영어 모의고사 (자동 편성)

Many households save far less for retirement than conventional financial advice would recommend, not necessarily because they ①lacks the resources to do so, but because a combination of procrastination, present bias, and the discomfort of forgoing current consumption repeatedly delays the decision to begin saving. Recognizing this gap between intention and action, some economists have proposed a savings program in which employees commit today to ②allocating a portion of their future salary increases toward retirement savings, rather than being asked to reduce their current take-home pay immediately. Because the sacrifice applies only to income not yet received, the commitment ③feels far less painful than an equivalent reduction in present earnings would, making employees considerably more willing to enroll. Once enrolled, the contribution rate automatically rises with each subsequent raise, ④gradually increasing savings without requiring any further deliberate action from participants. Field trials of such programs have reported substantial increases in average savings rates over several years, alongside participant satisfaction that ⑤remains notably high.

Imagine two travelers ①preparing for the same trip: one refuses to fly after watching news coverage of a recent plane crash, while the other books a flight without hesitation. Statistically, air travel remains far safer than ②driving the same distance by car, yet vivid, emotionally charged images tend to dominate human judgment more powerfully than dry statistics ever could. This tendency, in which people ③estimate how likely an event is based on how easily examples come to mind rather than on actual data, quietly shapes countless everyday decisions. News broadcasts that repeatedly feature rare disasters can leave viewers ④convinced that such events are common, even though official records clearly show the opposite. Advertisers and politicians alike exploit this pattern, knowing that a single striking anecdote often ⑤persuade audiences more effectively than pages of careful statistics ever manage to.

Policymakers seeking to improve public welfare without restricting individual freedom have increasingly embraced an approach ①known as nudging, which alters the environment in which choices are made rather than mandating particular outcomes. A nudge preserves every option that ②was previously available; it simply arranges those options so that the choice deemed most beneficial becomes easier or more visible than the alternatives. Placing fruit at eye level in a school cafeteria while keeping dessert accessible but less prominent, for instance, ③do not forbid any student from choosing dessert, yet it measurably shifts consumption patterns toward healthier food. Advocates argue that such interventions ④respect autonomy precisely because no option is removed and no penalty is imposed for choosing differently. Critics, however, contend that even subtle architectural choices exploit predictable cognitive shortcuts, ⑤raising questions about whether influencing behavior through psychological means is meaningfully different from more coercive forms of persuasion.

For much of its history, economic theory treated emotion as a distortion ①to be eliminated from otherwise rational calculation, an obstacle standing between decision-makers and their true self-interest. More recent research, however, suggests that emotion ②function not merely as noise but as an integral component of sound judgment, one that supplies information conventional reasoning alone cannot readily access. Individuals who, due to specific neurological conditions, lose the capacity to experience emotion while retaining otherwise normal cognitive abilities frequently ③struggle to make even simple decisions, spending excessive time weighing options that most people resolve almost instantly through a felt sense of what seems right. This observation suggests that emotional responses often ④function as rapid heuristics, allowing individuals to bypass exhaustive deliberation by relying on accumulated affective associations built from past experience. Financial regulators have begun incorporating this understanding into policy design, recognizing that decisions made under conditions of acute emotional arousal often ⑤depart substantially from the measured judgment that individuals would exhibit under calmer circumstances.

Behavioral economists have long observed that people tend to feel the pain of losing something more ①intensely than the pleasure of gaining an equivalent amount, a tendency known as loss aversion. Consider an investor who refuses to sell a declining stock, clinging to the hope that its price will eventually ②recover, even when all available evidence indicates that selling and reinvesting elsewhere would be more rational. Such behavior, though it appears ③rational from a purely economic standpoint, becomes understandable once we recognize that the investor is trying to avoid the sharp discomfort associated with realizing a loss. Similarly, consumers often demand a much ④higher price to give up an item they already own than they would be willing to pay to acquire the same item in the first place. As a result, loss aversion frequently pushes individuals toward decisions that ⑤minimize potential regret over losses rather than toward outcomes that maximize their overall welfare.

Two patients diagnosed with the same disease and prescribed the same medication can respond in strikingly different ways, one recovering quickly while the other experiences little benefit or even harmful side effects. Precision medicine starts from the observation that this variation often traces back to differences buried in each patient's genome, differences that determine how efficiently a body absorbs, breaks down, or responds to a given drug. _______________. This approach has proven especially valuable in cancer treatment, where tumors from two patients with the same diagnosis may carry entirely different genetic mutations that respond to entirely different drugs. Widespread adoption still faces real obstacles, since genetic sequencing remains expensive in many regions and few doctors have been trained to interpret the flood of genetic data such tests now produce.

When workers receive a five percent raise in a year when prices have climbed five percent as well, their real purchasing power has not changed at all, yet many still report _______________. This tendency to judge economic well-being by nominal figures printed on a paycheck, rather than by what that money can actually purchase, is known among economists as money illusion. Employers exploit this pattern by favoring modest nominal raises over deeper structural adjustments, since a visible increase on a payslip satisfies employees more effectively than an explanation about inflation could.

Conventional economic wisdom holds that more options are always preferable to fewer. Empirical research on consumer behavior, however, complicates this assumption considerably. When shoppers are presented with an extensive array of choices, they frequently experience heightened anxiety about making the wrong selection and, paradoxically, become less likely to make any purchase or decision at all. Businesses that recognize this dynamic have begun deliberately curating smaller, carefully selected assortments, betting that ___________ can sometimes generate more sales and greater customer satisfaction than abundance.

Few of these later buyers, however, possess any independent basis for judging whether the asset's price still bears any relation to its underlying value. A speculative bubble typically begins with a genuine, defensible reason for optimism, such as a promising new technology or an unusually favorable economic environment. ( ① ) Early investors who recognize this genuine opportunity purchase the asset and, as expected, often see its price rise accordingly. ( ② ) As word of these early gains spreads, a second wave of investors enters the market, drawn less by independent analysis than by the simple observation that the price has already climbed. ( ③ ) They are, in effect, purchasing confidence rather than value, trusting that the crowd's continued enthusiasm will sustain or further elevate the price. ( ④ ) This reliance on collective momentum rather than fundamental analysis is precisely what transforms a reasonable initial rally into an unsustainable bubble. ( ⑤ ) When the momentum eventually falters, as it inevitably must, the absence of any solid fundamental foundation leaves the price with nothing to support it.

Whether this asymmetry of influence should be celebrated as protective or condemned as paternalistic remains a genuinely open question. Consider a nudge designed to help elderly patients adhere to complex medication schedules by defaulting them into automatic pharmacy refills and reminder calls. ( ① ) Advocates point out that many elderly patients struggle to manage complicated schedules independently, and that a well-designed default can meaningfully improve health outcomes without removing any patient's ability to opt out. ( ② ) Skeptics respond that elderly patients may be less likely than younger populations to notice that a default has been set on their behalf, let alone to exercise the option of opting out even when they might prefer to. ( ③ ) Both sides agree that the intervention influences behavior more powerfully among vulnerable patients than it would among a more attentive population. ( ④ ) What they dispute is not the existence of this heightened influence but its proper ethical interpretation. ( ⑤ ) Ultimately, resolving this disagreement requires weighing the genuine health benefits of the program against the diminished practical capacity of some patients to resist it.