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Economist: Monterrey Capital, which constantly seeks profitable invest

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GMAT 1: 700 Q49 V36
Economist: Monterrey Capital, which constantly seeks profitable invest  [#permalink]

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New post 21 Mar 2019, 10:42
1
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A
B
C
D
E

Difficulty:

  45% (medium)

Question Stats:

66% (02:27) correct 34% (02:35) wrong based on 82 sessions

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Economist: Monterrey Capital, which constantly seeks profitable investment opportunities, has been buying and converting grasslands for corn ethanol bioenergy production, although the process of tilling new soil produces a one-off release of greenhouse gases that can take decades or centuries of ethanol corn production to offset. Still, the company has not gone into building fossil fuel power plants, even though greater profits can be made from fossil fuel energy. Thus, some environmentalists conclude that Monterrey has not acted wholly out of economic self-interest. However, these environmentalists are probably wrong. The initial investment required for a successful fossil fuel power plant operation is larger than that needed for corn ethanol production. Furthermore, there are new government regulations that increase taxes on fossil fuel power plants while providing subsidies for ethanol bioenergy production.

(A) The first supports the conclusion of the economist's argument; the second calls that conclusion into question.

(B) The first states the conclusion of the economist's argument; the second supports that conclusion.

(C) The first supports the environmentalists' conclusion; the second states that conclusion.

(D) The first states the environmentalists' conclusion; the second states the conclusion of the economist's argument.

(E) Each supports the conclusion of the economist's argument.
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Re: Economist: Monterrey Capital, which constantly seeks profitable invest  [#permalink]

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New post 03 Apr 2019, 23:43
answer is C.

Conclusion from environmentalist: Thus, some environmentalists conclude that Monterrey has not acted wholly out of economic self-interest
Evidence support the environmentalist conclusion: Monterrey Capital, which constantly seeks profitable investment opportunities, has been buying and converting grasslands for corn ethanol bioenergy production, although the process of tilling new soil produces a one-off release of greenhouse gases that can take decades or centuries of ethanol corn production to offset. Still, the company has not gone into building fossil fuel power plants, even though greater profits can be made from fossil fuel energy
the conclusion from the economist: However, these environmentalists are probably wrong
evidence for the economist' conclusion: The initial investment required for a successful fossil fuel power plant operation is larger than that needed for corn ethanol production. Furthermore, there are new government regulations that increase taxes on fossil fuel power plants while providing subsidies for ethanol bioenergy production.

check through the answers:

answer A : incorrect. the BF1 supports the conclusion that the economist opposes
answer B: incorrect. similar like to answer A, BF2 is the conclusion that the environmentalist cites while BF1 is the evidence.
answer C: correct.
answer D: incorrect
answer E: incorrect
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Re: Economist: Monterrey Capital, which constantly seeks profitable invest   [#permalink] 03 Apr 2019, 23:43
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Economist: Monterrey Capital, which constantly seeks profitable invest

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