alice mal respondia.”

    Assinale a alternativa em que as expressões em destaque estão grafadas de acordo com a norma-padrão, respectivamente conforme aquelas observadas no trecho transcrito.
    Escolha uma alternativa para a questão 712746ce-b6
  • 7122B594-B6

    Português

    Coesão e coerência
    FGV · 2016FácilEntre para guardar nos favoritos
    Leia o texto para responder a questão.

    Foi exatamente durante o almoço que se deu o fato.
    Almira continuava a querer saber por que Alice viera atrasada e de olhos vermelhos. Abatida, Alice mal respondia. Almira comia com avidez e insistia com os olhos cheios de lágrimas.
    – Sua gorda! disse Alice de repente, branca de raiva. Você não pode me deixar em paz?!
    Almira engasgou-se com a comida, quis falar, começou a gaguejar. Dos lábios macios de Alice haviam saído palavras que não conseguiam descer com a comida pela garganta de Almira G. de Almeida.
    – Você é uma chata e uma intrometida, rebentou de novo Alice. Quer saber o que houve, não é? Pois vou lhe contar, sua chata: é que Zequinha foi embora para Porto Alegre e não vai mais voltar! Agora está contente, sua gorda?
    Na verdade Almira parecia ter engordado mais nos últimos momentos, e com comida ainda parada na boca.
    Foi então que Almira começou a despertar. E, como se fosse uma magra, pegou o garfo e enfiou-o no pescoço de Alice. O restaurante, ao que se disse no jornal, levantou-se como uma só pessoa. Mas a gorda, mesmo depois de ter feito o gesto, continuou sentada olhando para o chão, sem ao menos olhar o sangue da outra.
    Alice foi ao pronto-socorro, de onde saiu com curativos e os olhos ainda regalados de espanto. Almira foi presa em flagrante.
    Na prisão, Almira comportou-se com delicadeza e alegria, talvez melancólica, mas alegria mesmo. Fazia graças para as companheiras. Finalmente tinha companheiras. Ficou encarregada da roupa suja, e dava-se muito bem com as guardiãs, que vez por outra lhe arranjavam uma barra de chocolate.

    (Clarice Lispector. A Legião Estrangeira, 1964. Adaptado)
    Considerando-se o contexto em que está empregado o período “O restaurante, ao que se disse no jornal, levantou-se como uma só pessoa.” (7o parágrafo), a oração em destaque pode ser substituída, sem prejuízo de sentido ao enunciado, por:
    Escolha uma alternativa para a questão 7122b594-b6
  • 710F10F3-B6

    Português

    Coesão e coerência
    FGV · 2016DifícilEntre para guardar nos favoritos
    Leia o texto para responder a questão.

        A notícia da morte de Domingos Montagner, o protagonista de Velho Chico, pegou todos de surpresa. Em um de seus melhores trabalhos na televisão, o ator encerrou uma carreira curta, porém com êxito no veículo.
        Tão logo surgiu em seu primeiro papel de destaque, Capitão Herculano, de Cordel Encantado (2011), Montagner foi alçado ao posto de galã.
         Em 2015, Montagner viveu um de seus principais papéis nas telenovelas. Mais uma vez, não decepcionou. Cativou o público e foi um dos pontos de destaque do sucesso de Sete Vidas.
        Montagner foi escalado para o principal papel da história Velho Chico, de Benedito Ruy Barbosa. Como Santo, vivia seu melhor momento na carreira: bem dirigida, sua interpretação estava irretocável. O nordestino era a alma da novela, que perde completamente o sentido com a morte do ator.
        A estupidez da morte de Domingos Montagner abrevia uma carreira no auge e que tinha tudo para seguir em crescimento. Sem dúvida alguma, as artes brasileiras perdem um magnífico ator. Velho Chico, a razão de ser.
    (Raphael Scire. Notícias da TV. http://bit.ly/2eQMcW3, 15.09.2016. Adaptado)
    Assinale a alternativa em que uma das vírgulas está sinalizando a elipse de um termo da frase.
    Escolha uma alternativa para a questão 710f10f3-b6
  • 70F07910-B6

    Português

    Interpretação de Textos
    FGV · 2016FácilEntre para guardar nos favoritos
    Leia o texto para responder a questão.

    O país tenta se recompor

    No Brasil, que enfrenta uma das piores recessões de sua história, a cada novo dado econômico que é divulgado, a questão que se coloca é a mesma: melhoramos ou continuamos a piorar? No final de agosto, os indicadores de desempenho do produto interno bruto do segundo trimestre apontaram uma retração de 0,6%, totalizando assim seis semestres consecutivos no vermelho. Da mesma forma, o último balanço do mercado de trabalho mostrou que o desemprego continua a se encorpar. Conclusão: pioramos. Já o índice que mede a produção industrial registrou em julho a quinta alta consecutiva. Para quem observa o mercado financeiro, com a recente sequência de altas da Bovespa e a valorização do real, a mensagem é de volta da confiança. Nova conclusão: estamos melhorando. A profusão de dados pintando um cenário contraditório apenas confirma que a retomada – por mais que seja desejada – tende a ser difícil e lenta. O que vai ficando claro é que, enquanto grande parte da economia brasileira ainda contabiliza seus mortos, outra parcela – menor, é verdade – começa a se recompor. Trata-se de uma reorganização que, motivada pela crise, deverá redesenhar setores inteiros, determinar novos líderes de mercado e, no longo prazo, tornar a economia brasileira mais competitiva.
    (Fabiane Stefano e Flávia Furlan. Exame, 14.09.2016. Adaptado)
    O texto trata da recessão vivida pelo Brasil. Nele, as autoras destacam a existência de informações que
    Escolha uma alternativa para a questão 70f07910-b6
  • 70EAD340-B6

    Português

    Coesão e coerência
    FGV · 2016DifícilEntre para guardar nos favoritos

    Leia o texto.

    Imagem da questão de Português, da prova de 2016


    Mil dias após seu lançamento, em 19 de dezembro de 2013, o telescópio espacial europeu Gaia revelou nesta quarta-feira [14.09.2016] o resultado de suas buscas no espaço, observando a passagem de 60 milhões de estrelas por dia em nossa galáxia, que tem 100 mil anos-luz de diâmetro.

    O resultado é o mapa 3D mais detalhado já produzido da Via Láctea, um catálogo de 1 bilhão de estrelas.

    (Uol Notícias.http://bit.ly/2ev0ikx, 14.09.2016. Adaptado)

    Em conformidade com a norma-padrão e com o sentido das informações apresentadas, um título coerente para o texto é:

    Escolha uma alternativa para a questão 70ead340-b6
  • 705CE085-B6

    Inglês

    Interpretação de texto | Reading comprehension
    FGV · 2016DifícilEntre para guardar nos favoritos

    Leia o texto para responder a questão.


    Economists Reduce Outlook for Brazil Inflation – Survey

    By Rogerio Jelmayer – Dow Jones Business News 


    Imagem da questão de Inglês, da prova de 2016

    Shutterstock phot


       Economists reduced their inflation estimate in Brazil for this year and next year, according to the central bank’s weekly survey of 100 economists published Monday. Economists now expect inflation, as measured by the consumer-price index, to be 7.25% this year, compared with last week’s estimate of 7.34%, the survey showed.

         Economists estimate Brazil’s gross domestic product is likely to contract 3.14% this year, compared with an expected contraction of 3.15% in last week’s survey. Last year, Brazil’s economy contracted 3.80%, according to the country’s statistical bureau, IBGE. For 2017, economists reduced their view of GDP growth to 1.30% from 1.36%.

    (www.nasdaq.com. 26.06.2016. Adaptado)

    The survey mentioned in the text
    Escolha uma alternativa para a questão 705ce085-b6
  • 70591B51-B6

    Inglês

    Interpretação de texto | Reading comprehension
    FGV · 2016FácilEntre para guardar nos favoritos

    Leia o texto para responder a questão.


    Economists Reduce Outlook for Brazil Inflation – Survey

    By Rogerio Jelmayer – Dow Jones Business News 


    Imagem da questão de Inglês, da prova de 2016

    Shutterstock phot


       Economists reduced their inflation estimate in Brazil for this year and next year, according to the central bank’s weekly survey of 100 economists published Monday. Economists now expect inflation, as measured by the consumer-price index, to be 7.25% this year, compared with last week’s estimate of 7.34%, the survey showed.

         Economists estimate Brazil’s gross domestic product is likely to contract 3.14% this year, compared with an expected contraction of 3.15% in last week’s survey. Last year, Brazil’s economy contracted 3.80%, according to the country’s statistical bureau, IBGE. For 2017, economists reduced their view of GDP growth to 1.30% from 1.36%.

    (www.nasdaq.com. 26.06.2016. Adaptado)

    In the title of the text, the word “outlook” means
    Escolha uma alternativa para a questão 70591b51-b6
  • 7053D6B9-B6

    Inglês

    Interpretação de texto | Reading comprehension
    FGV · 2016MédioEntre para guardar nos favoritos

    Leia o texto para responder a questão. 

    Patience is needed for Brazil to come good again

    Michael Hasenstab

    Dr. Michael Hasenstab is executive

    vice-president, portfolio manager

    and chief investment officer of

    Templeton Global Macro


        The Olympic Games in Rio drew global interest to Brazil, but the country and the rest of South America has been in sharp focus for investors all year. They have flocked to the region as part of a broader migration into emerging market debt, following record low valuations and the hunt for yield in a low interest rate environment. While investors have been presented with a rarely seen buying opportunity in emerging markets like South America, it is a mistake to regard these countries as a homogenous group.

        That leaves the challenge of working out which are the most attractive opportunities – some of our best known investments were not obvious choices.

        We have devised a formula to help us evaluate the fundamental strength of different emerging market countries. It scores a country’s current and projected strength on five factors: how well it has learnt the lessons from past crises; the quality of its policy mix; the structural reform being undertaken to boost productivity; the level of domestic demand; and its ability to resist external shocks. The aim is to pick nations that are fundamentally strong but, for one reason or another, are out of favour with investors. It can take time for the market to catch up to reality. But if you are a long-term investor – and we are certainly in that camp – you have the luxury of being able to wait.

        Brazil, for example, is known as a vulnerable market due to the commodities downturn, the ongoing corruption crisis and ensuing political turmoil, but our work suggests to us that it is poised for a potentially significant rebound in the long term. Its current score is low, but its projected future score tells a different story.

        We believe the country has learnt the lessons from the most recent crisis, which brought home the importance of having a sustainable fiscal policy. It has already adopted a flexible exchange rate, has strong foreign exchange reserves and has limited short-term debt. This is also reflected in the country’s improving resilience to external shocks, with a reliance on commodities, at 60 per cent of exports, being the largest remaining negative.

        It is perhaps no surprise, given Brazil’s deep recession and political instability, that there is much work required in terms of improving policy mix, making structural reforms and boosting domestic demand. However, there are signs things are being turned around, with monetary policy already being tightened aggressively to bring inflation expectations back under control, and the previously excessive levels of governmentsubsidised lending being cut. Once political stability returns, the government will be empowered to do even more.

        Work on structural reform should accelerate too, as Brazil’s middle class has made it clear it wants greater transparency and an economic policy framework that can both boost living standards and improve the environment for businesses.

    (www.ft.com. 01.09.2016. Adaptado) 

    In the excerpt of the seventh paragraph “Work on structural reform should accelerate too”, the word in bold can be replaced, without meaning change, by
    Escolha uma alternativa para a questão 7053d6b9-b6
  • 70503CB3-B6

    Inglês

    Interpretação de texto | Reading comprehension
    FGV · 2016MédioEntre para guardar nos favoritos

    Leia o texto para responder a questão. 

    Patience is needed for Brazil to come good again

    Michael Hasenstab

    Dr. Michael Hasenstab is executive

    vice-president, portfolio manager

    and chief investment officer of

    Templeton Global Macro


        The Olympic Games in Rio drew global interest to Brazil, but the country and the rest of South America has been in sharp focus for investors all year. They have flocked to the region as part of a broader migration into emerging market debt, following record low valuations and the hunt for yield in a low interest rate environment. While investors have been presented with a rarely seen buying opportunity in emerging markets like South America, it is a mistake to regard these countries as a homogenous group.

        That leaves the challenge of working out which are the most attractive opportunities – some of our best known investments were not obvious choices.

        We have devised a formula to help us evaluate the fundamental strength of different emerging market countries. It scores a country’s current and projected strength on five factors: how well it has learnt the lessons from past crises; the quality of its policy mix; the structural reform being undertaken to boost productivity; the level of domestic demand; and its ability to resist external shocks. The aim is to pick nations that are fundamentally strong but, for one reason or another, are out of favour with investors. It can take time for the market to catch up to reality. But if you are a long-term investor – and we are certainly in that camp – you have the luxury of being able to wait.

        Brazil, for example, is known as a vulnerable market due to the commodities downturn, the ongoing corruption crisis and ensuing political turmoil, but our work suggests to us that it is poised for a potentially significant rebound in the long term. Its current score is low, but its projected future score tells a different story.

        We believe the country has learnt the lessons from the most recent crisis, which brought home the importance of having a sustainable fiscal policy. It has already adopted a flexible exchange rate, has strong foreign exchange reserves and has limited short-term debt. This is also reflected in the country’s improving resilience to external shocks, with a reliance on commodities, at 60 per cent of exports, being the largest remaining negative.

        It is perhaps no surprise, given Brazil’s deep recession and political instability, that there is much work required in terms of improving policy mix, making structural reforms and boosting domestic demand. However, there are signs things are being turned around, with monetary policy already being tightened aggressively to bring inflation expectations back under control, and the previously excessive levels of governmentsubsidised lending being cut. Once political stability returns, the government will be empowered to do even more.

        Work on structural reform should accelerate too, as Brazil’s middle class has made it clear it wants greater transparency and an economic policy framework that can both boost living standards and improve the environment for businesses.

    (www.ft.com. 01.09.2016. Adaptado) 

    In the excerpt of the sixth paragraph “Once political stability returns, the government will be empowered to do even more”, the word in bold expresses an idea of
    Escolha uma alternativa para a questão 70503cb3-b6
  • 704BADBF-B6

    Inglês

    Aspectos linguísticos | Linguistic aspects
    FGV · 2016FácilEntre para guardar nos favoritos

    Leia o texto para responder a questão. 

    Patience is needed for Brazil to come good again

    Michael Hasenstab

    Dr. Michael Hasenstab is executive

    vice-president, portfolio manager

    and chief investment officer of

    Templeton Global Macro


        The Olympic Games in Rio drew global interest to Brazil, but the country and the rest of South America has been in sharp focus for investors all year. They have flocked to the region as part of a broader migration into emerging market debt, following record low valuations and the hunt for yield in a low interest rate environment. While investors have been presented with a rarely seen buying opportunity in emerging markets like South America, it is a mistake to regard these countries as a homogenous group.

        That leaves the challenge of working out which are the most attractive opportunities – some of our best known investments were not obvious choices.

        We have devised a formula to help us evaluate the fundamental strength of different emerging market countries. It scores a country’s current and projected strength on five factors: how well it has learnt the lessons from past crises; the quality of its policy mix; the structural reform being undertaken to boost productivity; the level of domestic demand; and its ability to resist external shocks. The aim is to pick nations that are fundamentally strong but, for one reason or another, are out of favour with investors. It can take time for the market to catch up to reality. But if you are a long-term investor – and we are certainly in that camp – you have the luxury of being able to wait.

        Brazil, for example, is known as a vulnerable market due to the commodities downturn, the ongoing corruption crisis and ensuing political turmoil, but our work suggests to us that it is poised for a potentially significant rebound in the long term. Its current score is low, but its projected future score tells a different story.

        We believe the country has learnt the lessons from the most recent crisis, which brought home the importance of having a sustainable fiscal policy. It has already adopted a flexible exchange rate, has strong foreign exchange reserves and has limited short-term debt. This is also reflected in the country’s improving resilience to external shocks, with a reliance on commodities, at 60 per cent of exports, being the largest remaining negative.

        It is perhaps no surprise, given Brazil’s deep recession and political instability, that there is much work required in terms of improving policy mix, making structural reforms and boosting domestic demand. However, there are signs things are being turned around, with monetary policy already being tightened aggressively to bring inflation expectations back under control, and the previously excessive levels of governmentsubsidised lending being cut. Once political stability returns, the government will be empowered to do even more.

        Work on structural reform should accelerate too, as Brazil’s middle class has made it clear it wants greater transparency and an economic policy framework that can both boost living standards and improve the environment for businesses.

    (www.ft.com. 01.09.2016. Adaptado) 

    In the excerpt of the sixth paragraph “However, there are signs things are being turned around” the word in bold can be replaced, without meaning change, by
    Escolha uma alternativa para a questão 704badbf-b6
  • 7046FA3B-B6

    Inglês

    Interpretação de texto | Reading comprehension
    FGV · 2016DifícilEntre para guardar nos favoritos

    Leia o texto para responder a questão. 

    Patience is needed for Brazil to come good again

    Michael Hasenstab

    Dr. Michael Hasenstab is executive

    vice-president, portfolio manager

    and chief investment officer of

    Templeton Global Macro


        The Olympic Games in Rio drew global interest to Brazil, but the country and the rest of South America has been in sharp focus for investors all year. They have flocked to the region as part of a broader migration into emerging market debt, following record low valuations and the hunt for yield in a low interest rate environment. While investors have been presented with a rarely seen buying opportunity in emerging markets like South America, it is a mistake to regard these countries as a homogenous group.

        That leaves the challenge of working out which are the most attractive opportunities – some of our best known investments were not obvious choices.

        We have devised a formula to help us evaluate the fundamental strength of different emerging market countries. It scores a country’s current and projected strength on five factors: how well it has learnt the lessons from past crises; the quality of its policy mix; the structural reform being undertaken to boost productivity; the level of domestic demand; and its ability to resist external shocks. The aim is to pick nations that are fundamentally strong but, for one reason or another, are out of favour with investors. It can take time for the market to catch up to reality. But if you are a long-term investor – and we are certainly in that camp – you have the luxury of being able to wait.

        Brazil, for example, is known as a vulnerable market due to the commodities downturn, the ongoing corruption crisis and ensuing political turmoil, but our work suggests to us that it is poised for a potentially significant rebound in the long term. Its current score is low, but its projected future score tells a different story.

        We believe the country has learnt the lessons from the most recent crisis, which brought home the importance of having a sustainable fiscal policy. It has already adopted a flexible exchange rate, has strong foreign exchange reserves and has limited short-term debt. This is also reflected in the country’s improving resilience to external shocks, with a reliance on commodities, at 60 per cent of exports, being the largest remaining negative.

        It is perhaps no surprise, given Brazil’s deep recession and political instability, that there is much work required in terms of improving policy mix, making structural reforms and boosting domestic demand. However, there are signs things are being turned around, with monetary policy already being tightened aggressively to bring inflation expectations back under control, and the previously excessive levels of governmentsubsidised lending being cut. Once political stability returns, the government will be empowered to do even more.

        Work on structural reform should accelerate too, as Brazil’s middle class has made it clear it wants greater transparency and an economic policy framework that can both boost living standards and improve the environment for businesses.

    (www.ft.com. 01.09.2016. Adaptado) 

    In the sixth paragraph, the text indicates Brazil should
    Escolha uma alternativa para a questão 7046fa3b-b6
  • 70420305-B6

    Inglês

    Interpretação de texto | Reading comprehension
    FGV · 2016DifícilEntre para guardar nos favoritos

    Leia o texto para responder a questão. 

    Patience is needed for Brazil to come good again

    Michael Hasenstab

    Dr. Michael Hasenstab is executive

    vice-president, portfolio manager

    and chief investment officer of

    Templeton Global Macro


        The Olympic Games in Rio drew global interest to Brazil, but the country and the rest of South America has been in sharp focus for investors all year. They have flocked to the region as part of a broader migration into emerging market debt, following record low valuations and the hunt for yield in a low interest rate environment. While investors have been presented with a rarely seen buying opportunity in emerging markets like South America, it is a mistake to regard these countries as a homogenous group.

        That leaves the challenge of working out which are the most attractive opportunities – some of our best known investments were not obvious choices.

        We have devised a formula to help us evaluate the fundamental strength of different emerging market countries. It scores a country’s current and projected strength on five factors: how well it has learnt the lessons from past crises; the quality of its policy mix; the structural reform being undertaken to boost productivity; the level of domestic demand; and its ability to resist external shocks. The aim is to pick nations that are fundamentally strong but, for one reason or another, are out of favour with investors. It can take time for the market to catch up to reality. But if you are a long-term investor – and we are certainly in that camp – you have the luxury of being able to wait.

        Brazil, for example, is known as a vulnerable market due to the commodities downturn, the ongoing corruption crisis and ensuing political turmoil, but our work suggests to us that it is poised for a potentially significant rebound in the long term. Its current score is low, but its projected future score tells a different story.

        We believe the country has learnt the lessons from the most recent crisis, which brought home the importance of having a sustainable fiscal policy. It has already adopted a flexible exchange rate, has strong foreign exchange reserves and has limited short-term debt. This is also reflected in the country’s improving resilience to external shocks, with a reliance on commodities, at 60 per cent of exports, being the largest remaining negative.

        It is perhaps no surprise, given Brazil’s deep recession and political instability, that there is much work required in terms of improving policy mix, making structural reforms and boosting domestic demand. However, there are signs things are being turned around, with monetary policy already being tightened aggressively to bring inflation expectations back under control, and the previously excessive levels of governmentsubsidised lending being cut. Once political stability returns, the government will be empowered to do even more.

        Work on structural reform should accelerate too, as Brazil’s middle class has made it clear it wants greater transparency and an economic policy framework that can both boost living standards and improve the environment for businesses.

    (www.ft.com. 01.09.2016. Adaptado) 

    Based on the fourth paragraph, the fifth paragraph presents Brazil as
    Escolha uma alternativa para a questão 70420305-b6
  • 703D2FFD-B6

    Inglês

    Advérbios e conjunções | Adverbs and conjunctions
    FGV · 2016MédioEntre para guardar nos favoritos

    Leia o texto para responder a questão. 

    Patience is needed for Brazil to come good again

    Michael Hasenstab

    Dr. Michael Hasenstab is executive

    vice-president, portfolio manager

    and chief investment officer of

    Templeton Global Macro


        The Olympic Games in Rio drew global interest to Brazil, but the country and the rest of South America has been in sharp focus for investors all year. They have flocked to the region as part of a broader migration into emerging market debt, following record low valuations and the hunt for yield in a low interest rate environment. While investors have been presented with a rarely seen buying opportunity in emerging markets like South America, it is a mistake to regard these countries as a homogenous group.

        That leaves the challenge of working out which are the most attractive opportunities – some of our best known investments were not obvious choices.

        We have devised a formula to help us evaluate the fundamental strength of different emerging market countries. It scores a country’s current and projected strength on five factors: how well it has learnt the lessons from past crises; the quality of its policy mix; the structural reform being undertaken to boost productivity; the level of domestic demand; and its ability to resist external shocks. The aim is to pick nations that are fundamentally strong but, for one reason or another, are out of favour with investors. It can take time for the market to catch up to reality. But if you are a long-term investor – and we are certainly in that camp – you have the luxury of being able to wait.

        Brazil, for example, is known as a vulnerable market due to the commodities downturn, the ongoing corruption crisis and ensuing political turmoil, but our work suggests to us that it is poised for a potentially significant rebound in the long term. Its current score is low, but its projected future score tells a different story.

        We believe the country has learnt the lessons from the most recent crisis, which brought home the importance of having a sustainable fiscal policy. It has already adopted a flexible exchange rate, has strong foreign exchange reserves and has limited short-term debt. This is also reflected in the country’s improving resilience to external shocks, with a reliance on commodities, at 60 per cent of exports, being the largest remaining negative.

        It is perhaps no surprise, given Brazil’s deep recession and political instability, that there is much work required in terms of improving policy mix, making structural reforms and boosting domestic demand. However, there are signs things are being turned around, with monetary policy already being tightened aggressively to bring inflation expectations back under control, and the previously excessive levels of governmentsubsidised lending being cut. Once political stability returns, the government will be empowered to do even more.

        Work on structural reform should accelerate too, as Brazil’s middle class has made it clear it wants greater transparency and an economic policy framework that can both boost living standards and improve the environment for businesses.

    (www.ft.com. 01.09.2016. Adaptado) 

    In the excerpt of the fourth paragraph “Brazil, for example, is known as a vulnerable market due to the commodities downturn”, the expression in bold introduces a
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  • 7034A9FC-B6

    Inglês

    Interpretação de texto | Reading comprehension
    FGV · 2016DifícilEntre para guardar nos favoritos

    Leia o texto para responder a questão. 

    Patience is needed for Brazil to come good again

    Michael Hasenstab

    Dr. Michael Hasenstab is executive

    vice-president, portfolio manager

    and chief investment officer of

    Templeton Global Macro


        The Olympic Games in Rio drew global interest to Brazil, but the country and the rest of South America has been in sharp focus for investors all year. They have flocked to the region as part of a broader migration into emerging market debt, following record low valuations and the hunt for yield in a low interest rate environment. While investors have been presented with a rarely seen buying opportunity in emerging markets like South America, it is a mistake to regard these countries as a homogenous group.

        That leaves the challenge of working out which are the most attractive opportunities – some of our best known investments were not obvious choices.

        We have devised a formula to help us evaluate the fundamental strength of different emerging market countries. It scores a country’s current and projected strength on five factors: how well it has learnt the lessons from past crises; the quality of its policy mix; the structural reform being undertaken to boost productivity; the level of domestic demand; and its ability to resist external shocks. The aim is to pick nations that are fundamentally strong but, for one reason or another, are out of favour with investors. It can take time for the market to catch up to reality. But if you are a long-term investor – and we are certainly in that camp – you have the luxury of being able to wait.

        Brazil, for example, is known as a vulnerable market due to the commodities downturn, the ongoing corruption crisis and ensuing political turmoil, but our work suggests to us that it is poised for a potentially significant rebound in the long term. Its current score is low, but its projected future score tells a different story.

        We believe the country has learnt the lessons from the most recent crisis, which brought home the importance of having a sustainable fiscal policy. It has already adopted a flexible exchange rate, has strong foreign exchange reserves and has limited short-term debt. This is also reflected in the country’s improving resilience to external shocks, with a reliance on commodities, at 60 per cent of exports, being the largest remaining negative.

        It is perhaps no surprise, given Brazil’s deep recession and political instability, that there is much work required in terms of improving policy mix, making structural reforms and boosting domestic demand. However, there are signs things are being turned around, with monetary policy already being tightened aggressively to bring inflation expectations back under control, and the previously excessive levels of governmentsubsidised lending being cut. Once political stability returns, the government will be empowered to do even more.

        Work on structural reform should accelerate too, as Brazil’s middle class has made it clear it wants greater transparency and an economic policy framework that can both boost living standards and improve the environment for businesses.

    (www.ft.com. 01.09.2016. Adaptado) 

    In the excerpt of the third paragraph “We have devised a formula to help us evaluate the fundamental strength”, the word in bold refers to
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  • 2A342143-1C

    Inglês

    Interpretação de texto | Reading comprehension
    FGV · 2016MédioEntre para guardar nos favoritos
    https://qcon-assets-production.s3.amazonaws.com/images/provas/65868/prova_30.12.1.jpg With respect to drone warfare, the information in the article most supports which of the following?
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    Inglês

    Interpretação de texto | Reading comprehension
    FGV · 2016DifícilEntre para guardar nos favoritos
    https://qcon-assets-production.s3.amazonaws.com/images/provas/65868/prova_30.12.1.jpg According to the information in the article, which of the following is most likely a belief held by both Amnesty International and Human Rights Watch?
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  • 2A253DFA-1C

    Inglês

    Interpretação de texto | Reading comprehension
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    https://qcon-assets-production.s3.amazonaws.com/images/provas/65868/prova_30.12.1.jpg At the beginning of paragraph 2, the phrase “The development of drone warfare has put these distinctions under stress” most likely refers to which of the following?
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  • 2A217C9D-1C

    Inglês

    Interpretação de texto | Reading comprehension
    FGV · 2016DifícilEntre para guardar nos favoritos
    https://qcon-assets-production.s3.amazonaws.com/images/provas/65868/prova_30.12.1.jpg The article contains information that would most support which of the following ideas?
    Escolha uma alternativa para a questão 2a217c9d-1c