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siddharthkapoor
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Joined: 10 Apr 2018
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13 Oct 2019, 21:54
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Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
85% (01:45) correct
15%
(01:37)
wrong
based on 87
sessions
History
Date
Time
Result
Not Attempted Yet
A recently signed Free Trade Agreement (FTA) between Country X and Country Y eliminated all import tariffs on all ready-made garments. However, there is no FTA between Country X and Country Z and as such Country Z needs to pay a 10% duty on all goods imported from Country X. Sensing a potential to make big money, some traders of Country Y plan to import ready-made garments from Country X without paying any duties and then to sell them in Country Z for a considerable profit.
Which of the following, if true, would cast the most doubt on the viability of the plan of some of Country Y’s traders?
A. Ready-made garments retailers association of Country Z is likely to bring pressure on its government to sign FTA with Country X within the next 5 years.
B. Manufacturers of ready-made garments in Country X are entitled to tax credits under new federal tax-code guidelines.
C. Businesses in country X are prohibited from selling goods to country Z without special approval from the government.
D. The cost of routing goods through country Y to another country adds 15 percent over the cost of the goods.
E. Country X is likely to sign FTA with Country Z covering import and export of precious metals in the next 5 years.
Which of the following, if true, would cast the most doubt on the viability of the plan of some of Country Y’s traders?
A. Ready-made garments retailers association of Country Z is likely to bring pressure on its government to sign FTA with Country X within the next 5 years.
B. Manufacturers of ready-made garments in Country X are entitled to tax credits under new federal tax-code guidelines.
C. Businesses in country X are prohibited from selling goods to country Z without special approval from the government.
D. The cost of routing goods through country Y to another country adds 15 percent over the cost of the goods.
E. Country X is likely to sign FTA with Country Z covering import and export of precious metals in the next 5 years.
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Critical Reasoning (CR) Forum
Still interested in this question? Check out the "Best Topics" block below for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
27 Oct 2019, 23:26
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A recently signed Free Trade Agreement (FTA) between Country X and Country Y eliminated all import tariffs on all ready-made garments. However, there is no FTA between Country X and Country Z and as such Country Z needs to pay a 10% duty on all goods imported from Country X. Sensing a potential to make big money, some traders of Country Y plan to import ready-made garments from Country X without paying any duties and then to sell them in Country Z for a considerable profit.
Which of the following, if true, would cast the most doubt on the viability of the plan of some of Country Y’s traders?
A. Ready-made garments retailers association of Country Z is likely to bring pressure on its government to sign FTA with Country X within the next 5 years.
--> Put pressure whereas no guarantee, that it will come through
B. Manufacturers of ready-made garments in Country X are entitled to tax credits under new federal tax-code guidelines.
--> Irrelevant (Talks about Country X only)
C. Businesses in country X are prohibited from selling goods to country Z without special approval from the government.
--> Irrelevant (We need something, that would affect Country Y)
D. The cost of routing goods through country Y to another country adds 15 percent over the cost of the goods.
--> Little calculation : Cost of import from Country X to Country Z == 10%, Cost of routing through Country Y == 15%
Logically, this would end in a loss situation
Hence WEAKENS
E. Country X is likely to sign FTA with Country Z covering import and export of precious metals in the next 5 years.
--> Irrelevant OutofScope.
Which of the following, if true, would cast the most doubt on the viability of the plan of some of Country Y’s traders?
A. Ready-made garments retailers association of Country Z is likely to bring pressure on its government to sign FTA with Country X within the next 5 years.
--> Put pressure whereas no guarantee, that it will come through
B. Manufacturers of ready-made garments in Country X are entitled to tax credits under new federal tax-code guidelines.
--> Irrelevant (Talks about Country X only)
C. Businesses in country X are prohibited from selling goods to country Z without special approval from the government.
--> Irrelevant (We need something, that would affect Country Y)
D. The cost of routing goods through country Y to another country adds 15 percent over the cost of the goods.
--> Little calculation : Cost of import from Country X to Country Z == 10%, Cost of routing through Country Y == 15%
Logically, this would end in a loss situation
Hence WEAKENS
E. Country X is likely to sign FTA with Country Z covering import and export of precious metals in the next 5 years.
--> Irrelevant OutofScope.
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Critical Reasoning (CR) Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
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