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Old June 26th, 2016, 10:41 AM
Default RC For TOEFL

Hello sir is there any one can provide me detail for Reading Comprehension is for TOEFL? TOFEL question paper is having questions on Reading Comprehension?
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Old June 26th, 2016, 12:01 PM
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Default Re: RC For TOEFL

Yes Reading Comprehension is available for TOFEL. TOEFL entrance exam has a section in English subject is Reading Comprehension. Some questions are based on Reading Comprehension in TOEFL.

This section is designed to measure the ability to read and understand short passages similar in topic and style to those found in North American universities and colleges. Examinees read a variety of short passages on academic subjects.

Each passage is followed by a number of questions about the material.

Here is one RC for TOEFL:

Most economists in the United states seem captivated by spell of the free market. Consequently, nothing seems good ornormal that does not accord with the requirements of the free market. A price that is determined by the seller or for that matter, established by anyone other than the aggregate of consumers seems pernicious, Accordingly, it requires a major act of will to think of price – fixing (the determination of prices by the seller) as both “normal” and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that requires, Modern industrial planning requires and rewards great size. Hence a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-markets economic theories. But each large firms will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers. Each large firm will thus avoid significant price cutting, because price cutting would be prejudicial to the common interest in a stable demand for products. Most economists do not see price-fixing when it occurs because they expect it to be brought about by a number of explicit agreements among large firms; it is not. More over those economists who argue that allowing the free market to operate without interference is the most efficient method of establishing prices have not considered the economies of non socialist countries other than the United States. These economies employ intentional price-fixing usually in an overt fashion. Formal price fixing by cartel and informal price fixing by agreements covering the members of an industry are common place. Were there something peculiarly efficient about the free market and inefficient about price fixing, the countries that have avoided the first and used the second would have suffered drastically in their economic development. There is no indication that they have. Socialist industry also works within a frame work of controlled prices. In early 1970’s, the soviet union began to give firms and industries some of the flexibility in adjusting prices that a more informal evolution has accorded the capitalist system. Economists in the United States have hailed the change as a return to the free market.But Soviet firms are no more subject to prices established by free market over which they exercise little influenced than are capitalist firms.

Question 1

The primary purpose of the passage is to

refute the theory that the free market plays a useful role in the development of industrialized societies.
suggest methods by which economist and members of the government of the United States can recognize and combat price-fixing by large firms.
explain the various ways in which industrialized societies can fix in order to stabilized the free market
argue that price-fixing, in one form or another, is an inevitable part of and benefit to the economy of any industrialized society.
Analysis of free markets in different economies
Correct Answer : E

Question 2

The passage provides information that would answer which of the following questions about price-fixing?
I.What are some of the ways in which prices can be fixed?
II.For what products is price-fixing likely to be more profitable than the operation of the free market?
III.Is price-fixing more common in socialist industrialized societies or in nonsocialist industrialized societies?

I only
III only
I and II only
II and III only
I, II and III
Correct Answer : A

Question 3

The author’s attitude toward “Most economists in the United States” can best be described as

spiteful and envious
scornful and denunciatory
critical and condescending
ambivalent but deferential
uncertain but interested
Correct Answer : C

Question 4

It can be inferred from the author’s argument that a price fixed by the seller “seems pernicious” because

people do not have confidence in large firms
people do not expect the government to regulate prices
most economists believe that consumers as a group should determine prices.
most economists associate fixed prices with communist and socialist economies.
Most economists believe that no one group should determine prices.
Correct Answer : C

Question 5

The suggestion in the passage that price-fixing in industrialized societies is normal arises from the author’s statement that price-fixing is

a profitable result of economic development
an inevitable result of the industrial system
the result of a number of carefully organized decisions.
a phenomenon common to industrialized and to industrialized societies.
a phenomenon best achieved cooperatively by government and industry.
Correct Answer : B

Question 6

According to the author, priced-fixing in nonsocialist countries is often.

accidental but productive
illegal but useful
legal and innovative
traditional and rigid
intentional and widespread.
Correct Answer : E

Question 7

According to the author, what is the result of the Soviet Union’s change in economic policy in the 1970’s?

Soviet firms show greater profit
Soviet firms have less control over the free market
Soviet firms are able to abject to technological advances.
Soviet firms have some authority to fix prices.
Soviet firms are more responsive to the free market.
Correct Answer : D
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