UKCAT Verbal Reasoning Practice Test 4
There are three major approaches for analyzing oil prices. Each is limited in its capacity for future projections. The first model uses non-structural equation modeling. The world’s limited oil resources are the basis for these equations. The second, a supply-demand framework uses traditional economic principles to link the increasing demand for oil with its variable supply. The final approach for predicting future oil prices is the most informal technique; this involves an analysis of the main issues that have affected oil prices over the last decade. The primary concern here is whether these drivers are representative of underlying structural changes in the oil market worldwide. Given that each method provides some useful insights, the most evident question is to whether any should be used in isolation as a key determinant of policy.
37) Traditional economic principles are inappropriate for predicting oil prices.
a. True
b. False
c. Can’t tell
38) The supply-demand framework is one way of analyzing oil prices in the long-term.
a. True
b. False
c. Can’t tell
39) Exhaustible resources are driving oil prices up world wide.
a. True
b. False
c. Can’t tell
40) The passage suggests that future oil prices can be accurately predicted.
a. True
b. False
c. Can’t tell
41) Fluctuations in oil demand and supply can be used to try to predict oil prices over time.
a. True
b. False
c. Can’t tell
42) The use of recent trends affecting oil prices is the most accurate method for predicting oil prices.
a. True
b. False
c. Can’t tell
According to the most recent scientific research into climate change, the earth’s warming cannot be denied. It is also certain that the impact of human activities on global warming has been considerable. Even though our planet’s climate is an extremely complex geophysical system, climate scientists have understood for some time the basic relationship between what happens to the composition of the atmosphere as a result of human intervention.
There are many potential adverse effects of changing weather patterns, including extreme weather (e.g. floods) and humanitarian disasters (e.g. droughts). Extreme weather events increase the risk of such emergency situations occurring. At the same time there are severe economic costs associated with these extreme weather effects. Adverse effects are also being felt in agricultural and coastal areas; where biodiversity and ecosystems are being affected by global warming.
43) Humanitarian disasters are the most prevalent effect of global warming.
a.True
b.False
c.Can’t tell
44) Human activity may disrupt the earth’s climate systems.
a.True
b.False
c.Can’t tell
45) The effects of polluting the atmosphere have only recently become clear.
a.True
b.False
c.Can’t tell
46) The passage questions the scientific evidence supporting global warming.
a.True
b.False
c.Can’t tell
47) There is a higher economic risk associated with unusual weather conditions.
a.True
b.False
c.Can’t tell
48) One consequence of global warming is the positive effect on biodiversity.
a.True
b.False
c.Can’t tell
1