Find all School-related info fast with the new School-Specific MBA Forum

It is currently 23 Jul 2014, 12:43

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Woodrow Wilson was referring to the liberal idea of the

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Director
Director
avatar
Joined: 29 Oct 2004
Posts: 865
Followers: 2

Kudos [?]: 30 [0], given: 0

GMAT Tests User
Woodrow Wilson was referring to the liberal idea of the [#permalink] New post 27 Dec 2004, 06:24
Woodrow Wilson was referring to the liberal
idea of the economic market when he said that
the free enterprise system is the most efficient
economic system. Maximum freedom means
(5) maximum productiveness; our "openness" is to
be the measure of our stability. Fascination with
this ideal has made Americans defy the "Old
World" categories of settled possessiveness versus
unsettling deprivation, the cupidity of retention
(10) versus the cupidity of seizure, a "status quo"
defended or attacked. The United States, it was
believed, had no status quo ante. Our only "sta-
tion" was the turning of a stationary wheel, spin-
ning faster and faster. We did not base our
(15) system on property but opportunity---which
meant we based it not on stability but on mobil-
ity. The more things changed, that is, the more
rapidly the wheel turned, the steadier we would
be. The conventional picture of class politics is
(20) composed of the Haves, who want a stability to
keep what they have, and the Have-Nots, who
want a touch of instability and change in which
to scramble for the things they have not. But
Americans imagined a condition in which spec-
(25) ulators, self-makers, runners are always using the
new opportunities given by our land. These eco-
nomic leaders (front-runners) would thus he
mainly agents of change. The nonstarters were
considered the ones who wanted stability, a
(30) strong referee to give them some position in the
race, a regulative hand to calm manic specula-
tion; an authority that can call things to a halt,
begin things again from compensatorily stag-
gered "starting lines."
(35) "Reform" in America has been sterile because
it can imagine no change except through the
extension of this metaphor of a race, wider inclu-
sion of competitors, "a piece of the action," as it
were, for the disenfranchised. There is no
(40) attempt to call off the race. Since our only sta-
bility is change, America seems not to honor the
quiet work that achieves social interdependence
and stability. There is, in our legends, no hero-
ism of the office clerk, no stable industrial work
(45) force of the people who actually make the system
work. There is no pride in being an employee
(Wilson asked for a return to the time when
everyone was an employer). There has been no
boasting about our social workers---they are
(50) merely signs of the system's failure, of opportu-
nity denied or not taken, of things to be elimi-
nated. We have no pride in our growing
interdependence, in the fact that our system can
serve others, that we are able to help those in
(55) need; empty boasts from the past make us
ashamed of our present achievements, make us
try to forget or deny them, move away from
them. There is no honor but in the Wonderland
race we must all run, all trying to win, none
(60) winning in the end (for there is no end).

7. It can be inferred from the passage that Woodrow
Wilson's ideas about the economic market
(A) encouraged those who "make the system work"
(lines 45-46)
(B) perpetuated traditional legends about America
(C) revealed the prejudices of a man born wealthy
(D) foreshadowed the stock market crash of 1929
(E) began a tradition of presidential proclamations on
economics

8. The passage contains information that would answer
which of the following questions?
I.What techniques have industrialists used to
manipulate a free market?
II.In what ways are " New World" and " Old World"
economic policies similar?
II. Has economic policy in the United States tended
to reward independent action?
(A) I only
(B) II only
(C) III only
(D) I and II only
(E) II and III only

9. Which of the following best expresses the author's
main point?
(A) Americans' pride in their jobs continues to give
them stamina today.
(B) The absence of a status quo ante has
undermined United States economic structure.
(C) The free enterprise system has been only a
useless concept in the United States
(D) The myth of the American free enterprise system
is seriously flawed.
(E) Fascination with the ideal of "openness" has
made Americans a progressive people.


Please answer questions above with your explaination. Thanks.
Manager
Manager
avatar
Joined: 24 Oct 2004
Posts: 96
Followers: 1

Kudos [?]: 0 [0], given: 0

 [#permalink] New post 27 Dec 2004, 07:41
7. E

A & B are out. Opposite to what is discussed in the topic.
C & D are out - out of scope.
Manager
Manager
avatar
Joined: 24 Oct 2004
Posts: 96
Followers: 1

Kudos [?]: 0 [0], given: 0

 [#permalink] New post 27 Dec 2004, 07:44
8. C

III only.

I and II are either out of scope or not discussed at all.
Manager
Manager
avatar
Joined: 24 Oct 2004
Posts: 96
Followers: 1

Kudos [?]: 0 [0], given: 0

 [#permalink] New post 27 Dec 2004, 07:47
9. E.

A & B => contrary to what is discussed.
C & D => same as aabove.
I pick E.
Director
Director
avatar
Joined: 29 Oct 2004
Posts: 865
Followers: 2

Kudos [?]: 30 [0], given: 0

GMAT Tests User
 [#permalink] New post 27 Dec 2004, 13:29
You got 1/3 right. Can you explain 8?
  [#permalink] 27 Dec 2004, 13:29
    Similar topics Author Replies Last post
Similar
Topics:
Woodrow Wilson was referring to the liberal idea of the aaron22197 3 04 Jul 2008, 05:26
Woodrow Wilson was referring to the liberal idea of the apurva1985 1 25 Jun 2008, 17:57
Woodrow Wilson was referring to the liberal idea of the amansingla4 0 27 May 2006, 02:51
Woodrow Wilson was referring to the liberal idea of the rahulraao 3 03 Oct 2005, 16:21
Woodrow Wilson was referring to the liberal idea of the Vithal 7 01 Apr 2005, 19:52
Display posts from previous: Sort by

Woodrow Wilson was referring to the liberal idea of the

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.