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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Verbal Reasoning Overview | 100% | - Reading Comprehension
|
The author's overall concern is with describing the process researchers are following to identify the genes
responsible for preventing cell death and with the direction (and goals) of current research based on their
findings. Of the five choices, choice B. best expresses the gist of the discussion. enterprise was prepared
for privatization and which form was most suitable for it. Slow privatization, some claim, is the only way to
establish true private ownership, because only those who must pay for enterprise-ownership rights will be
engaged in its management. But this method would only prolong the core problems of inefficiency and
misallocation of labor and capital, and hence either of two approaches to rapid privatization is preferable.
Under one such approach, shares of an enterprise would be distributed among its employees, who would
become its owners. This socialist reform method is deeply flawed; it discriminates in favor of workers who
happen to be employed by modern, efficient enterprises, and it jeopardizes workers' property by requiring
them to invest in the same enterprise in which they are employed, rather than diversifying their
investments. The better approach involves distribution of enterprise shares, free of charge, among all the
people by means of vouchers-a kind of investment money. Some critics charge that voucher holders
would not be interested in how their enterprises are managed-as may be true of small corporate
shareholders in capitalist countries who pay little attention to their investments until the corporation's
profits wane, at which time they rush to sell their securities. But while the resulting fall in stock prices can
be perilous for the corporation, this very pressure is what drives private firms toward efficiency and
profitability. Other detractors predict that most people will sell their vouchers to foreign capitalists.
However, these skeptics ignore the capacity of individuals to compare the future flow of income secured
by a voucher to the benefits of immediate consumption. Moreover, even if an individual should decide to
sell, the aim of voucher privatization is to secure equality not of property but of opportunity.
The passage mentions all of the following as possible adverse consequences of rapid privatization
EXCEPT
Correct Answer: B 🗳️
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REINFORCE : STRONGER
Correct Answer: C 🗳️
The recent birth of septuplets has spawned many newspaper articles presenting _______ accounts of
medical problems associated with multiple births, _______ the initial heartwarming stories about the
septuplets that dominated the press.
Correct Answer: B 🗳️
Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).
While there will always be a need for social programs geared toward alleviating the poverty of individuals,
the community is perhaps the more relevant level for public policy intervention, especially in rural areas. It
has been recognized that social isolation within urban ghettos is a structural characteristic of urban
poverty, but rural poverty is marked by physical isolation as well. This uniqueness makes rural community
poverty particularly intractable, requiring policies that account for the cost of isolation. It is possible to
provide vocational training for individuals anywhere, but if there are no jobs within the community for
those individuals, the training is largely wasted. The current transition to a service-based economy and
deregulation in transportation (resulting in disproportionately higher transportation costs for relatively
isolated areas) have only exacerbated the growing social and economic distress in rural America,
underscoring the need to redefine poverty and redirect the focus of our funding agencies and
policy-makers in accordance with the new definition. What's needed is a more holistic view on an
aggregate level, where poverty is properly seen as a condition of the local social structure, with income
only one of the salient parameters.
Which of the following is LEAST likely to be the author's vocation, based solely on the information in the
passage?
Correct Answer: A 🗳️
Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).
WALK : LEGS
Correct Answer: C 🗳️
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