Find all School-related info fast with the new School-Specific MBA Forum

It is currently 22 Sep 2014, 20:30

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

The problem that environmental economics aims to remedy is

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Director
Director
avatar
Joined: 29 Jul 2006
Posts: 877
Followers: 3

Kudos [?]: 14 [0], given: 0

GMAT Tests User
The problem that environmental economics aims to remedy is [#permalink] New post 18 Apr 2007, 00:02
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
The problem that environmental economics aims to remedy is the following: people making economic decisions cannot readily compare environmental factors, such as clean air and the survival of endangered species, with other costs and benefits. As environmental economists recognize, solving this problem requires assigning monetary values to environmental factors. But monetary values result from people comparing costs and benefits in order to arrive at economic decisions. Thus, environmental economics is stymied by what motivates it.

If the considerations advanced in its support are true, the passage’s conclusion is supported
(A) strongly, on the assumption that monetary values for environment factors cannot be assigned unless people make economic decisions about these factors
(B) strongly, unless economic decision-making has not yet had any effect on the things categorized as environmental factors
(C) at best weakly, because the passage fails to establish that economic decision-makers do not by and large take adequate account of environmental factors
(D) at best weakly, because the argument assumes that pollution and other effects on environmental factors rarely result from economic decision-making
(E) not at all, since the argument is circular, taking that conclusion as one of its premises

I am confused b/w B and E...any thoughts??
Manager
Manager
avatar
Joined: 23 Mar 2007
Posts: 177
Followers: 0

Kudos [?]: 1 [0], given: 0

GMAT Tests User
 [#permalink] New post 19 Apr 2007, 10:05
I am totally confused but on a test day I would have chosen A
Manager
Manager
avatar
Joined: 20 Nov 2006
Posts: 215
Followers: 1

Kudos [?]: 6 [0], given: 0

GMAT Tests User
Re: CR-monetary values [#permalink] New post 20 Apr 2007, 09:21
[quote="vineetgupta"]The problem that environmental economics aims to remedy is the following: people making economic decisions cannot readily compare environmental factors, such as clean air and the survival of endangered species, with other costs and benefits. As environmental economists recognize, solving this problem requires assigning monetary values to environmental factors. But monetary values result from people comparing costs and benefits in order to arrive at economic decisions. Thus, environmental economics is stymied by what motivates it.

If the considerations advanced in its support are true, the passageтАЩs conclusion is supported
(A) strongly, on the assumption that monetary values for environment factors cannot be assigned unless people make economic decisions about these factors - The conclusion is environmental economics is stymed by what motivates it - it is clearly supported by the passage.
(B) strongly, unless economic decision-making has not yet had any effect on the things categorized as environmental factors - not relevant to the conclusion

(C) at best weakly, because the passage fails to establish that economic decision-makers do not by and large take adequate account of environmental factors - supporting the conclusion strongly so wrong


(D) at best weakly, because the argument assumes that pollution and other effects on environmental factors rarely result from economic decision-making - supporting the conclusion strongly so wrong


(E) not at all, since the argument is circular, taking that conclusion as one of its premises - supporting the conclusion strongly so wrong
Director
Director
avatar
Joined: 29 Jul 2006
Posts: 877
Followers: 3

Kudos [?]: 14 [0], given: 0

GMAT Tests User
Re: CR-monetary values [#permalink] New post 22 Apr 2007, 06:51
surbab wrote:
vineetgupta wrote:
The problem that environmental economics aims to remedy is the following: people making economic decisions cannot readily compare environmental factors, such as clean air and the survival of endangered species, with other costs and benefits. As environmental economists recognize, solving this problem requires assigning monetary values to environmental factors. But monetary values result from people comparing costs and benefits in order to arrive at economic decisions. Thus, environmental economics is stymied by what motivates it.

If the considerations advanced in its support are true, the passageтАЩs conclusion is supported
(A) strongly, on the assumption that monetary values for environment factors cannot be assigned unless people make economic decisions about these factors - The conclusion is environmental economics is stymed by what motivates it - it is clearly supported by the passage.
(B) strongly, unless economic decision-making has not yet had any effect on the things categorized as environmental factors - not relevant to the conclusion

(C) at best weakly, because the passage fails to establish that economic decision-makers do not by and large take adequate account of environmental factors - supporting the conclusion strongly so wrong


(D) at best weakly, because the argument assumes that pollution and other effects on environmental factors rarely result from economic decision-making - supporting the conclusion strongly so wrong


(E) not at all, since the argument is circular, taking that conclusion as one of its premises - supporting the conclusion strongly so wrong


Good explanation surbab...The OA is A indeed.
Re: CR-monetary values   [#permalink] 22 Apr 2007, 06:51
    Similar topics Author Replies Last post
Similar
Topics:
1 According to a study concerning environmental economics, any Bull78 1 05 Sep 2012, 12:41
18 The solution to any environmental problem that is not the vjsharma25 20 11 Mar 2011, 08:43
Many people think that the only way to remedy the problem of rockubabe 3 22 May 2010, 14:33
The problem that environmental economics aims to remedy is vineetgupta 12 16 Apr 2007, 22:02
The problem that environmental economics aims to remedy is WinWinMBA 4 19 Jun 2005, 18:15
Display posts from previous: Sort by

The problem that environmental economics aims to remedy is

  Question banks Downloads My Bookmarks Reviews Important topics  


cron

GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.