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Question 1 of 27
1. Question
The philosophical contemplations of Descartes centered around the foundational concept of cogito, ergo sum: “I think, therefore I am.” This dictum encapsulated his belief in the primacy of reason, asserting that one’s existence is _______ through conscious reflection.
Which choice completes the text with the most logical and precise word or phrase?
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Question 2 of 27
2. Question
The global economy, an intricate web of trade, finance, and commerce, often exhibits signs of _______ fluctuations based on geopolitical events, natural disasters, or technological advancements. Predicting these changes is both art and science.
Which choice completes the text with the most logical and precise word or phrase?
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Question 3 of 27
3. Question
Within the world of finance, the intricacies of fiscal policy are often predicated on the country’s economic health. Balancing inflation rates, employment, and growth requires a _______ orchestration of various monetary tools.
Which choice completes the text with the most logical and precise word or phrase?
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Question 4 of 27
4. Question
Historical analyses of ancient civilizations frequently illuminate patterns of trade, warfare, and societal evolution. In contrast, the socio-cultural practices of these societies, such as rites, rituals, and folktales, often remain enshrouded in ambiguity. Yet, these esoteric traditions provide invaluable windows into the psyches of bygone populations, revealing much about their deepest fears, aspirations, and worldviews. Scholars, through rigorous ethnographic studies, attempt to decode these traditions, offering contemporary audiences a glimpse into ancient societal mores.
Which choice best states the function of the underlined sentence in the text as a whole?
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Question 5 of 27
5. Question
Economic models, by their very nature, attempt to simulate the multifaceted dynamics of real-world markets. Though mathematical in structure, these models often incorporate sociological and psychological variables to enhance their accuracy. However, the inherent limitation of such models lies in their inability to predict anomalies arising from unforeseen geopolitical events. Policymakers, hence, often couple these models with qualitative analyses to ensure comprehensive economic forecasting.
Which choice best states the function of the underlined sentence in the text as a whole?
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Question 6 of 27
6. Question
Passage 1
The intricacies of fiscal policy, especially in an era where globalization is profoundly reshaping economic landscapes, are not to be understated. Consider, for instance, the ephemeral nature of capital flows which, when unbridled, can lead to volatile economic climates, often exacerbating recessions. Many economists, rooted in the Keynesian tradition, advocate for stringent regulation of these flows, ensuring that economies remain insulated from unpredictable global shifts. Such an approach, while seemingly antithetical to laissez-faire capitalism, is essential in preserving the integrity of national economies, especially those of developing nations.
Passage 2
Modern economies, as they grapple with the consequences of unfettered globalization, often face a conundrum. On one hand, the allure of unrestricted capital flows promises rapid economic growth and prosperity. On the other, the accompanying volatility can be detrimental. While the Keynesian paradigm suggests cloistering economies from such volatilities through regulation, it’s imperative to recognize the benefits of a free market system. Restrictive measures can stifle innovation and deter foreign investments, potentially stagnating an economy. Striking a balance, therefore, is crucial.
Based on the given passages, which statement best describes a point of contention between the authors of Passage 1 and Passage 2 regarding fiscal policy in the face of globalization?
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Question 7 of 27
7. Question
Passage 1
Historical materialism, in its pursuit to comprehend societal evolution, predicates itself on the dialectical relationship between the superstructure and the base. The latter, comprising the forces and relations of production, plays a pivotal role in shaping the ideological and institutional framework—the superstructure. Nonetheless, one must caution against embracing a reductive determinism; the interplay isn’t merely unidirectional. Though the base frequently molds the superstructure, the converse also holds veracity, albeit to a lesser degree.
Passage 2
Any rigorous analysis of societal change must be predicated upon the dynamics between the economic foundations and the emergent societal ideologies. These two, though intrinsically entwined, don’t always exhibit a straightforward causal relationship. While the economic substrate often acts as a catalyst for societal norms, to argue that ideologies, in turn, never influence economic modalities would be an oversimplified postulation. The flux is cyclical, not linear.
Given the two passages, which of the following statements about the relationship between economic foundations and societal ideologies would the author of Passage 1 most likely disagree with the author of Passage 2?
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Question 8 of 27
8. Question
Passage 1
In the lexicon of neoclassical economics, the assumption of ‘rational actors’ is sacrosanct. These actors, according to staunch neoclassical purists, are invariably guided by self-interest, striving to maximize their utility in a world of scarcity. The result is an equilibrium wherein supply meets demand at an optimal price point. Yet, many contemporaneous thinkers have critiqued this worldview, positing that the human psyche, with its panoply of emotions and biases, seldom behaves in strictly rational ways. Factors such as societal norms, behavioral idiosyncrasies, and even irrational exuberance can skew this pristine economic model.
Passage 2
Behavioral economics has ascended the academic echelons, challenging traditional economic models that have long dominated the discourse. At its heart, behavioral economics acknowledges the quixotic nature of human decision-making. It is a repudiation of the notion that individuals are consistently rational, devoid of biases or emotions. Instead, behavioral theorists argue that our decisions are frequently influenced by a mélange of cognitive biases, heuristics, and societal imperatives. This, in turn, has profound implications for understanding market dynamics and predicting consumer behavior.
Based on the perspectives elucidated in the passages, with respect to which statement would the author of Passage 1 most likely disagree with the author of Passage 2, regarding human decision-making in economic contexts?
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Question 9 of 27
9. Question
In the arcane echelons of modern financial epistemology, the oscillation between fiduciary responsibility and aggressive portfolio expansion represents a persistent conundrum. On one spectrum, adherence to prudent fiscal principles safeguards stakeholders’ interests, often leading to the preservation of capital. Contrarily, the other spectrum extols the virtues of audacious financial adventurism, beckoning investors to venture into uncharted territories in the pursuit of maximized returns. This duality, subtly underpinned by the age-old battle between fear and greed, further finds its roots embedded in behavioral economics, suggesting a confluence of cognitive biases and emotional predilections influencing investment decisions. Indeed, the quest to harmonize these seemingly dichotomous paradigms continues to elude even the most seasoned financiers, necessitating a perpetually evolving strategic approach.
Which of the following inferences is most closely aligned with the underlying sentiment of the passage?
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Question 10 of 27
10. Question
In the intricate tapestry of global finance, the concept of neo-monetary fluidity stands juxtaposed with classical pecuniary paradigms. Historically, liquid assets adhered to predictable channels of flow, delineated largely by geopolitical exigencies and dictated by centralized fiscal authorities. However, the advent of digital currencies and decentralized finance, abbreviated as DeFi, has engendered a paradigmatic shift. This nascent financial model, emancipated from the tethering of traditional banking edifices, has proffered an arena for instantaneous, borderless transactions. Yet, while these innovations evoke a sense of unfettered financial liberation, they also plunge the domain into realms of unforeseen volatility. One cannot overlook the perturbations that these uncharted fiscal waters might usher, challenging the erstwhile stable notions of wealth, solvency, and economic equilibrium.
What can be inferred about the implications of the emergence of digital currencies and decentralized finance on global finance?
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Question 11 of 27
11. Question
In the annals of economic historiography, one discerns a subtle yet profound tension between proponents of free-market capitalism and those espousing regulated interventions. The inexorable momentum of globalization, bolstered by technological advancements, has dramatically widened the chasm between the affluent and the penurious. This glaring economic bifurcation, some scholars argue, is an unpalatable consequence of laissez-faire economics, wherein market forces operate uninhibited. Others, however, posit that periodic downturns, such as recessions, are not the mere offspring of deregulation but arise from multifarious factors, including geopolitical dynamics and fiscal imprudence. Yet, in the crucible of economic debate, the clarion call remains: is unfettered capitalism inherently predisposed to engendering disparities, or are there other shadowy actors at play?
Which one of the following, if true, would strengthen the author’s claims in the passage?
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Question 12 of 27
12. Question
In the sprawling tapestry of global economic paradigms, the ephemeral dance of currency values continually perplexes financial savants. The ethereal fluctuation of these currencies, often obfuscated by transitory market sentiments, bears an uncanny resemblance to the capricious nature of Baroque art. Delving deeper, the art of economic prediction is not so much a science as it is an interpretation of kaleidoscopic patterns, much like discerning the variegated hues in a Byzantine mosaic. Indeed, the financial world, with its myriad intricacies, can be viewed as an expansive gallery where every fiscal decision is analogous to a painter’s brushstroke, shaping the overarching narrative and influencing the global economic portrait.
Which one of the following statements, if true, would be the most direct extension of the arguments in the passage?
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Question 13 of 27
13. Question
In the intricate corridors of economic philosophy, the notion that wealth creation is an end in itself has often been juxtaposed against the belief that wealth is but a means to achieving societal harmony. The former, referred to as the ‘Affluent Paradigm’, posits that nations ought to maximize their economic output without undue emphasis on equitable distribution. Such an emphasis, it claims, would stifle innovation and deter capital accumulation. The latter perspective, termed the ‘Equitable Doctrine’, asserts that mere accumulation of capital, devoid of its just distribution, results in societal discord and eventually erodes the very fabric of a nation. The tug-of-war between these doctrines has shaped fiscal policies across epochs, influencing the destinies of nations and the prosperity of their denizens.
Which one of the following, if false, would weaken the author’s claims in the passage?
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Question 14 of 27
14. Question
In the panoramic landscape of philosophy, discussions surrounding the immutable nature of existential truths have captivated scholars since antiquity. The ‘Metaphysical Construct’, a lesser-known doctrine, avers that existential realities are neither transient nor shifting but are rather embedded in the continuum of the cosmos. A secondary school of thought, often described as the ‘Temporal Paradigm’, advocates that existential verities are fleeting, deeply intertwined with the epoch they emerge from. In essence, while the former perceives existence as a fixed tapestry woven into the vast expanse of the universe, the latter envisions it as ephemeral footnotes within ever-changing chapters of cosmic history.
Which of the following can be most accurately inferred from the passage?
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Question 15 of 27
15. Question
The complexities of income inequality pose obtrusive challenges for both policymakers and global societies. The multidimensional conundrum of income inequality entails more than just a skewed distribution of wealth and resources. The adjunct issues of unequal opportunities and varying living standards barely receive the attention they should. Income inequality has grave and debilitating ramifications. Income disparities cause arrested social mobility and challenge political and economic stability. The crux of the problem is that there is no effective consensus, within and among economies, as to how to mitigate these inequalities, whether to optimize a “trade-off” approach or laissez-faire orientation, which can potentially topple anything orderly. The problem with aggressively redistributive policy is that it can stymy innovation.
Based on the passage, which of the following is a valid inference?
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Question 16 of 27
16. Question
The Keynesian economic theory, formulated during the tumultuous years of the Great Depression, ______ governments to actively participate in regulating economies to manage demand and prevent economic downturns.
Which choice completes the text so that it conforms to the conventions of Standard English?
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Question 17 of 27
17. Question
During the Renaissance era, humanism, a cultural movement ______, emphasized the value and agency of human beings, often in opposition to religious dogma and institutionalized practices.
Which choice completes the text so that it conforms to the conventions of Standard English?
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Question 18 of 27
18. Question
Existentialism, a philosophical stance ______, posits that individuals are free and responsible agents determining their own development through acts of the will.
Which choice completes the text so that it conforms to the conventions of Standard English?
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Question 19 of 27
19. Question
Supply-side economics, an economic theory popularized in the late 20th century ______ argues that reducing taxes and regulations can stimulate economic growth. It postulates that when businesses are less burdened, they can invest and expand more freely.
Which choice completes the text so that it conforms to the conventions of Standard English?
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Question 20 of 27
20. Question
In ancient Mesopotamia, the cuneiform script, a system of writing using wedge-shaped symbols ______ was revolutionary for its time. This early form of writing paved the way for more advanced systems.
Which choice completes the text so that it conforms to the conventions of Standard English?
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Question 21 of 27
21. Question
In the study of cognitive dissonance, the mental discomfort felt when one holds contradictory beliefs or values ______ is examined extensively. This discomfort often leads individuals to modify one of the conflicting beliefs or attitudes.
Which choice completes the text so that it conforms to the conventions of Standard English?
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Question 22 of 27
22. Question
While diving deep into the annals of economic theory, Mark found these points of interest:
- Geoffrey Keynes was a renowned British economist.
- His theories were integral to shaping economic policies in the mid-20th century.
- Many of his works revolved around government intervention in markets.
- His paper ‘Economic Webs’ (1952) examined the role of governments in free markets.
- Another paper, ‘Market Dynamics’ (1955), explored the interplay of private enterprises and government regulations.
Mark desires to underscore a thematic link between the two papers. Which option employs the pertinent details from the notes to fulfill this purpose most effectively?
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Question 23 of 27
23. Question
While perusing the domain of modern management thought, Priya made the following notes:
- Dr. Leah Remington is a leading voice in contemporary management theory.
- Her work has inspired numerous companies to change their operational tactics.
- She emphasizes the value of collaborative leadership.
- Her book ‘Synchronous Synergies’ (2012) advocates for collaborative team structures.
- Another, ‘Echelons of Empowerment’ (2014), underscores leadership that empowers at all hierarchical levels.
Priya seeks to highlight the common leadership philosophy in these books. Which option most effectively uses the data from the notes to achieve this objective?
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Question 24 of 27
24. Question
In her studies of literature, Anna came across insights about:
- Dr. Walter Hennessey, a pioneer of neo-modernist poetry.
- His writings have been recognized in France, Argentina, India, and South Korea.
- Hennessey’s poems often use nature as an allegory for human emotions.
- His anthology, ‘Whispers of Willow’ (1997), draws parallels between trees and human despair.
- ‘Dawn’s Dew’ (2000) employs the metaphor of morning dew to depict fleeting joy.
Anna intends to highlight a shared thematic element between the two anthologies. Which choice utilizes the relevant insights from her studies to most effectively accomplish this?
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Question 25 of 27
25. Question
Modern existentialism, rooted in the musings of Kierkegaard and Nietzsche, raises questions about the essence of human freedom and meaning. While Kierkegaard posited faith as a conduit to transcendence, Nietzsche questioned religious frameworks altogether. Despite their fundamental disparities, ______ both thinkers converged on the notion that man’s existence precedes his essence.
Which choice completes the text with the most logical transition?
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Question 26 of 27
26. Question
The Baroque period, characterized by its grandeur and drama, produced monumental art and music. This era saw the genius of Bach and the intricate architecture of St. Peter’s Basilica. Amid this opulence, ______, some Baroque artists chose simplicity, producing minimalistic sketches and harmonies.
Which choice completes the text with the most logical transition?
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Question 27 of 27
27. Question
Economic globalization, once celebrated for promoting international trade, is now scrutinized for widening wealth gaps. Proponents argue it elevates developing economies, while detractors highlight increased income disparities. Amidst these debates, ______, environmental concerns related to globalization remain largely unaddressed.
Which choice completes the text with the most logical transition?
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