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Editorial in Krenlandian Newspaper: Krenland s steelmakers

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Editorial in Krenlandian Newspaper: Krenland s steelmakers [#permalink] New post 09 Jan 2008, 18:08
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Editorial in Krenlandian Newspaper:

Krenland’s steelmakers are losing domestic sales because of lower-priced imports, in many cases because foreign governments subsidize their steel industries in ways that are banned by international treaties. But whatever the cause, the cost is ultimately going to be jobs in Krenland’s steel industry. Therefore, it would protect not only steel companies but also industrial employment in Krenland if our government took measures to reduce cheap steel imports.

Which of the following, if true, most seriously weakens the editorial’s argument?

A. Because steel from Krenland is rarely competitive in international markets, only a very small portion of Krenlandian steelmakers’ revenue comes from exports.
B. The international treaties that some governments are violating by giving subsidies to steelmakers do not specify any penalties for such violations.
C. For many Krenlandian manufacturers who face severe international competition in both domestic and export markets, steel constitutes a significant part of their raw material costs.
D. Because of advances in order-taking, shipping, and inventory systems, the cost of shipping steel from foreign producers to Krenland has fallen considerably in recent years.
E. Wages paid to workers in the steel industry in Krenland differ significantly from wages paid to workers in many of the countries that export steel to Krenland.
[Reveal] Spoiler: OA

Last edited by Harley1980 on 01 Jul 2015, 13:57, edited 1 time in total.
OA added
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Re: Editorial in Krenlandian Newspaper: Krenland s steelmakers [#permalink] New post 09 Jan 2008, 18:50
C, because it indicates that any restriction on cheap steel is going to affect the rest of the country's industries.
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Re: Editorial in Krenlandian Newspaper: Krenland s steelmakers [#permalink] New post 09 Jan 2008, 20:15
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Re: Editorial in Krenlandian Newspaper: Krenland s steelmakers [#permalink] New post 09 Jan 2008, 20:33
ttram wrote:
Editorial in Krenlandian Newspaper:

Krenland’s steelmakers are losing domestic sales because of lower-priced imports, in many cases because foreign governments subsidize their steel industries in ways that are banned by international treaties. But whatever the cause, the cost is ultimately going to be jobs in Krenland’s steel industry. Therefore, it would protect not only steel companies but also industrial employment in Krenland if our government took measures to reduce cheap steel imports.

Which of the following, if true, most seriously weakens the editorial’s argument?

A. Because steel from Krenland is rarely competitive in international markets, only a very small portion of Krenlandian steelmakers’ revenue comes from exports.
B. The international treaties that some governments are violating by giving subsidies to steelmakers do not specify any penalties for such violations.
C. For many Krenlandian manufacturers who face severe international competition in both domestic and export markets, steel constitutes a significant part of their raw material costs.
D. Because of advances in order-taking, shipping, and inventory systems, the cost of shipping steel from foreign producers to Krenland has fallen considerably in recent years.
E. Wages paid to workers in the steel industry in Krenland differ significantly from wages paid to workers in many of the countries that export steel to Krenland.


C by POE.

A: what about domestic markets???
B:irrelevant
D: irrelevant
E: wages are irrelevant here.

C: at first I really didnt understand it, but only one left. I believe its because the steel is expensive so the plan is not going to go as the author intended.
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Re: Editorial in Krenlandian Newspaper: Krenland s steelmakers [#permalink] New post 09 Jan 2008, 20:38
GMATBLACKBELT wrote:
ttram wrote:
Editorial in Krenlandian Newspaper:

Krenland’s steelmakers are losing domestic sales because of lower-priced imports, in many cases because foreign governments subsidize their steel industries in ways that are banned by international treaties. But whatever the cause, the cost is ultimately going to be jobs in Krenland’s steel industry. Therefore, it would protect not only steel companies but also industrial employment in Krenland if our government took measures to reduce cheap steel imports.

Which of the following, if true, most seriously weakens the editorial’s argument?

A. Because steel from Krenland is rarely competitive in international markets, only a very small portion of Krenlandian steelmakers’ revenue comes from exports.
B. The international treaties that some governments are violating by giving subsidies to steelmakers do not specify any penalties for such violations.
C. For many Krenlandian manufacturers who face severe international competition in both domestic and export markets, steel constitutes a significant part of their raw material costs.
D. Because of advances in order-taking, shipping, and inventory systems, the cost of shipping steel from foreign producers to Krenland has fallen considerably in recent years.
E. Wages paid to workers in the steel industry in Krenland differ significantly from wages paid to workers in many of the countries that export steel to Krenland.


C by POE.

A: what about domestic markets???
B:irrelevant
D: irrelevant
E: wages are irrelevant here.

C: at first I really didnt understand it, but only one left. I believe its because the steel is expensive so the plan is not going to go as the author intended.


You guys are well done. C is the answer. It is said that manufacturers in Krenland needs steel as raw materials to produce their products. Thus, if the government reduce cheap steel import, the manufacturers will not have enough steel to produce => government should not do that => weaken the argument.
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Re: Editorial in Krenlandian Newspaper: Krenland s steelmakers [#permalink] New post 27 Aug 2014, 18:35
Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
Re: Editorial in Krenlandian Newspaper: Krenland s steelmakers   [#permalink] 27 Aug 2014, 18:35
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