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# During the 1960's and 1970's, the primary economic

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During the 1960's and 1970's, the primary economic [#permalink]

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20 Dec 2012, 22:14
3
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Question 1
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88% (02:11) correct 13% (00:26) wrong based on 24

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Question 2
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50% (01:26) correct 50% (00:34) wrong based on 24

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Question 3
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91% (01:20) correct 9% (00:00) wrong based on 22

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Question 4
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86% (01:16) correct 14% (00:09) wrong based on 22

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Question 5
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74% (02:18) correct 26% (03:01) wrong based on 23

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During the 1960's and 1970's, the primary economic development strategy of local governments in the United States was to attract manufacturing industries. Unfortunately, this strategy was usually implemented at another community's expense: many manufacturing facilities were lured away from their moorings elsewhere through tax incentives and slick promotional efforts. Through the transfer of jobs and related revenues that resulted from this practice, one town's triumph could become another
town's tragedy.
In the 1980's the strategy shifted from this zero-sum game to one called “high-technology development,” in which local governments competed to attract newly formed high-technology manufacturing firms. Although this approach was preferable to victimizing other geographical areas by taking their jobs, it also had its shortcomings: high-tech manufacturing firms employ
only a specially trained fraction of the manufacturing workforce, and there simply are not enough high-tech firms to satisfy all geographic areas.
Recently, local governments have increasingly come to recognize the advantages of yet a third strategy: the promotion of homegrown small businesses. Small indigoenous businesses are created by a nearly ubiquitous resource, local entrepreneurs. With roots in their communities, these individuals are less likely to be enticed away by incentives offered by another community. Indigenous industry and talent are kept at home, creating an environment that both provides jobs and fosters further entrepreneurship.

1. The primary purpose of the passage is to
(A) advocate more effective strategies for encouraging the development of high- technology enterprises in the United States
(B) contrast the incentives for economic development offered by local governments with those offered by the private sector
(C) acknowledge and counter adverse criticism of programs being used to stimulate local economic development
(D) define and explore promotional efforts used by local governments to attract new industry
(E) review and evaluate strategies and programs that have been used to stimulate economic development
[Reveal] Spoiler:

2. The passage suggests which of the following about the majority of United States manufacturing industries before the high-technology development era of the 1980's?
(A) They lost many of their most innovative personnel to small entrepreneurial enterprises.
(B) They experienced a major decline in profits during the 1960’s and 1970’s.
(C) They could provide real economic benefits to the areas in which they were located.
(D) They employed workers who had no specialized skills.
(E) They actively interfered with local entrepreneurial ventures.
[Reveal] Spoiler:

3. The tone of the passage suggests that the author is most optimistic about the economic development potential of which of the following groups?
(A) Local governments
(B) High-technology promoters
(C) Local entrepreneurs
(D) Manufacturing-industry managers
(E) Economic development strategists
[Reveal] Spoiler:

4. The passage does NOT state which of the following about local entrepreneurs?
(A) They are found nearly everywhere.
(B) They encourage further entrepreneurship.
(C) They attract out-of-town investors.
(D) They employ local workers.
(E) They are established in their communities.
[Reveal] Spoiler:

5. The author of the passage mentions which of the following as an advantage of high-technology development?
(A) It encourages the modernization of existing manufacturing facilities.
(B) It promotes healthy competition between rival industries.
(C) It encourages the growth of related industries.
(D) It takes full advantage of the existing workforce.
(E) It does not advantage one local workforce at the expense of another.
[Reveal] Spoiler:

Edit: Formatted
[Reveal] Spoiler: Question #1 OA
[Reveal] Spoiler: Question #2 OA
[Reveal] Spoiler: Question #3 OA
[Reveal] Spoiler: Question #4 OA
[Reveal] Spoiler: Question #5 OA

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Prashant Ponde

Tough 700+ Level RCs: Passage1 | Passage2 | Passage3 | Passage4 | Passage5 | Passage6 | Passage7
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Last edited by PrashantPonde on 20 Dec 2012, 22:18, edited 1 time in total.
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Re: During the 1960's and 1970's, the primary economic [#permalink]

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17 Sep 2014, 12:51
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Re: During the 1960's and 1970's, the primary economic [#permalink]

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03 Oct 2014, 23:33
IMO ECCCA

can someone please explain question 5.. i choose A, as it looks to me that option E is not discussed in passage.
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Re: During the 1960's and 1970's, the primary economic [#permalink]

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04 Nov 2014, 04:04
samratkokula wrote:
IMO ECCCA

can someone please explain question 5.. i choose A, as it looks to me that option E is not discussed in passage.

It says in line 15 - this approach was preferable to victimizing other geographical areas by taking their jobs

Hence E.
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Re: During the 1960's and 1970's, the primary economic [#permalink]

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15 Nov 2015, 09:25
Hello from the GMAT Club VerbalBot!

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Re: During the 1960's and 1970's, the primary economic [#permalink]

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23 Dec 2016, 00:08
Hi, can someone explain question number 2? I dont get it why c
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Re: During the 1960's and 1970's, the primary economic [#permalink]

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21 Jan 2017, 02:31
LouisaLim wrote:
Hi, can someone explain question number 2? I dont get it why c

The first line in the passage
During the 1960's and 1970's, the primary economic development strategy of local governments in the United States was to attract manufacturing industries.
we can infer from this that manufacturing industries provided economic benefits.

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Re: During the 1960's and 1970's, the primary economic [#permalink]

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27 Jan 2017, 07:58
6:48 sec(including reading) ..4 out of 5 were correct..missed the last one...

For last question,Most will be narrow down to A and E.

For last question why A is wrong: Govt try to attract newly formed high-technology manufacturing firms(1st line of 2nd paragraph).It is not benefiting existing one.
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Re: During the 1960's and 1970's, the primary economic [#permalink]

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27 Jan 2017, 23:24
PrashantPonde wrote:
During the 1960's and 1970's, the primary economic development strategy of local governments in the United States was to attract manufacturing industries. Unfortunately, this strategy was usually implemented at another community's expense: many manufacturing facilities were lured away from their moorings elsewhere through tax incentives and slick promotional efforts. Through the transfer of jobs and related revenues that resulted from this practice, one town's triumph could become another
town's tragedy.
In the 1980's the strategy shifted from this zero-sum game to one called “high-technology development,” in which local governments competed to attract newly formed high-technology manufacturing firms. Although this approach was preferable to victimizing other geographical areas by taking their jobs, it also had its shortcomings: high-tech manufacturing firms employ
only a specially trained fraction of the manufacturing workforce, and there simply are not enough high-tech firms to satisfy all geographic areas.
Recently, local governments have increasingly come to recognize the advantages of yet a third strategy: the promotion of homegrown small businesses. Small indigoenous businesses are created by a nearly ubiquitous resource, local entrepreneurs. With roots in their communities, these individuals are less likely to be enticed away by incentives offered by another community. Indigenous industry and talent are kept at home, creating an environment that both provides jobs and fosters further entrepreneurship.

1. The primary purpose of the passage is to
(A) advocate more effective strategies for encouraging the development of high- technology enterprises in the United States
(B) contrast the incentives for economic development offered by local governments with those offered by the private sector
(C) acknowledge and counter adverse criticism of programs being used to stimulate local economic development
(D) define and explore promotional efforts used by local governments to attract new industry
(E) review and evaluate strategies and programs that have been used to stimulate economic development
[Reveal] Spoiler:

2. The passage suggests which of the following about the majority of United States manufacturing industries before the high-technology development era of the 1980's?
(A) They lost many of their most innovative personnel to small entrepreneurial enterprises.
(B) They experienced a major decline in profits during the 1960’s and 1970’s.
(C) They could provide real economic benefits to the areas in which they were located.
(D) They employed workers who had no specialized skills.
(E) They actively interfered with local entrepreneurial ventures.
[Reveal] Spoiler:

3. The tone of the passage suggests that the author is most optimistic about the economic development potential of which of the following groups?
(A) Local governments
(B) High-technology promoters
(C) Local entrepreneurs
(D) Manufacturing-industry managers
(E) Economic development strategists
[Reveal] Spoiler:

4. The passage does NOT state which of the following about local entrepreneurs?
(A) They are found nearly everywhere.
(B) They encourage further entrepreneurship.
(C) They attract out-of-town investors.
(D) They employ local workers.
(E) They are established in their communities.
[Reveal] Spoiler:

5. The author of the passage mentions which of the following as an advantage of high-technology development?
(A) It encourages the modernization of existing manufacturing facilities.
(B) It promotes healthy competition between rival industries.
(C) It encourages the growth of related industries.
(D) It takes full advantage of the existing workforce.
(E) It does not advantage one local workforce at the expense of another.
[Reveal] Spoiler:

Edit: Formatted

Easy RC
1.e
2.c
3.c
4.c
5.e
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Re: During the 1960's and 1970's, the primary economic   [#permalink] 27 Jan 2017, 23:24
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