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Economists have found that every time a regulatory restriction on the

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Economists have found that every time a regulatory restriction on the  [#permalink]

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New post 13 Mar 2018, 00:57
1
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A
B
C
D
E

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  45% (medium)

Question Stats:

69% (01:58) correct 31% (01:44) wrong based on 116 sessions

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Economists have found that every time a regulatory restriction on the price of dairy products was abolished in a certain country, the food engineering expenses of dairy product manufacturers in that country increased and a wider range of products was produced. It was also established that, in general, dairy companies in countries which do not restrict the price of dairy products spent more on their food engineering divisions than did such companies in countries which do have price restrictions. Nevertheless, if the restrictions are canceled, dairy products manufacturers will charge higher prices for their produce.

In the argument above, the two portions in boldface play which of the following roles?


A) The first is an assumption supporting the economists' position; The second is the conclusion which arises from the argument

B) The first is a prediction regarding a future development; The second is the evidence which proves the point made by the economist in this argument

C) The first is a pattern of cause and effect that the economist suggests will reoccur The second is contradicting evidence showing why it will not

D) The first is a pattern of cause and effect that the economist suggests will reoccur The second also describes a pattern of cause and effect that follows from the same cause

E) The first is a generalization made by the economist supporting the point of the argument; the second is an exception to the first.
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Re: Economists have found that every time a regulatory restriction on the  [#permalink]

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New post 13 Mar 2018, 03:23
Firstly, eliminate A and B because the 1st BF is neither an assumption nor a prediction. It is something that had already happened...."Evidence" probably. Lets scan C D E...looks fine.
Move to 2nd BF and how is it related to BF1? --> In-line , (not contradicting for sure)---> Eliminate E & C.

Definitely D.
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Re: Economists have found that every time a regulatory restriction on the  [#permalink]

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New post 13 Mar 2018, 12:41
Economists have found that every time a regulatory restriction on the price of dairy products was abolished in a certain country, the food engineering expenses of dairy product manufacturers in that country increased and a wider range of products was produced. It was also established that, in general, dairy companies in countries which do not restrict the price of dairy products spent more on their food engineering divisions than did such companies in countries which do have price restrictions. Nevertheless, if the restrictions are canceled, dairy products manufacturers will charge higher prices for their produce.

In the argument above, the two portions in boldface play which of the following roles?

A) The first is an assumption supporting the economists' position; The second is the conclusion which arises from the argument
B) The first is a prediction regarding a future development; The second is the evidence which proves the point made by the economist in this argument
C) The first is a pattern of cause and effect that the economist suggests will reoccur The second is contradicting evidence showing why it will not
D) The first is a pattern of cause and effect that the economist suggests will reoccur The second also describes a pattern of cause and effect that follows from the same cause
E) The first is a generalization made by the economist supporting the point of the argument; the second is an exception to the first.

I would also go with D. If we check for the first part - cause and effect we find the abolition of price restrictions on dairy products as the cause and the increase in food engineering expenses as the effect. If we check for the second part: Cancellation of restrictions is the same cause as in the first part while the increase in price is the effect resulting from the cause. Additionally, the second cause is different from the first cause but follows the same pattern. Therefore, D) is correct.
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Re: Economists have found that every time a regulatory restriction on the &nbs [#permalink] 13 Mar 2018, 12:41
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