The “Present Your Perspective on an Issue” section of the test assesses your ability to think critically
about a topic of general interest and to clearly express your thoughts about it in writing. Each topic,
presented in quotation marks, makes a claim about an issue that test takers can discuss from various
perspectives and apply to many different situations or conditions. Your task is to present a compelling
case for your own position on the issue. The best approach to this task is read the topic carefully.
Being a man should not seriously damage your health, conclude White and Banks
(2004) in their chapter in a men’s health text. The maxim is used at the beginning of
this text to remind the practice nurse of the fact that being a man in some instances
can and does seriously damage their health. Men are much less likely to visit their
general practice than women. Those men who are aged under 45 years visit their
general practice only half as often as women; it is only when they become older that
the gap narrows signifi cantly....
Moreover, poor women who have access to financial
services have proven themselves to be highly
creditworthy. Anecdotal evidence indicates that women
repay their loans more consistently than do men.
Necessity has made women careful strategists who
plan for the future, shrewd risk-takers with an eye for
economic opportunities and hard workers who put their
families’ welfare first. Investing in the earning power of
women pays big dividends for families, for society and
for microfinance institutions, enabling them to serve
more and more clients.
Americans have always loved risk-takers, the man or woman
with ambition and vision who goes for broke. “Boldness of
enterprise is the foremost cause of its rapid progress, its strength
and its greatness,” Tocqueville wrote as he surveyed the nation’s
business landscape well over a century ago. Although American
business and financial life reminded this French observer of “a
vast lottery,” he marveled at the extent to which Americans “encourage
and do honor to boldness in commercial speculations.”...
• Investors are risk-averse individuals who maximize the expected utility of their wealth • Investors are price takers and they have homogeneous expectations about asset returns that have a joint normal distribution (thus market portfolio is efficient) • There exists a risk-free asset such that investors may borrow or lend unlimited amount at a risk-free rate. • The quantities of assets are fixed. Also all assets are marketable and perfectly divisible. • Asset markets are frictionless. Information is costless and simultaneously available to all investors.