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18 Jul 2024, 10:52
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Bunuel
(A) Regions without a high density of tech companies will benefit from similar economic stimulation if tech companies are introduced there.
- This seems plausible but is not necessarily guaranteed by the provided information. The report does not explicitly state that the same effect will occur in all regions without high tech company density.
(B) Incentives to attract tech companies to economically depressed regions will significantly lower the unemployment rates in those regions.
- While this seems like a logical step, the report does not provide enough evidence to conclusively state that incentives will significantly lower unemployment rates. It is suggested but not confirmed.
(C) Tech companies tend to create more jobs in regions where they are concentrated due to increased demand for skilled labor and supporting industries.
- This aligns directly with the report's findings. It states that tech companies stimulate local economies by creating a demand for skilled labor and boosting secondary employment. Therefore, this statement must be true based on the provided information.
(D) The overall economy of a region is always improved by the presence of tech companies.
- This is a broad statement and is not necessarily supported by the report. While the presence of tech companies can improve local economies, "always" is too strong a word without further evidence.
(E) Regions that are economically depressed lack the skilled labor necessary to support the influx of tech companies without government incentives.
- This is an assumption that is not explicitly supported by the report. The report suggests that tech companies create a demand for skilled labor, but it does not say that economically depressed regions lack this labor or that incentives are necessary to overcome this lack.
Thus, the statement that must be true based on the report is:
(C) Tech companies tend to create more jobs in regions where they are concentrated due to increased demand for skilled labor and supporting industries.
18 Jul 2024, 10:57
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"....the presence of these tech companies stimulates local economies by creating a high demand for skilled labor, which not only provides jobs within these companies but also boosts secondary employment in supporting industries....."
Presence of the tech companies -> stimulate economy via creation of high demand for labour -> also chains to boosting of secondary employment. Therefore low unemployment where there's higher denisty of tech companies.
So, if government incentives economically depressed region, same trend will occur.
Therefore, Option B -> Incentives to attract tech companies to economically depressed regions will significantly lower the unemployment rates in those regions.
Presence of the tech companies -> stimulate economy via creation of high demand for labour -> also chains to boosting of secondary employment. Therefore low unemployment where there's higher denisty of tech companies.
So, if government incentives economically depressed region, same trend will occur.
Therefore, Option B -> Incentives to attract tech companies to economically depressed regions will significantly lower the unemployment rates in those regions.
18 Jul 2024, 10:58
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We are looking at an inference which can be stated from the argument.
A - Correct. One can infer from the argument that the reason government is considering incentives to attract tech companies in economically depressed regions because they will benefit from similar economic stimulation.
B - Will it significantly lower unemployment rates? That's a big leap in inference that may not be supported by the argument. Eliminate
C - The argument says that tech companies boost secondary employment in supporting industries. It is not sure if it directly provides employment. Eliminate.
D - We do not know if it always improves the overall economy. Eliminate.
E - This cannot be inferred as it might be the case that skilled labor is present but some kind of nudge is required which is provided by government incentives. Eliminate.
Therefore, Option A
A - Correct. One can infer from the argument that the reason government is considering incentives to attract tech companies in economically depressed regions because they will benefit from similar economic stimulation.
B - Will it significantly lower unemployment rates? That's a big leap in inference that may not be supported by the argument. Eliminate
C - The argument says that tech companies boost secondary employment in supporting industries. It is not sure if it directly provides employment. Eliminate.
D - We do not know if it always improves the overall economy. Eliminate.
E - This cannot be inferred as it might be the case that skilled labor is present but some kind of nudge is required which is provided by government incentives. Eliminate.
Therefore, Option A
