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An interesting approach to reducing the Unites States’ trade deficit

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An interesting approach to reducing the Unites States’ trade deficit  [#permalink]

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New post Updated on: 17 Mar 2018, 01:30
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Passage
An interesting approach to reducing the Unites States’ trade deficit has been suggested: relax export restrictions to China. That this suggestion has come from the President of the People’s Republic of China perhaps warrants some skepticism. That this idea is seconded by U.S. trade groups that represent aerospace, software, and microchip manufacturers, all of whom produce equipment that can be used for military purposes, also gives one pause. Despite some reforms, real and promised, China’s “private” sector is too entangled with a government whose aims and actions are frequently at odds with U.S. policy and ideology.

To expedite “safe” trade with China, the U.S. has recently compiled a list of acceptable Chinese businesses with which our high-tech firms can trade. This replaces a system that required that exporters take the time—sometimes a considerable amount—to get licenses for the items they wished to export. Supposedly, the new system has stringent criteria that ensure that the Chinese firms will only use the imported goods for non-military purposes. Many of these products are, however, dual-purpose; they have military as well as commercial applications. Despite assurances that ground checks will prevent imported goods from being diverted for military purposes, China is simply too big, and the links between its companies and its government agencies too byzantine, for these assurances to be meaningful.

Another area in which trade with China needs to be handled carefully is that of intellectual property. Here, U.S. companies are largely on their own; our government can establish guidelines and issue warnings, but it cannot take a direct part in legal actions pursued by an American firm that believes its patents, trademarks, or copyrights have been violated. This is no small problem. About 20% of all consumer products in the Chinese market are counterfeit. China’s government has taken some steps to address this problem, but these steps have not yet resulted in enough punishment for those who pirate intellectual property to serve as much of a deterrent to others. Furthermore, what the central government promises is one thing; what provincial governments do is another. Corruption, protectionism, and apathy contribute to a climate in which pirating is considered business as usual by local officials located at great distances from the central government.
Which of the following, if true, would most weaken the author’s assumptions
regarding the effectiveness of the new system of controlling high-tech trade to China?
(A) Several local police chiefs in remote provinces have been demoted for taking bribes to not enforce pirating laws.
(B) New practices in China have led to greater transparency of the connections between companies and government agencies.
(C) Several U.S. manufacturing firms have expressed reservations regarding the list of acceptable exports.
(D) The new policy makes clear that any business that exports items that are not on the list of acceptable exports will be subject to large fines, and that the company’s chief officers will likely face jail sentences.
(E) The list of acceptable exports makes clear which ones have military applications.
OA B


Can someone explain the question properly for me :| .
what are the author’s assumptions regarding the effectiveness of the new system of controlling high-tech trade
to China?
What does it mean by effectiveness of new system?




Q2. The attitude of the author of the passage toward trade with China is best described as one of _______.
A) skeptical advocacy
B) disinterested description
C) considered wariness
D) amused fascination
E) troubled confusion


Q3. According to the author, the new system of exporting high-tech goods to China _______.
A) is an imperfect improvement over the old system
B) can take too much time to be truly effective
C) will almost certainly be adversely affected by local corruption
D) aims to speed up the process of receiving approval for the exportation of some goods
E) will only apply to items that can be used for military purposes


Q4. One issue that affects both high-tech exports and intellectual property rights is ______________.
A) the difficulty of knowing what is truly going on in all parts of the country
B) that some products intended for commercial use can have military applications
C) the lack of interest in monitoring illegal activity of this sort on the part of provincial governments
D) the willingness of some American firms to do business with China without due consideration of the political repercussions
E) too many of China's products infringe on existing patents, trademarks, and copyrights



Originally posted by Nevernevergiveup on 21 Oct 2015, 10:04.
Last edited by Skywalker18 on 17 Mar 2018, 01:30, edited 2 times in total.
formatted and added Q2-4
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Re: An interesting approach to reducing the Unites States’ trade deficit  [#permalink]

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New post 14 Oct 2016, 19:07
1
Here’s what I think:

New system: Compiling a list of acceptable Chinese Businesses.
Effectiveness of this new system: To expedite “safe” trade.
Assumption regarding effectiveness of this new system: If they follow this “New System”, US govt will be able to expedite safe trade.

Weakening the assumption: If the new practices in China lead to greater transparency, then there is no point in implementing this new system.

See lines “China’s “private” sector is too entangled with a government whose aims and actions are frequently at odds with U.S. policy and ideology”.

If there is transparency, this system need not be implemented, and hence won’t be effective(obviously).
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Re: An interesting approach to reducing the Unites States’ trade deficit  [#permalink]

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New post 06 Nov 2016, 06:38
1
You could have posted the other questions too. Is anyone aware of another post for this same passage?
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Re: An interesting approach to reducing the Unites States’ trade deficit  [#permalink]

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New post 24 Dec 2016, 00:55
1
My take:
Lets focus on second para for this.
Now break down the question:
What are author's assumptions regarding effectiveness?
One assumption: The new system will not be effective as the links between companies and government are byzantine.

What weakens this assumption?
If there is transparency between companies and government, then it wouldnt be as byzantine as it seems and tracking/tracing of US exports will be possible. Thus, new system will be effective.

Is my understanding correct?
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Re: An interesting approach to reducing the Unites States’ trade deficit  [#permalink]

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New post 16 Jun 2017, 02:45
Q2. The attitude of the author of the passage toward trade with China is best described as one of _______.
A) skeptical advocacy
B) disinterested description
C) considered wariness
D) amused fascination
E) troubled confusion

Q3. According to the author, the new system of exporting high-tech goods to China _______.
A) is an imperfect improvement over the old system
B) can take too much time to be truly effective
C) will almost certainly be adversely affected by local corruption
D) aims to speed up the process of receiving approval for the exportation of some goods
E) will only apply to items that can be used for military purposes

Q4. One issue that affects both high-tech exports and intellectual property rights is ______________.
A) the difficulty of knowing what is truly going on in all parts of the country
B) that some products intended for commercial use can have military applications
C) the lack of interest in monitoring illegal activity of this sort on the part of provincial governments
D) the willingness of some American firms to do business with China without due consideration of the political repercussions
E) too many of China's products infringe on existing patents, trademarks, and copyrights


OA Q2. C, Q3. D, Q4. A
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Re: An interesting approach to reducing the Unites States’ trade deficit  [#permalink]

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New post 10 Jul 2017, 20:35
ritikasingh wrote:
Here’s what I think:

New system: Compiling a list of acceptable Chinese Businesses.
Effectiveness of this new system: To expedite “safe” trade.
Assumption regarding effectiveness of this new system: If they follow this “New System”, US govt will be able to expedite safe trade.

Weakening the assumption: If the new practices in China lead to greater transparency, then there is no point in implementing this new system.

See lines “China’s “private” sector is too entangled with a government whose aims and actions are frequently at odds with U.S. policy and ideology”.

If there is transparency, this system need not be implemented, and hence won’t be effective(obviously).


I believe your understanding towards this question is correct.
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Re: An interesting approach to reducing the Unites States’ trade deficit  [#permalink]

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New post 10 Jul 2017, 20:37
gmathunk wrote:
Q2. The attitude of the author of the passage toward trade with China is best described as one of _______.
A) skeptical advocacy
B) disinterested description
C) considered wariness
D) amused fascination
E) troubled confusion

Q3. According to the author, the new system of exporting high-tech goods to China _______.
A) is an imperfect improvement over the old system
B) can take too much time to be truly effective
C) will almost certainly be adversely affected by local corruption
D) aims to speed up the process of receiving approval for the exportation of some goods
E) will only apply to items that can be used for military purposes

Q4. One issue that affects both high-tech exports and intellectual property rights is ______________.
A) the difficulty of knowing what is truly going on in all parts of the country
B) that some products intended for commercial use can have military applications
C) the lack of interest in monitoring illegal activity of this sort on the part of provincial governments
D) the willingness of some American firms to do business with China without due consideration of the political repercussions
E) too many of China's products infringe on existing patents, trademarks, and copyrights


OA Q2. C, Q3. D, Q4. A


I understand Q2 and Q3. However, I am very much skeptical about Q4, unable to understand how come the answer is A and not E when information is explicitly mentioned in Paragraph 3.
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An interesting approach to reducing the Unites States’ trade deficit  [#permalink]

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New post 19 Oct 2018, 10:12
Veritas Prep Official Solution:

Question No. 4

Quote:
Q4. One issue that affects both high-tech exports and intellectual property rights is ______________.
A) the difficulty of knowing what is truly going on in all parts of the country
B) that some products intended for commercial use can have military applications
C) the lack of interest in monitoring illegal activity of this sort on the part of provincial governments
D) the willingness of some American firms to do business with China without due consideration of the political repercussions
E) too many of China's products infringe on existing patents, trademarks, and copyrights


The second paragraph which deals with high-tech exports states that "china is simply too big..."

The third paragraph which deals with intellectual property, states that there are problems with "local officials located at great distances from the central government."
(B): This is mentioned regarding high-tech exports only.
(C): This is mentioned regarding intellectual property only.
(D): This is not specified anywhere, though this 1st paragraph suggests this possibility regarding high-tech exports only.
(E): This is alluded to in the last paragraph, regarding intellectual property.
The 1st and 2nd paragraph doesn't mention that high-tech exports violate any intellectual property laws.
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An interesting approach to reducing the Unites States’ trade deficit &nbs [#permalink] 19 Oct 2018, 10:12
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An interesting approach to reducing the Unites States’ trade deficit

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