GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 16 Aug 2018, 12:48

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.

Close

Request Expert Reply

Confirm Cancel

A developing country can substantially increase its economic growth if

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Director
Director
avatar
V
Joined: 30 Jan 2016
Posts: 661
Location: United States (MA)
Reviews Badge CAT Tests
A developing country can substantially increase its economic growth if  [#permalink]

Show Tags

New post Updated on: 13 May 2018, 11:05
1
1
00:00
A
B
C
D
E

Difficulty:

  55% (hard)

Question Stats:

58% (01:29) correct 42% (01:35) wrong based on 93 sessions

HideShow timer Statistics

A developing country can substantially increase its economic growth if its businesspeople are willing to invest in modern industries that have not yet been pursued there. But being the first to invest in an industry is very risky. Moreover, businesspeople have little incentive to take this risk since if the business succeeds, many other people will invest in the same industry, and the competition will cut into their profits.

The statements above, if true, most strongly support which one of the following claims?

(A) Once a developing country has at least one business in a modern industry, further investment in that industry will not contribute to the country's economic growth.
(B) In developing countries, there is greater competition within modern industries than within traditional industries.
(C) A developing country can increase its prospects for economic growth by providing added incentive for investment in modern industries that have not yet been pursued there.
(D) A developing country will not experience economic growth unless its businesspeople invest in modern industries.
(E) Investments in a modern industry in a developing country carry little risk as long as the country has at least one other business in that industry.

Source: LSAT

_________________

Non progredi est regredi


Originally posted by Akela on 12 May 2018, 11:28.
Last edited by Akela on 13 May 2018, 11:05, edited 1 time in total.
Senior Manager
Senior Manager
User avatar
G
Joined: 14 Feb 2018
Posts: 380
Re: A developing country can substantially increase its economic growth if  [#permalink]

Show Tags

New post 12 May 2018, 23:08
(C) A developing country can increase its prospects for economic growth by providing added incentive for investment in modem industries that have not yet been pursued there.
- this can be rightly inferred.

(E) Investments in a modem industry in a developing country carry little risk as long as the country has at least one other business in that industry.
"Little risk means negligible risk" and inferring something like that would be extreme. It shows that there is no other factor that can cause increase in risk.
Thus, OOS.

IMO C.
Please correct me if I am wrong.

Sent from my Lenovo K53a48 using GMAT Club Forum mobile app
Intern
Intern
avatar
B
Joined: 30 Jul 2017
Posts: 18
CAT Tests
Re: A developing country can substantially increase its economic growth if  [#permalink]

Show Tags

New post 13 May 2018, 04:38
A developing country can substantially increase its economic growth if its businesspeople are willing to invest in modern industries that have not yet been pursued there. But being the first to invest in an industry is very risky. Moreover, businesspeople have little incentive to take this risk since if the business succeeds, many other people will invest in the same industry, and the competition will cut into their profits.

The statements above, if true, most strongly support which one of the following claims?

(A) Once a developing country has at least one business in a modern industry, further investment in that industry will not contribute to the country's economic growth.- At least makes it weird. The premise no where mentions for at least
(B) In developing countries, there is greater competition within modem industries than within traditional industries. Traditional industries out f scope.
(C) A developing country can increase its prospects for economic growth by providing added incentive for investment in modem industries that have not yet been pursued there.- This is one possible solution since it supports and it will help ppl mitigate the risk
(D) A developing country will not experience economic growth unless its businesspeople invest in modem industries. THis is nt what si mentioned in the passage. - Passage states that a country will progress if ppl invest in industries but everse is not true.
(E) Investments in a modem industry in a developing country carry little risk as long as the country has at least one other business in that industry. - the passage do not compare one business wit other.

C should b the answer
Re: A developing country can substantially increase its economic growth if &nbs [#permalink] 13 May 2018, 04:38
Display posts from previous: Sort by

A developing country can substantially increase its economic growth if

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  

Events & Promotions

PREV
NEXT


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

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

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®.