The argument has two premises and one conclusion:
Premise 1: You should never make an effort to acquire expensive new tastes, since they are a drain on your purse
Premise 2: In the course of acquiring expensive new tastes, you may expose yourself to sensations that are obnoxious to you
Conclusion: The very effort that must be expended in their acquisition attests their superfluity
Let’s look at each answer choice and see if it matches the flaw in the argument:
(A) draws a conclusion that simply restates a claim presented in support of that conclusion
This answer choice is incorrect, because the conclusion does not restate any of the premises. The conclusion makes a new claim about the superfluity of expensive tastes, which is not mentioned in the premises.
(B) takes for granted that the acquisition of expensive tastes will lead to financial irresponsibility
This answer choice is incorrect, because the argument does not assume that acquiring expensive tastes will lead to financial irresponsibility. The argument only claims that expensive tastes are a drain on your purse, which is a different concept from financial irresponsibility.
(C) uses the inherently vague term “sensations” without providing a definition of that term
This answer choice is incorrect, because the vagueness of the term “sensations” is not relevant to the flaw in the argument. The argument does not depend on the definition of “sensations”, but on the claim that they are obnoxious to you. Even if the term “sensations” was defined more clearly, it would not affect the validity of the argument.
(D) mistakes a cause of acquisition of expensive tastes for an effect of acquisition of such tastes
This answer choice is incorrect, because the argument does not confuse a cause and an effect. The argument does not claim that the effort to acquire expensive tastes is caused by or causes anything else. It only claims that the effort indicates their superfluity.
(E) rejects trying to achieve a goal because of the cost of achieving it, without considering the benefits of achieving it
This answer choice is correct, because it identifies the flaw in the argument. The argument rejects acquiring expensive tastes based on their cost and potential negative consequences, but it does not consider any possible benefits or reasons for acquiring them. The argument assumes that expensive tastes have no value or purpose, which is a questionable assumption that weakens the argument. Therefore, the correct answer is (E).