#10 - Global Reference, Must Be True, Author's Perspective

[Administrator]

Complete Question Explanation

The correct answer choice is (D).

Answer choice (A):

Answer choice (B):

Answer choice (C):

Answer choice (D): This is the correct answer choice.

Answer choice (E):

This explanation is still in progress. Please post any questions below!

[mkarimi73]

Could I have an explanation as to why (B) and (C) can be safely removed from contention? Is it because these answer choices have a somewhat negative tone to them, and Passage A probably wouldn't agree with them? In addition, it seems that Passage A would disagree with (B), since the author states that "Markets are highly efficient...the market as a whole learns...what informed informed people know." That doesn't sound too random to me. In regards to (C), Passage A does not speak to this phenomenon while Passage B seems to imply it. It also has a negative tone as well.

[Rachael Wilkenfeld]

Excellent mkarimi73.

For answer choice (B), the author of Passage A would disagree strongly with that statement. The author of Passage A thinks that the movement in markets is meaningful, and certainly not random. For answer choice (C), the author of Passage A would say that information becomes public as the markets change, so there's no long-term manipulation of the markets. We can knock both of those answer choices out as inconsistent with Passage A.