Home




GMAT 800 Reading Comprehension


When Al Gore's 'An Inconvenient Truth' earned awards and accolades and demonstrated Global Warming as a human-induced phenomenon, not many scientists looked beyond the research papers from 'US Global Change Research Program'. The 2006 documentary was a fodder to Global Warming alarmists, who forgot the fundamental fact that the average temperature has climbed by only 1.4 degrees Fahrenheit (0.8 Degree Celsius) since global temperatures began to be monitored systematically from 1880.

The research by Andrew Dessler and his team from Texas A&M University has confirmed the previous debated theory that Water Vapor is the most contributing greenhouse gas, doubling the climate warming caused by the increased levels of CO2 in the atmosphere. Atmospheric Infrared Sounder (AIRS) on NASA’s Aqua satellite became the first device to measure water vapor at all altitudes within the troposphere. Using AIRS, the scientists measured the humidity along the lowest 10 miles of the atmosphere. The level of humidity along with observation about carbon dioxide and other greenhouse gases allowed researchers to grasp the interplay of the three major contributors of Global Warming. More than the increase in temperature, the compounding nature of Water Vapor is what worrying scientists around the world. Increase in water vapor leads to a warmer temperature that results in more water vapor emitted into the air.

...


             Natural selection, the central doctrine of
             Darwinism, has been explained as the "survival of the
             fittest." On this process has depended the progress
             observable throughout organic nature to which the term
(5)         evolution is applied; although there has been from time
             to time degradation, this has had relation only to
             particular forms, organic life as a whole evidencing
             progress towards perfection. When man appeared as the
             culmination of evolution under terrestrial conditions,
(10)       natural selection would seem almost to have finished its
             work, which was taken up, however, by man himself, who
     ...


GMAT 800 Reading Comprehension QuestionConventional wisdom holds that financial markets are informationally efficient—that stocks are always priced and traded at the intrinsic value of their underlying assets. Thus, investors cannot expect to achieve returns consistently in excess of average returns, given information that is publicly available at the time, without taking on large economic risks akin to gambling risks. In other words, one can only obtain higher returns by purchasing riskier investments, and not through expert timing or speculative stock selection. There are three major interpretations of this efficient market hypothesis: Weak Efficient Market Hypothesis (EMH), which holds that current prices for assets, such as stocks, bonds, and property, reflect all past prices, Semi-strong EMH, which argues that prices change instantly to reflect all new public information (such as news of a take-over or a change in fiscal policy), and Strong EMH, which claims that prices adjust perpetually to reflect hidden, insider information not yet made public.

Weak EMH holds that technical analysis, the analysis of past stock performance, will not consistently produce excess returns because future price movements are only determined by...

Get F1GMAT's Newsletters (Best in the Industry)
Included in the Newsletter:

  • Ranking Analysis
  • Post-MBA Salary Trends
  • Post-MBA Job Function & Industry Analysis
  • Post-MBA City Review
  • MBA Application Essay Tips
  • School Specific Essay Tips
  • GMAT Preparation Tips
  • MBA Admission Interview Tips
  • School Specific Interview Tips
  • Funding Guidance and
  • Special Consultation Service (only for Subscribers)

Subscribe to F1GMAT's Newsletter