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thelastskybender
Joined: 26 Dec 2022
Last visit: 15 Nov 2025
Posts: 132
Own Kudos:
Given Kudos: 50
Location: India
Schools: IIMA '25 (II) INSEAD Aug'24 intake
GMAT 1: 710 Q50 V36
18 Jul 2024, 22:01
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In a recent government report, it was found that regions with a higher density of tech companies tend to have lower unemployment rates. The report suggests that 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. Based on this, the government is considering incentives to attract more tech companies to economically depressed regions.
If the statements above are true, which of the following must be true?
(A) Regions without a high density of tech companies will benefit from similar economic stimulation if tech companies are introduced there.[What if there are other necessary conditions i.e. political support etc?]
(B) Incentives to attract tech companies to economically depressed regions will significantly lower the unemployment rates in those regions. [This modifier "Significantly" bothers me! We can't infer that from the passage]
(C) Tech companies tend to create more jobs in regions where they are concentrated due to increased demand for skilled labor and supporting industries. [mentioned in the argument]
(D) The overall economy of a region is always improved by the presence of tech companies.
(E) Regions that are economically depressed lack the skilled labor necessary to support the influx of tech companies without government incentives
If the statements above are true, which of the following must be true?
(A) Regions without a high density of tech companies will benefit from similar economic stimulation if tech companies are introduced there.[What if there are other necessary conditions i.e. political support etc?]
(B) Incentives to attract tech companies to economically depressed regions will significantly lower the unemployment rates in those regions. [This modifier "Significantly" bothers me! We can't infer that from the passage]
(C) Tech companies tend to create more jobs in regions where they are concentrated due to increased demand for skilled labor and supporting industries. [mentioned in the argument]
(D) The overall economy of a region is always improved by the presence of tech companies.
(E) Regions that are economically depressed lack the skilled labor necessary to support the influx of tech companies without government incentives
18 Jul 2024, 22:15
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(A) Regions without a high density of tech companies will benefit from similar economic stimulation if tech companies are introduced there-- assumes that the tech companies will have the same effect in all regions,that is a inference but not a outcome acc to the information provided.
(B) Incentives to attract tech companies to economically depressed regions will significantly lower the unemployment rates in those regions-- it assumes that the incentives will be effective in attracting tech companies and that the presence of these companies will indeed lower unemployment rates.it is not guaranteed by the provided information.
(C) Tech companies tend to create more jobs in regions where they are concentrated due to increased demand for skilled labor and supporting industries.--It tells the report's findings, that regions with a higher density of tech companies have lower unemployment rates due to the demand for skilled labor and the boost in secondary employment. Correct
(D) The overall economy of a region is always improved by the presence of tech companies--tells us that tech companies stimulate local economies, but it does not guarantee that the overall economy is always improved in every time.
(E) Regions that are economically depressed lack the skilled labor necessary to support the influx of tech companies without government incentives.-- report does not discuss the existing levels of skilled labor in economically depressed regions.
Ans 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.
(B) Incentives to attract tech companies to economically depressed regions will significantly lower the unemployment rates in those regions-- it assumes that the incentives will be effective in attracting tech companies and that the presence of these companies will indeed lower unemployment rates.it is not guaranteed by the provided information.
(C) Tech companies tend to create more jobs in regions where they are concentrated due to increased demand for skilled labor and supporting industries.--It tells the report's findings, that regions with a higher density of tech companies have lower unemployment rates due to the demand for skilled labor and the boost in secondary employment. Correct
(D) The overall economy of a region is always improved by the presence of tech companies--tells us that tech companies stimulate local economies, but it does not guarantee that the overall economy is always improved in every time.
(E) Regions that are economically depressed lack the skilled labor necessary to support the influx of tech companies without government incentives.-- report does not discuss the existing levels of skilled labor in economically depressed regions.
Ans 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, 22:32
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Quote:
(A) Regions without a high density of tech companies will benefit from similar economic stimulation if tech companies are introduced there.
- We only have info about the high density area.
(B) Incentives to attract tech companies to economically depressed regions will significantly lower the unemployment rates in those regions.
- This depends whether the companies which actually go there, and whether there would be a high density of companies.
(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 is a direct paraphrasing of the stem.
(D) The overall economy of a region is always improved by the presence of tech companies.
- This is too generalized.
(E) Regions that are economically depressed lack the skilled labor necessary to support the influx of tech companies without government incentives.
- This is nowhere mentioned in the statement.
