Last visit was: 26 Apr 2024, 10:56 It is currently 26 Apr 2024, 10:56

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
SORT BY:
Date
Tags:
Show Tags
Hide Tags
Director
Director
Joined: 23 Apr 2019
Status:PhD trained. Education research, management.
Posts: 806
Own Kudos [?]: 1807 [6]
Given Kudos: 203
Send PM
Manager
Manager
Joined: 11 May 2019
Posts: 169
Own Kudos [?]: 114 [0]
Given Kudos: 298
Send PM
Intern
Intern
Joined: 27 Aug 2017
Posts: 32
Own Kudos [?]: 56 [1]
Given Kudos: 110
Location: India
GRE 1: Q167 V160
Send PM
Intern
Intern
Joined: 27 Aug 2017
Posts: 32
Own Kudos [?]: 56 [0]
Given Kudos: 110
Location: India
GRE 1: Q167 V160
Send PM
Re: Columnist: It may soon be possible for an economy to function without [#permalink]
GMATNinja : could you help out with this one? Why is option A better than option D?
Manager
Manager
Joined: 18 Nov 2018
Posts: 87
Own Kudos [?]: 85 [0]
Given Kudos: 42
Send PM
Re: Columnist: It may soon be possible for an economy to function without [#permalink]
Main idea: too soon to operate a society without paper money <= the challenge is not with feasibility but with unwillingness of society to accept that govern record their transaction, the unwillingness that is justified. The conclusion will shortly summarize along the idea.

Explanation
A - correct: concisely capture the main idea
B - incorrect: there is no author' judgement about the rightfulness of society. Plus, this option miss the whole idea that the society will never accept
C - incorrect: similar to B, this option miss the whole idea that society will never accept that the government has too control over it
D - incorrect: there is no mention of author' judgement, whether right or wrong the fact the society's feeling, and also it miss out that assessment that the society that is in lieu of paper money is not feasible
E - incorrect: it wrongly state that the government will not be able; the gov is totally able to do but can't realize such ability because society will be unwilling
Senior Manager
Senior Manager
Joined: 17 Mar 2019
Posts: 364
Own Kudos [?]: 281 [0]
Given Kudos: 35
Location: India
Concentration: Healthcare, General Management
Schools:
GPA: 3.75
WE:Pharmaceuticals (Health Care)
Send PM
Re: Columnist: It may soon be possible for an economy to function without [#permalink]
Columnist: It may soon be possible for an economy to function without paper money. Instead, the government would electronically record all transactions as they take place. However, while this may be technologically feasible it would never be willingly accepted by a society, for it gives the government too much power. People are rightly distrustful of governments with too much power.

Stimulus: columnist states that it may be too soon for an economy to function without paper money instead the government will record the electronic transactions as they take place. While this may be technologically possible it will never be willingly accepted by society for it gives the government too much power. People are distrustful of giving government too much power.

Which one of the following most accurately expresses the overall conclusion of the columnist's argument?

(A) A society would never willingly accept a system in which, in lieu of paper money, the government keeps track of every transaction electronically.

(B) It is reasonable for people to distrust a government that has too much power. not mentioned in the stimulus

(C) New technology may soon make it possible for an economy to operate without paper money. the columnist states that technologically possible not will be possible. Hence can be eliminated

(D) People are right to be unwilling to give the government the power it would need to operate an economy without paper money. not stated whether people are right or wrong

(E) Even though it may be technologically feasible, no government will be able to operate an economy without the use of paper money. extreme and changes meaning of stimulus because it mentions no government will be willing to operate

IMO A
Senior Manager
Senior Manager
Joined: 08 May 2019
Posts: 322
Own Kudos [?]: 243 [0]
Given Kudos: 54
Location: India
Concentration: Operations, Marketing
GPA: 4
WE:Manufacturing and Production (Manufacturing)
Send PM
Re: Columnist: It may soon be possible for an economy to function without [#permalink]
EP2620 wrote:
GMATNinja : could you help out with this one? Why is option A better than option D?

Hi EP2620
Option D has bent few facts
As per arguments "However, while this may be technologically feasible it would never be willingly accepted by a society, for it gives the government too much power. People are rightly distrustful of governments with too much power."

But option D says "People are right to be unwilling to give the government the power it would need to operate an economy without paper money."
Thus we don't know whether people are right or wrong to be unwilling to give the government the power.
However we are certain people are rightly distrustful towards government with too much power.

Hope this helps :)
Intern
Intern
Joined: 27 Aug 2017
Posts: 32
Own Kudos [?]: 56 [0]
Given Kudos: 110
Location: India
GRE 1: Q167 V160
Send PM
Re: Columnist: It may soon be possible for an economy to function without [#permalink]
Harsh2111s wrote:
EP2620 wrote:
GMATNinja : could you help out with this one? Why is option A better than option D?

Hi EP2620
Option D has bent few facts
As per arguments "However, while this may be technologically feasible it would never be willingly accepted by a society, for it gives the government too much power. People are rightly distrustful of governments with too much power."

But option D says "People are right to be unwilling to give the government the power it would need to operate an economy without paper money."
Thus we don't know whether people are right or wrong to be unwilling to give the government the power.
However we are certain people are rightly distrustful towards government with too much power.

Hope this helps :)


Fantastic! Thanks so much for pointing out the difference, Harsh2111s!

Do you know of any other problem sets that have these kind of trap answers?
User avatar
Non-Human User
Joined: 01 Oct 2013
Posts: 17225
Own Kudos [?]: 848 [0]
Given Kudos: 0
Send PM
Re: Columnist: It may soon be possible for an economy to function without [#permalink]
Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
GMAT Club Bot
Re: Columnist: It may soon be possible for an economy to function without [#permalink]
Moderators:
GMAT Club Verbal Expert
6921 posts
GMAT Club Verbal Expert
238 posts
CR Forum Moderator
832 posts

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