ASVAB Paragraph Comprehension Practice Test 654543

Questions 5

Study Guide

Paragraph 1
Six years ago, lawyer-banker-scholar Charles Morris wrote a prophetic book - 'Two-Trillion-Dollar Meltdown: Easy Money, High-Rollers and the Great Credit Crunch' - that foresaw the 2008 Great Recession before it clobbered America and the world. Now Morris has reversed course and sees good times ahead. His forthcoming book, 'Comeback,' predicts that surging U.S. energy independence will bring a buoyant rise in American manufacturing and jobs.
Paragraph 2
The Republican Party, also commonly called the GOP (for "Grand Old Party"), is one of the two major contemporary political parties in the United States, the other being the Democratic Party. Founded by anti-slavery activists in 1854, it dominated politics nationally for most of the period from 1860 to 1932. There have been 18 Republican presidents, the first being Abraham Lincoln, serving from 1861 to 1865, and the most recent being Donald Trump who began serving in 2017.
Paragraph 3
A utility cooperative is a type of cooperative that is tasked with the delivery of a public utility such as electricity, water or telecommunications to its members. Profits are either reinvested for infrastructure or distributed to members in the form of "patronage" or "capital credits", which are essentially dividends paid on a member's investment into the cooperative. Each customer is a member and owner of the business with an equal say as every other member of the cooperative, unlike investor-owned utilities where the amount of say is governed by the number of shares held.
Paragraph 4
On this date in 1776, rebellious colonials launched the first modern democracy, an experiment in government controlled by the people themselves. America succeeded so well that virtually the entire world later adopted democracy with its guarantee of personal rights.
Paragraph 5
"In the land of the blind, the one-eyed man is king." - Desiderius Erasmus