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# Editorial in Krenlandian Newspaper: Krenland s steelmakers

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Manager
Joined: 16 Oct 2006
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Editorial in Krenlandian Newspaper: Krenland s steelmakers [#permalink]

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02 Nov 2006, 21:23
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Editorial in Krenlandian Newspaper:

Krenlandâ€™s steelmakers are losing domestic sales because of lower-priced imports, in many cases because foreign governments subsidize their steel industries in ways that are banned by international treaties. But whatever the cause, the cost is ultimately going to be jobs in Krenlandâ€™s steel industry. Therefore, it would protect not only steel companies but also industrial employment in Krenland if our government took measures to reduce cheap steel imports.

Which of the following, if true, most seriously weakens the editorialâ€™s argument?

A. Because steel from Krenland is rarely competitive in international markets, only a very small portion of Krenlandian steelmakersâ€™ revenue comes from exports.
B. The international treaties that some governments are violating by giving subsidies to steelmakers do not specify any penalties for such violations.
C. For many Krenlandian manufacturers who face severe international competition in both domestic and export markets, steel constitutes a significant part of their raw material costs.
D. Because of advances in order-taking, shipping, and inventory systems, the cost of shipping steel from foreign producers to Krenland has fallen considerably in recent years.
E. Wages paid to workers in the steel industry in Krenland differ significantly from wages paid to workers in many of the countries that export steel to Krenland.

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Senior Manager
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02 Nov 2006, 21:56
C looks ok....if the imports are banned then raw material cost will increase, so it will be damaging to the steel industry

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Director
Joined: 24 Aug 2006
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02 Nov 2006, 22:33
C
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"Education is what remains when one has forgotten everything he learned in school."

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VP
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03 Nov 2006, 15:36

IF government doesnt allow cheap stell imports, then its companies will suffer in international markets, and domestic market due to their cost uncompetitiveness
_________________

The path is long, but self-surrender makes it short;
the way is difficult, but perfect trust makes it easy.

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Senior Manager
Joined: 19 Jul 2006
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03 Nov 2006, 15:42
C

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Manager
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03 Nov 2006, 21:03
C for me 2

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Director
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03 Nov 2006, 22:37

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Senior Manager
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03 Nov 2006, 23:43
agree C

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Manager
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04 Nov 2006, 11:27
C from me too.

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Senior Manager
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06 Nov 2006, 23:29
With C gang!

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GMAT Club Legend
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07 Nov 2006, 01:48
C it is. Barring entry of lower cost steel will mean an increase in price of the raw materials for the Krenlandian manufacturers.

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07 Nov 2006, 01:48
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# Editorial in Krenlandian Newspaper: Krenland s steelmakers

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