This one was tough for me to find an explanation I felt really comfortable with, so don't be hard on yourself for your initial interpretation.
My first thought was along your first question, how many is "several?" The answer for the LSAT is more than one. So that by itself is not able to ensure that there are more than just the two explanations discussed in the passage. However, if you go back to lines 59-61 and read very carefully, they don't just say theories that depend on extraterrestrial intervention and theories that don't. They say theories that depend on extraterrestrial intervention, and theories like the first, "which account for the phenomenon solely by means of the thermodynamic state of the outer core..."
This means that there must be more than one theory in the latter category that account for for the phenomenon of polarity reversal. Why? Because one theory
accounts for such a phenomenon. Two or more theories
account for such a phenomenon. The plurality of the language is what allows one to infer that there are other theories out there that seek to explain the phenomenon.
taaron Wrote:2) How can I avoid mistakes like this in the future?
This is not something you'll face frequently on the LSAT. It's much more important to know the meaning of terms that imply "some" and terms that imply "most."
Such as these: