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Decide which of the choices given below would best complete the passage if inserted in the corresponding blanks. Mark the best choice for each blank on your ANSWER SHEET. Many people invest in the stock market hoping to find the next Microsoft and Dell. However, I know (31) personal experience how difficult this really is. For more than a year, I was (32) hundreds and sometimes thousands of dollars a day in investing in the market. It seemed so easy, I dreamed of (33) my job at the end of the year, of buying a small apartment in Paris, of traveling around the world. But these dreams (34) to a sudden and dramatic end when a stock I (35) , Texas cellular pone wholesaler, fell by more than 75 per cent (36) a one year period. On the (37) day, it plunged by more than $15 a share. There was a rumor the company was (38) sales figures. That was when I learned how quickly Wall Street (39) companies that, in one way or another, misrepresent the (40) . In a (41) , I sold all my stocks in the company, (42) margin debt with’ cash advances from my (43) card. Because I owned so many shares, I (44) a small fortune, haft of it from money I borrowed from the brokerage company. One month, I am a (45) , the next, a loser. This one big loss was my first lesson in the market. My father was a stockbroker, as was my grandfather (46) him. (In fact, he founded one of Chicago’s earliest brokerage firms.) But like so many things in life, we don’t learn anything until we (47) it for ourselves. The only way to really understand the inner (48) of the stock market is to invest your own hard-earned money. When all your stocks are doing (49) and you feel like a winner, you learn very little. It’s when all are losing and everyone is questioning your stock picking (50) . that you find out if you have what it takes to invest in the market.
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TEXT D Traffic statistics paint a gloomy picture. To help solve their, traffic woes, some rapidly growing US cities have simply built more roads. But traffic experts say building more roads is a quick-fix solution that will not alleviated the traffic problem in the long run. Soaring land costs, increasing concern over social and environmental disruptions caused by road building, and the likelihood that more roads can only lead to more cars and traffic are powerful factors bearing down on a 1950s-style construction program. The goal of smart-highway technology is to make traffic systems work at optimum efficiency by treating the road and the vehicles traveling on them as an integral transportation system. Proponents of the advanced technology say electronic detection systems, closed-circuit television, radio-communication, ramp metering variable message signing, and other smart-highway technology can now be used at a reasonable cost to improve communication between drivers and the people who monitor traffic. Pathfinder, a Santa Monica, California-based smart-highway project in ’which a-14-mile stretch of the Santa Monica Freeway, making up what is called a "smart corridor," is being instrumented with buried loops in the pavement. Closed-circuit television cameras survey the flow of traffic; while communication linked to property equipped automobiles advise motorists of the least congested routes or detours. Not all traffic experts, however, look to smart-highway technology as the ultimate solution to traffic gridlock. Some say the high-tech approach is limited and can only offer temporary solutions to a serious problem. "Electronics on the highway, addresses just one aspects of the problem: how to regulate traffic more efficiently," explains Michael Renner, senior researcher at the world-watch Institute. "It does not deal with the central problem of too many cars for roads that cannot be built fast enough. It sends people the wrong message. They start thinking ’yes, there used to be a traffic congestion problem, but that’s been solved now because we have advanced high-tech system in place." Larson agrees and adds, "Smart highway is just one of the tools that we use to deal with our traffic problems. It is not the solution itself, just pan of package. There are different strategies." Other traffic problem-solving options being studied and experimented with include car-pooling, rapid mass-transit systems, staggered or flexible work hours and road pricing, a system whereby motorists pay a certain amount for the time they use a highway. It seems that we need a new, major thrust to deal with the traffic problems of the next 20 years. There has to be a big change and a long way to go. According to the passage, the smart-highway technology is aimed to ______.
TEXT D Traffic statistics paint a gloomy picture. To help solve their, traffic woes, some rapidly growing US cities have simply built more roads. But traffic experts say building more roads is a quick-fix solution that will not alleviated the traffic problem in the long run. Soaring land costs, increasing concern over social and environmental disruptions caused by road building, and the likelihood that more roads can only lead to more cars and traffic are powerful factors bearing down on a 1950s-style construction program. The goal of smart-highway technology is to make traffic systems work at optimum efficiency by treating the road and the vehicles traveling on them as an integral transportation system. Proponents of the advanced technology say electronic detection systems, closed-circuit television, radio-communication, ramp metering variable message signing, and other smart-highway technology can now be used at a reasonable cost to improve communication between drivers and the people who monitor traffic. Pathfinder, a Santa Monica, California-based smart-highway project in ’which a-14-mile stretch of the Santa Monica Freeway, making up what is called a "smart corridor," is being instrumented with buried loops in the pavement. Closed-circuit television cameras survey the flow of traffic; while communication linked to property equipped automobiles advise motorists of the least congested routes or detours. Not all traffic experts, however, look to smart-highway technology as the ultimate solution to traffic gridlock. Some say the high-tech approach is limited and can only offer temporary solutions to a serious problem. "Electronics on the highway, addresses just one aspects of the problem: how to regulate traffic more efficiently," explains Michael Renner, senior researcher at the world-watch Institute. "It does not deal with the central problem of too many cars for roads that cannot be built fast enough. It sends people the wrong message. They start thinking ’yes, there used to be a traffic congestion problem, but that’s been solved now because we have advanced high-tech system in place." Larson agrees and adds, "Smart highway is just one of the tools that we use to deal with our traffic problems. It is not the solution itself, just pan of package. There are different strategies." Other traffic problem-solving options being studied and experimented with include car-pooling, rapid mass-transit systems, staggered or flexible work hours and road pricing, a system whereby motorists pay a certain amount for the time they use a highway. It seems that we need a new, major thrust to deal with the traffic problems of the next 20 years. There has to be a big change and a long way to go. What is the appropriate title for the passage
In this section there are four passages followed by questions or unfinished statements, each with four suggested answers marked [A], [B], [C], and [D]. Choose the one that you think is the best answer. Mark your answers on your ANSWER SHEET.TEXT A One of the questions that is coming into focus as we face growing scarcity of resources of many kinds in the world is how to divide limited resources among countries. In the international development community, the conventional wisdom has been that the 2 billion people living in poor countries could never expect to reach the standard of living that most of us in North America enjoy, simply because the world does not contain enough iron ore, protein, petroleum, and so on. At the same time, we in the United States have continued to pursue super affluence as though there were no limits on how much we could consume. We make up 6 percent of the world’s people; yet we consume one-third of the world’s resources. As long as the resources we consumed each year came primarily from within our own boundaries, this was largely an internal matter. But as our resources come more and more from the outside world, "outsiders" are going to have some stay over the rate at which and terms under which we consume. We will no longer be able to think in terms of "our" resources and "their" resources, but only of common resources. As Americans consuming such a disproportionate share of the world’s resources, we have to question whether or not we can continue our pursuit of super affluence in a world of scarcity. We are now reaching the point where we must carefully examine the presumed link between our level of well-being and the level of material goods consumed. If you have only one crust of bread, then an additional crust of bread doesn’t make that much different. In the eyes of most of the world today, Americans have their loaf of bread and are asking for still more. People elsewhere are beginning to ask why. This is the question we’re going to have to answer, whether we’re trying to persuade countries to step up their exports of oil to us or trying to convince them that we ought to be permitted to maintain our share of the world fish catch. The prospect of a scarcity of, and competition for, the world’s resources require that we reexamine the way in which we relate to the rest of the world. It means we find ways of cutting back on resource consumption that is dependent on the resources and cooperation of other countries. We cannot expect people in these countries to concern themselves with our worsening energy and food shortages unless we demonstrate some concern for the hunger, illiteracy and disease that are diminishing life for them. What is the conclusion of this passage
Decide which of the choices given below would best complete the passage if inserted in the corresponding blanks. Mark the best choice for each blank on your ANSWER SHEET. Many people invest in the stock market hoping to find the next Microsoft and Dell. However, I know (31) personal experience how difficult this really is. For more than a year, I was (32) hundreds and sometimes thousands of dollars a day in investing in the market. It seemed so easy, I dreamed of (33) my job at the end of the year, of buying a small apartment in Paris, of traveling around the world. But these dreams (34) to a sudden and dramatic end when a stock I (35) , Texas cellular pone wholesaler, fell by more than 75 per cent (36) a one year period. On the (37) day, it plunged by more than $15 a share. There was a rumor the company was (38) sales figures. That was when I learned how quickly Wall Street (39) companies that, in one way or another, misrepresent the (40) . In a (41) , I sold all my stocks in the company, (42) margin debt with’ cash advances from my (43) card. Because I owned so many shares, I (44) a small fortune, haft of it from money I borrowed from the brokerage company. One month, I am a (45) , the next, a loser. This one big loss was my first lesson in the market. My father was a stockbroker, as was my grandfather (46) him. (In fact, he founded one of Chicago’s earliest brokerage firms.) But like so many things in life, we don’t learn anything until we (47) it for ourselves. The only way to really understand the inner (48) of the stock market is to invest your own hard-earned money. When all your stocks are doing (49) and you feel like a winner, you learn very little. It’s when all are losing and everyone is questioning your stock picking (50) . that you find out if you have what it takes to invest in the market.
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