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# The media claim that the economy is entering a phase of

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The media claim that the economy is entering a phase of [#permalink]

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16 Jul 2006, 20:16
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The media claim that the economy is entering a phase of growth and prosperity. They point to lower unemployment rates and increased productivity. Their analysis is false, though. The number of people filing for bankruptcy has increased every month for the last six months and bankruptcy lawyers report that they are busier than they have been in years.

Which of the following is an assumption on which the argument depends?

A. Unemployment rates are not useful indicators of growth and prosperity.

B. Economic growth cannot be measured in terms of productivity.

C. Legislation has not been recently passed to make legal bankruptcy easier to obtain.

D. There has not been an increase in the number of bankruptcy lawyers.

E. The media often misrepresent the current state of economic affairs.

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26 May 2008, 18:11
iamba wrote:
The media claim that the economy is entering a phase of growth and prosperity. They point to lower unemployment rates and increased productivity. This analysis is false, though. The number of people filing for bankruptcy has increased every month for the last six months, and bankruptcy lawyers report that they are busier than they have been in years.

Which of the following is an assumption on which the argument depends?
A) Unemployment rates are not useful indicators of growth and prosperity. - As per passage this is not an assumption rather a conclusion.
B) Economic growth cannot be measured in terms of productivity. - Again a conclusion based on the evidence cited in the passage
C) Legislation has not been recently passed to make legal bankruptcy easier to obtain. - Prior to 6 months the same laws existed, during those time we dont know whether bankruptcy lawyers were busy or not. Cant really take this as an assumption.
D) There has not been an increase in the number of bankruptcy lawyers. Yes, if more people are filing for bankruptcy and the number of bankruptcy lawyers remain constant then each lawyer will be busier than usual.
F) The media often misrepresent the current state of economic affairs. - Doesnt really say anything

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19 Jul 2008, 09:44
The OA is C. I don't really agree with it. I think it's a stretch to bring in something about legislation. I believe C may be true, but it's not a critical assumption of the passage IMO. I chose A on the MGMAT CAT where I found this question.
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Re: State of economy - MGMAT [#permalink]

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20 May 2009, 23:10
Agree C,

If this assumption is negated.. the argument falls apart..
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Re: State of economy - MGMAT [#permalink]

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21 May 2009, 07:14
Good expl there Minheequang......

I was thinking on the wrong lines here.......I guessed my answer as D (the weaken State.) I thought that since the bankruptcy cases have gone up, it is assumed that the number of lawyers havent gone up since they are busier.

Could you please the reasoning for C in detail? Would appreciate it.

thx
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Re: State of economy - MGMAT [#permalink]

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21 May 2009, 07:38
gmatprep09 wrote:
Good expl there Minheequang......

I was thinking on the wrong lines here.......I guessed my answer as D (the weaken State.) I thought that since the bankruptcy cases have gone up, it is assumed that the number of lawyers havent gone up since they are busier.

Could you please the reasoning for C in detail? Would appreciate it.

thx

I don't know where to begin with your reasoning, so I will go on my own way, lets see:

D) There has not been an increase in the number of bankruptcy lawyers --> not increase means remain or decrease

for exp: before: 10 lawyers handle 10 cases, after: 7 lawyers handle 10 cases --> busier because of fewer lawyers although the number of cases hasn't increased --> weakens the argument that the increase of bankruptcy cases accounts for the busier activity of lawyers by demonstrating an alternate cause
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14 Apr 2010, 07:33
IMO E.

I think this question is asking assumption not weaking the argument.
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The media claim that the economy is entering a phase of [#permalink]

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14 Aug 2011, 11:59
The media claim that the economy is entering a phase of growth and prosperity. They point to lower unemployment rates and increased productivity. This analysis is false, though. The number of people filing for bankruptcy has increased every month for the last six months, and bankruptcy lawyers report that they are busier than they have been in years.

Which of the following is an assumption on which the argument depends?
A. Unemployment rates are not useful indicators of growth and prosperity.
B. Economic growth cannot be measured in terms of productivity.
C. Legislation has not been recently passed to make legal bankruptcy easier to obtain.
D. There has not been an increase in the number of bankruptcy lawyers.
E. The media often misrepresent the current state of economic affairs.
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Re: GMAT CAT CR ASSUMPTION [#permalink]

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14 Aug 2011, 16:35
OptimusPrimea1 wrote:
The media claim that the economy is entering a phase of growth and prosperity. They point to lower unemployment rates and increased productivity. This analysis is false, though. The number of people filing for bankruptcy has increased every month for the last six months, and bankruptcy lawyers report that they are busier than they have been in years.

Which of the following is an assumption on which the argument depends?
A. Unemployment rates are not useful indicators of growth and prosperity.
B. Economic growth cannot be measured in terms of productivity.
C. Legislation has not been recently passed to make legal bankruptcy easier to obtain.
D. There has not been an increase in the number of bankruptcy lawyers.
E. The media often misrepresent the current state of economic affairs.

answer choice C is best option. - if we apply assumption negation test then choice C will fail. if a legislation were passed such that legal bankruptcy is now easier to obtain, then authors argument (conclusion) will not hold true. It will mean that the increase in number of recent bankrupts is not consistent with standard of past. Means if this standard of bankruptcy existed in past then in past too more people could have been legally bankrupt. Thus argument will become challenged. so argument assumes that no change in standard of getting legal bankruptcy has been made in recent times.
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Re: GMAT CAT CR ASSUMPTION [#permalink]

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14 Aug 2011, 19:16
C for me.

Media : lower unemployment rates and increased productivity => growth and prosperity.
Counter evidence: Bankruptcy rise.

C supports the counter evidence by indicating there is no alternate cause for bankruptcy to rise.

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Re: GMAT CAT CR ASSUMPTION [#permalink]

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15 Aug 2011, 08:50
why not A or B? if i use negation technique, i notice that the conclusion falls apart...
can someone explain in a different way?

Thanks,
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Re: The media claim that the economy is entering a phase of [#permalink]

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29 Jan 2012, 06:26
I used the negation technique
"Legislation has been recently passed to make legal bankruptcy easier to obtain." - This weakens the the argument saying the reason for increased filing of bankruptcy was because of the new legislation.

The answer choice tries to prove that Bankruptcy is not easier to file as there has been no legislation that has been passed.
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Re: The media claim that the economy is entering a phase of [#permalink]

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31 Jan 2012, 09:02
The answer is C.Let us assume that the ligislation for filling bankruptcy has been made easy.If this is the case then it is implied that the people at a certain prosperity level ( sorry for the language cant put it better ) previously who were not able to file for bankruptcy are now able to file the same although there is no change in their incomes. Hence the argument falls apart.
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The media claim that the economy is entering a phase of [#permalink]

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24 Jul 2012, 21:41
The media claim that the economy is entering a phase of growth and
prosperity. They point to lower unemployment rates and increased
productivity. This analysis is false, though. The number of people filing for
bankruptcy has increased every month for the last six months, and
bankruptcy lawyers report that they are busier than they have been in years.
Which of the following is an assumption on which the argument depends?

A) Unemployment rates are not useful indicators of growth and prosperity.

B) Economic growth cannot be measured in terms of productivity.

C) Legislation has not been recently passed to make legal bankruptcy easier to obtain.

D) There has not been an increase in the number of bankruptcy lawyers.

E) The media often misrepresent the current state of economic affairs.
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Re: CR - Assumption - False Analysis [#permalink]

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25 Jul 2012, 21:35
vikky267 wrote:
The media claim that the economy is entering a phase of growth and
prosperity. They point to lower unemployment rates and increased
productivity. This analysis is false, though. The number of people filing for
bankruptcy has increased every month for the last six months, and
bankruptcy lawyers report that they are busier than they have been in years.
Which of the following is an assumption on which the argument depends?

A) Unemployment rates are not useful indicators of growth and prosperity.

B) Economic growth cannot be measured in terms of productivity.

C) Legislation has not been recently passed to make legal bankruptcy easier to obtain.

D) There has not been an increase in the number of bankruptcy lawyers.

E) The media often misrepresent the current state of economic affairs.

This is a easy one.
More number of people filing for bankruptcy can be becasue Legislation might have passed a bill to make legal bankruptcy easier to obtain.
C wins.

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Re: The media claim that the economy is entering a phase of [#permalink]

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10 Dec 2012, 04:56
The media claim that the economy is entering a phase of growth and prosperity. They point to lower unemployment rates and increased productivity. Their analysis is false, though. The number of people filing for bankruptcy has increased every month for the last six months and bankruptcy lawyers report that they are busier than they have been in years.

Which of the following is an assumption on which the argument depends?

A. Unemployment rates are not useful indicators of growth and prosperity.

B. Economic growth cannot be measured in terms of productivity.

C. Legislation has not been recently passed to make legal bankruptcy easier to obtain.

D. There has not been an increase in the number of bankruptcy lawyers.

E. The media often misrepresent the current state of economic affairs.

I Would go for :E)
Premise :1)
Unemployment rate(decrease) + productivity (increase) ---- > media claim (economy growing)
Conclusion :
Media analysis (false)
Premise:2)
Reason for the false media analysis ---- > bankruptcy (increase) + lawyer (busy)

Ans E)
Assumption
Media misrepresent the current state of economic affairs by not considering bankruptcy as one of those economic indicator
Hence, Media analysis (false)

Any comment pls...
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Re: The media claim that the economy is entering a phase of [#permalink]

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15 Dec 2012, 15:30
Conclusion of author : Economy is in a bad condition because too bankruptcy lawyers getting work.

Negate C: A legislation is passed to make legal bankruptcy easier.. It weakens the conclusion.
Option is E is a contender but is weak compared to C
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Re: The media claim that the economy is entering a phase of [#permalink]

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16 Jan 2013, 05:52
Conclusion:Bankruptcy filings are indicative of the economic health.
Premise: Increasing nos of bankruptcy filings + Bankruptcy lawyers getting busier.
Understanding: If we can identify alternative cause for bankruptcy filings other than bad economy then the conclusion is weakened.
Answer possibly: Will explictly state that an alternative cause is not a reason for increase in bankrptcy filings.

Which of the following is an assumption on which the argument depends?

A. Unemployment rates are not useful indicators of growth and prosperity. Incorrect. it doesnt affect the conclusion.

B. Economic growth cannot be measured in terms of productivity. Incorrect. It doesnt affect the conclusion

C. Legislation has not been recently passed to make legal bankruptcy easier to obtain. Correct. Alternative cause is not the reason for increase in filings.

D. There has not been an increase in the number of bankruptcy lawyers. Negate the assumption - So "There has been an increase in the number of bankruptcy laywers". Even though the number of lawyers increased they still got busier. So this in no way weakens the conclusion. Hence, Incorrect.

E. The media often misrepresent the current state of economic affairs. Incorrect. Doesnt affect the conclusion.
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Re: The media claim that the economy is entering a phase of [#permalink]

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26 Jan 2013, 05:45
Expert's post
Choice C is correct

A) Choice is only talking about unemployment rates

B) Choice is only talking about productivity

C) The conclusion depends on increase in number of cases recorded of bankrupcy. If that is not because any other cause then the conclusion will become valid. This choice eliminate the possiblility of that other cause. So Correct

D) There are two parts of premises which needs to be supported. 1st :- Number of people fi………every month 2nd :- bankruptsy laweryers report……in years. This choice only supports 2nd part Hence it is insufficient to assume.

E) This is rather a allegation than an assumption.
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The media claim that the economy is entering a phase of [#permalink]

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03 Mar 2013, 10:47
The media claim that the economy is entering a phase of growth and prosperity. They point to lower unemployment rates and increased productivity. This analysis is false, though. The number of people filing for bankruptcy has increased every month for the last six months, and bankruptcy lawyers report that they are busier than they have been in years.

Which of the following is an assumption on which the argument depends?
(A)Unemployment rates are not useful indicators of growth and prosperity.
(B)Economic growth cannot be measured in terms of productivity.
(C)Legislation has not been recently passed to make legal bankruptcy easier to obtain.
(D)There has not been an increase in the number of bankruptcy lawyers.
(E)The media often misrepresent the current state of economic affairs.

Need explanation.................. ..
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Re: The media claim that the economy is entering a phase of grow [#permalink]

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03 Mar 2013, 11:14
the argument is refuting the claim of media ,which in turn was claiming that the economy is entering a phase of growth and prosperity.
how does argument achieve this : by providing evidence that bankruptcy has increased and that more people are filling for bankruptcy .so for this argument to hold good we have to assume that bankruptcy has not been made easy to obtain .this is what C states
Re: The media claim that the economy is entering a phase of grow   [#permalink] 03 Mar 2013, 11:14

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