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24. The phrase "fast track" in line 12 means

    (A)    fast- life
    (B)    rapid growth
    (C)    political amendment
    (D)    conducive to rapidity of progress in trade
    (E)    sudden

25. The author says, "Latin America is notorious for its boom-and-bust cycles..." in lines 119-121 to mean that

    (A)    its economy rises and falls sharply.
    (B)    it records consistent trade deficits.
    (C)    trade is facing depression in the region.
    (D)    the profligacy of Latin America is outrageous.
    (E)    the economy of Latin America is not growing.

26. The word "coffers" in line 39 means

    (A)    economy
    (B)    trade
    (C)    treasury
    (D)    coffin
    (E)    society

27. Which of the following can be inferred from the passage ?

    (A)   It’s too late to reform Latin America.
    (B)   Latin America has made great progress, but it needs a new wave of reform.
    (C)   Latin America should stop free trade with America.
    (D)   The Latin American economy is going into a recession, so it needs immediate reform.
    (E)   Latin America is making rapid progress economically, therefore nothing needs done.

28. The word "behemoths" in line 98 means

    (A)    big companies
    (B)    computers
    (C)    large countries
    (D)    super powers
    (E)    leaders

29. The word "profligacy" in line 87 means

    (A)    frugality
    (B)    wild extravagancy
    (C)    economic stability
    (D)    merry- making
    (E)    sentimentality

30. According to the passage

    (A)    Chile has already joined NAFTA.
    (B)    The U.S.A promised Chile that it would be invited to join NAFTA.
    (C)    Chile waited for five years to join NAFTA, and now the wait is over.
    (D)    Chile is reluctant to join NAFTA.
    (E)    The U.S.A has disappointed Chile by not keeping its promise of inviting the region to join NAFTA.

31. The word "euphoria" in line 62 means

    (A)    happiness
    (B)    a feeling of well-being or elation
    (C)    an act of thanksgiving
    (D)    complacency
    (E)    a feeling of disgust

32. The title that would best summarize the content of the passage is

    (A)    Life on the Fast Track
    (B)    On the right track
    (C)    Profligacy
    (D)    Frugality
    (E)    Latin America and its Ethnic Problem

33. In the course of the passage, the author does all of the following except

    (A)    quote an authority
    (B)    give examples
    (C)    pose a question
    (D)    make comparisons
    (E)    dismiss a possibility

34. The passage answers which one of these questions?

    (A)    Why Chile has not been invited to join NAFTA.
    (B)    Why big multi - national companies are investing large sums of money in Argentina.
    (C)    What the U.S. average inflation rate would be this year.
    (D)    Which country is going to stop free trade with the U.S.A this year.
    (E)    What kind of trade policy Venezuela has adopted towards the U.S.A.

35. The writer uses the word "sizzling" in line 79 to imply

    (A)    thriving
    (B)    burning
    (C)    scorching
    (D)    deteriorating
    (E)    diminishing

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