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

It is currently 19 Jul 2018, 16:26

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

Economic considerations color every aspect of international

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

Hide Tags

Director
Director
User avatar
Joined: 21 Sep 2004
Posts: 591
Economic considerations color every aspect of international  [#permalink]

Show Tags

New post Updated on: 09 Jun 2017, 03:20
12
00:00
A
B
C
D
E

Difficulty:

  65% (hard)

Question Stats:

55% (01:36) correct 45% (01:44) wrong based on 787 sessions

HideShow timer Statistics

Economic considerations color every aspect of international dealings, and nations are just like individuals in that the lender sets the terms of its dealings with the borrower. That is why a nation that owes money to another nation cannot be world leader.

The reasoning in the passage assumes which one of the following?

(A) A nation that does not lend to any other nation cannot be a world leader.

(B) A nation that can set the terms of its dealings with other nations is certain to be a world leader.

(C) A nation that has the terms of its dealings with another action set by that nation cannot be a world leader.

(D) A nation that is a world leader can borrow from another nation as long as that other nation does not set the terms of the dealings between the two nations.

(E) A nation that has no dealings with any other nation cannot be world leader.

Originally posted by vprabhala on 22 Mar 2005, 17:42.
Last edited by broall on 09 Jun 2017, 03:20, edited 2 times in total.
Edited the question and added OA
Director
Director
User avatar
Joined: 21 Sep 2004
Posts: 591
Re: Economic considerations color every aspect of international  [#permalink]

Show Tags

New post 22 Mar 2005, 18:53
1
OA is C. Praveen u r on the right track.
2 KUDOS received
GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 07 Jul 2004
Posts: 4971
Location: Singapore
Re: Economic considerations color every aspect of international  [#permalink]

Show Tags

New post 22 Mar 2005, 20:06
2
1
1) Economic considerations color every aspect of international dealing
2) Nations are just like individuals in that the lender sets the terms of its dealing with the borrower
3) That is why a nation that owes money to another nation cannot be a world leader <-- conclusion

nation owe money ---> cannot be world leader
can be world leader ---> does not owe money

Conclusion is true only if a nation is a world leader when it does not owe money to any other nation. We need an assumption along this line of reasoning.

The reasoning in the passage assumes which one of the following?

(A) A nation that does not lend to any other nation cannot be a world leader.
- Out

(B) A nation that can set the terms of its dealings with other nations is certain to be a world leader.
- No. We're told the nation can be one, but not definitely one (which the word 'certain' suggests)

(C) A nation that has the terms of its dealings with another action set by that nation cannot be a world leader.
- Yes. If we're told a nation that has the terms of its dealing set by another nation and this is sufficient to make it not be a 'world leader', then it's true that a nation that does not owe money (sets the terms) is a world leader.

(D) A nation that is a world leader can borrow from another nation as long as that other nation does not set the terms of the dealings between the two nations.
- No. Does not tells us why not oweing money makes a nation a world leader

(E) A nation that has no dealings with any other nation cannot be world leader.
- Out

I'll take C
Director
Director
avatar
Joined: 27 Dec 2004
Posts: 872
Re: Economic considerations color every aspect of international  [#permalink]

Show Tags

New post 22 Mar 2005, 20:23
Late but (C) seemed to make the most sense though it kinda repeats what was stated in the passage
Director
Director
User avatar
Joined: 21 Dec 2010
Posts: 541
Re: Economic considerations color every aspect of international  [#permalink]

Show Tags

New post 07 May 2011, 12:24
i went with C , precisely because it repeats the words of the conclusion, but i could not find a reason to reject D , hence took 3:31 min to choose between C and D
_________________

What is of supreme importance in war is to attack the enemy's strategy.

1 KUDOS received
Senior Manager
Senior Manager
User avatar
Joined: 03 Mar 2010
Posts: 400
Schools: Simon '16 (M)
Aristotle CR. Economic considerations colour every aspect of  [#permalink]

Show Tags

New post 25 Jul 2011, 04:11
1
3
Aristotle CR.

Economic considerations colour every aspect of international dealings, and nations are just like individuals in that the lender sets the terms of its dealings with the borrower. That is why a nation that owes money to another nation cannot be world leader.
The reasoning in the passage assumes which one of the following?
(A) A nation that does not lend to any other nation cannot be a world leader.
(B) A nation that can set the terms of its dealings with other nations is certain
to be a world leader.
(C) A nation that has the terms of its dealings with another action set by that
nation cannot be a world leader.
(D) A nation that is a world leader can borrow from another nation as long as that
other nation does not set the terms of the dealings between the two nations.
(E) A nation that has no dealings with any other nation cannot be world leader.
_________________

My dad once said to me: Son, nothing succeeds like success.

Intern
Intern
avatar
Joined: 06 Jul 2011
Posts: 27
Re: World Leader  [#permalink]

Show Tags

New post 25 Jul 2011, 04:31
Prediction: A nation in debt cannot be a world leader.
Prediction: A nation that does not set the terms of an agreement with another nation cannot be a world leader.

A - Does not line up with predictions. The argument is in terms of the nation receiving the loan, not the lender. Out of scope.
B - Does not line up with predictions. The argument is in terms of the nation receiving the loan, not the lender. Key word 'certain' is too extreme.
C - Matches prediction 2. This is the correct answer.
D - Does not line up with predictions. Does not jive with author's conclusion. A nation in debt cannot be a world leader.
E - Does not line up with predictions. Out of scope.
_________________

GMAT Day: Nov. 19, 2011

Manager
Manager
User avatar
Status: GMAT BATTLE - WIN OR DIE
Joined: 02 May 2011
Posts: 130
Concentration: General Management, Entrepreneurship
GMAT Date: 12-22-2011
GPA: 3.81
WE: General Management (Hospitality and Tourism)
Re: World Leader  [#permalink]

Show Tags

New post 25 Jul 2011, 07:24
1) nation sets the terms of its dealings with the other nation
2) nation that owes money to another nation cannot be world leader

(C) A nation that has the terms of its dealings with another action set by that nation cannot be a world leader.

As you can see from above answer C is correct one
Manager
Manager
avatar
Status: Prepping for the last time....
Joined: 28 May 2010
Posts: 152
Location: Australia
Concentration: Technology, Strategy
GMAT 1: 630 Q47 V29
GPA: 3.2
Re: World Leader  [#permalink]

Show Tags

New post 15 Sep 2011, 07:24
C it is .. 'action' must be 'nation'
_________________

Two great challenges: 1. Guts to Fail and 2. Fear to Succeed

Manager
Manager
avatar
Joined: 14 Jun 2011
Posts: 82
Re: Aristotle CR. Economic considerations colour every aspect of  [#permalink]

Show Tags

New post 24 Jun 2013, 21:16
Re-posting for further discussion.

Aristotle CR.

Economic considerations colour every aspect of international dealings, and nations are just like individuals in that the lender sets the terms of its dealings with the borrower. That is why a nation that owes money to another nation cannot be world leader.
The reasoning in the passage assumes which one of the following?
(A) A nation that does not lend to any other nation cannot be a world leader.
(B) A nation that can set the terms of its dealings with other nations is certain
to be a world leader.
(C) A nation that has the terms of its dealings with another action set by that
nation cannot be a world leader.
(D) A nation that is a world leader can borrow from another nation as long as that
other nation does not set the terms of the dealings between the two nations.
(E) A nation that has no dealings with any other nation cannot be world leader.

Doubt: Why is D wrong? What exactly does C mean by another action set?
_________________

Kudos always encourages me

2 KUDOS received
Retired Moderator
User avatar
Joined: 16 Jun 2012
Posts: 1076
Location: United States
Premium Member
Re: Aristotle CR. Economic considerations colour every aspect of  [#permalink]

Show Tags

New post 25 Jun 2013, 00:21
2
swati007 wrote:
Doubt: Why is D wrong? What exactly does C mean by another action set?


Hi Swaiti007

This question is about "supporter assumption".

The stimulus says:
Fact: Lender sets the terms of its dealings with a nation who wants to borrow money
Conclusion: a nation that borrows money from another nation cannot be world leader

You can see the flow: Lender sets terms of borrowing to A nation who wants to borrow ==> This nation cannot be World leader.
The assumption should connect "terms of borrowing" to "world leader".
The assumption should be: Any nation who has terms of borrowing that are set by another nation ==> cannot be world leader

C says: A nation that has the terms of its dealings with another action set by that nation cannot be a world leader.
It means: X, who has the terms of X's dealing with Y set by Y, cannot be a world leader
Hence, C is correct.

D is wrong because It's simply a reverse answer. D says: X is world leader because Y does not set terms of dealing with X. But the real assumption is: X has terms of dealing that are set by Y ==> X is not world leader.

Hope it helps.
_________________

Please +1 KUDO if my post helps. Thank you.

"Designing cars consumes you; it has a hold on your spirit which is incredibly powerful. It's not something you can do part time, you have do it with all your heart and soul or you're going to get it wrong."

Chris Bangle - Former BMW Chief of Design.

Senior Manager
Senior Manager
User avatar
G
Joined: 19 Oct 2012
Posts: 341
Location: India
Concentration: General Management, Operations
GMAT 1: 660 Q47 V35
GMAT 2: 710 Q50 V38
GPA: 3.81
WE: Information Technology (Computer Software)
Re: Aristotle CR. Economic considerations colour every aspect of  [#permalink]

Show Tags

New post 25 Jun 2013, 00:39
A weird wording of OA. Please correct it to avoid confusions.
_________________

Citius, Altius, Fortius

Retired Moderator
User avatar
Joined: 16 Jun 2012
Posts: 1076
Location: United States
Premium Member
Re: Aristotle CR. Economic considerations colour every aspect of  [#permalink]

Show Tags

New post 25 Jun 2013, 01:01
vabhs192003 wrote:
A weird wording of OA. Please correct it to avoid confusions.


Could you recommend the source of correct question. I don't think there's a problem with wording here. OA is C. You can refer to:
http://www.beatthegmat.com/economic-con ... 67950.html

Regards.
_________________

Please +1 KUDO if my post helps. Thank you.

"Designing cars consumes you; it has a hold on your spirit which is incredibly powerful. It's not something you can do part time, you have do it with all your heart and soul or you're going to get it wrong."

Chris Bangle - Former BMW Chief of Design.

Senior Manager
Senior Manager
User avatar
G
Joined: 19 Oct 2012
Posts: 341
Location: India
Concentration: General Management, Operations
GMAT 1: 660 Q47 V35
GMAT 2: 710 Q50 V38
GPA: 3.81
WE: Information Technology (Computer Software)
Re: Aristotle CR. Economic considerations colour every aspect of  [#permalink]

Show Tags

New post 25 Jun 2013, 03:27
pqhai wrote:
vabhs192003 wrote:
A weird wording of OA. Please correct it to avoid confusions.


Could you recommend the source of correct question. I don't think there's a problem with wording here. OA is C. You can refer to:
http://www.beatthegmat.com/economic-con ... 67950.html

Regards.

I was talking about OA C's wording: usage of "action" instead of "nation". Usage of action is nonsensical. With the explanations above it does gets clear. I was expecting someone would correct the original post and avoid the confusions.

Thanks for link though.
_________________

Citius, Altius, Fortius

Manager
Manager
avatar
Joined: 14 Jun 2011
Posts: 82
Re: Aristotle CR. Economic considerations colour every aspect of  [#permalink]

Show Tags

New post 26 Jun 2013, 12:09
@vabhs192003,

well this is a original LSAT qns. You can google it...You will find the same wordings. Re-constructing the OA wont help us :)
_________________

Kudos always encourages me

Intern
Intern
avatar
Status: Applications.
Affiliations: None
Joined: 16 Jan 2013
Posts: 13
Concentration: General Management, Technology
Schools: Cox '17 (A)
GMAT 1: 580 Q49 V21
GMAT 2: 720 Q48 V41
GPA: 4
Reviews Badge
Re: Aristotle CR. Economic considerations colour every aspect of  [#permalink]

Show Tags

New post 14 Aug 2013, 04:15
I was confused too between C and D. But C does fill the gap between premise and conclusion. C it is.

D is against the conclusion. It is mentioned if a nation A owes money to another nation B then A can't be a world leader. So even if the B does not set the terms still A owes B money , and A can't be the world leader. An assumption does not break the conclusion but a negation of the assumption does.

Correct me if I am wrong. :)

:-D
Manager
Manager
avatar
Joined: 21 Aug 2012
Posts: 127
Re: Aristotle CR. Economic considerations colour every aspect of  [#permalink]

Show Tags

New post 24 Aug 2013, 08:55
pqhai wrote:
swati007 wrote:
Doubt: Why is D wrong? What exactly does C mean by another action set?


Hi Swaiti007

This question is about "supporter assumption".

The stimulus says:
Fact: Lender sets the terms of its dealings with a nation who wants to borrow money
Conclusion: a nation that borrows money from another nation cannot be world leader

You can see the flow: Lender sets terms of borrowing to A nation who wants to borrow ==> This nation cannot be World leader.
The assumption should connect "terms of borrowing" to "world leader".
The assumption should be: Any nation who has terms of borrowing that are set by another nation ==> cannot be world leader

C says: A nation that has the terms of its dealings with another action set by that nation cannot be a world leader.
It means: X, who has the terms of X's dealing with Y set by Y, cannot be a world leader
Hence, C is correct.

D is wrong because It's simply a reverse answer. D says: X is world leader because Y does not set terms of dealing with X. But the real assumption is: X has terms of dealing that are set by Y ==> X is not world leader.

Hope it helps.


H pqhai,

Thanks for the explanation...!! :)

Can you help me why B is incorrect??
_________________

MODULUS Concept ---> http://gmatclub.com/forum/inequalities-158054.html#p1257636
HEXAGON Theory ---> http://gmatclub.com/forum/hexagon-theory-tips-to-solve-any-heaxgon-question-158189.html#p1258308

Manager
Manager
avatar
Joined: 06 Jun 2012
Posts: 135
GMAT ToolKit User
Re: Aristotle CR. Economic considerations colour every aspect of  [#permalink]

Show Tags

New post 26 Aug 2013, 03:57
Hi jaituteja,

B cannot be correct due to the use of word "Certain"
" A nation that can set the terms of its dealings with other nations is certain to be a world leader."
The stem says that the nation cannot be a world leader if the nation it borrows from sets the rules. But it doesn't say that the nation which sets the rule will certainly be a world leader.
Hope it helps
_________________

Please give Kudos if you like the post

1 KUDOS received
Director
Director
User avatar
Status: Everyone is a leader. Just stop listening to others.
Joined: 22 Mar 2013
Posts: 877
Location: India
GPA: 3.51
WE: Information Technology (Computer Software)
Premium Member Reviews Badge
Re: Aristotle CR. Economic considerations colour every aspect of  [#permalink]

Show Tags

New post 18 Apr 2014, 01:37
1
In C term action is a typo... following is a copy from other source.

Economic considerations colour every aspect of international dealings, and nations are just like individuals in that the lender sets the terms of its dealings with the borrower. That is why a nation that owes money to another nation cannot be world leader.
The reasoning in the passage assumes which one of the following?
(A) A nation that does not lend to any other nation cannot be a world leader.
(B) A nation that can set the terms of its dealings with other nations is certain to be a world leader.
(C) A nation that has the terms of its dealings with another nation set by that nation cannot be a world leader.
(D) A nation that is a world leader can borrow from another nation as long as that other nation does not set the terms of the dealings between the two nations.
(E) A nation that has no dealings with any other nation cannot be world leader.
_________________

Piyush K
-----------------------
Our greatest weakness lies in giving up. The most certain way to succeed is to try just one more time. ― Thomas A. Edison
Don't forget to press--> Kudos :)
My Articles: 1. WOULD: when to use? | 2. All GMATPrep RCs (New)
Tip: Before exam a week earlier don't forget to exhaust all gmatprep problems specially for "sentence correction".

Intern
Intern
avatar
Joined: 06 Aug 2014
Posts: 1
Re: Economic considerations color every aspect of international  [#permalink]

Show Tags

New post 28 Oct 2015, 04:22
I just want to ask why it can not be D. I also narrowed it down to C and D, but I found that the premise says that lender sets dealings for their borrower. So I thought that the assumption should be D.
Re: Economic considerations color every aspect of international &nbs [#permalink] 28 Oct 2015, 04:22

Go to page    1   2    Next  [ 27 posts ] 

Display posts from previous: Sort by

Economic considerations color every aspect of international

  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®.