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# In the Wealth of Nations (1776), Scottish economist Adam Smith...

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26 Jul 2016, 02:43
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[Reveal] Spoiler:
C

[Reveal] Spoiler:
E

[Reveal] Spoiler:
D

Last edited by DensetsuNo on 28 Jul 2016, 01:53, edited 1 time in total.

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Re: In the Wealth of Nations (1776), Scottish economist Adam Smith... [#permalink]

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28 Jul 2016, 01:33
i think it is C
this is short and hard passage. I like to read this type of passage . but I dont see many passage of this type.
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Re: In the Wealth of Nations (1776), Scottish economist Adam Smith... [#permalink]

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28 Jul 2016, 01:51
thangvietnam wrote:
i think it is C
this is short and hard passage. I like to read this type of passage . but I don't see many passage of this type.

I added two additional questions from this stem to the first post. $$;)$$

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Re: In the Wealth of Nations (1776), Scottish economist Adam Smith... [#permalink]

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28 Jul 2016, 12:17
Just wondering, were you scoring around 700+ when you saw these questions? Thought passage was somewhat easier.

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Re: In the Wealth of Nations (1776), Scottish economist Adam Smith... [#permalink]

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28 Jul 2016, 12:55
bballallstar6464 wrote:
Just wondering, were you scoring around 700+ when you saw these questions? Thought passage was somewhat easier.

It's hard to say what the score was halfway through the simulation, but yeah from the final score they should be in the lower end of the 700s.

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Re: In the Wealth of Nations (1776), Scottish economist Adam Smith... [#permalink]

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28 Jul 2016, 15:53
Amazing passage DensetsuNo

Thumbs up to you
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I welcome critical analysis of my post!! That will help me reach 700+

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29 Jul 2016, 15:54
Amazing passage DensetsuNo

Thumbs up to you

Divyadisha thanks, happy you liked it $$:)$$

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Re: In the Wealth of Nations (1776), Scottish economist Adam Smith... [#permalink]

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04 Sep 2016, 05:00
Took 7 mins, 30 seconds. Question is definitely in the 720+ range.

B E D was my answer . Got the first one incorrect .

Thanks for this passage.

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09 Oct 2016, 14:55
DensetsuNo I got 2/3 correct. I was down to option C and option E and picked up on the wrong one.

Can you throw light on the correctness of option C in Q1.

Thank You.

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23 Oct 2016, 05:01
Can some explain for above RC

For Q3: Primary purpose
Please explain why A or B is incorrect and D is the right answer.
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Re: In the Wealth of Nations (1776), Scottish economist Adam Smith... [#permalink]

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24 Oct 2016, 00:17
Tough Passage. Can someone please provide the proper reasoning for all the questions?
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31 Oct 2016, 03:18
3/3 , 1.45 minute / question.
I find RC quite easy when I make practice; yet, in the CAT simulations I struggle a lot (e.g, in the last one I got half wrong). I think mine is a stamina issue.
The only way is to keep training :D
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Re: In the Wealth of Nations (1776), Scottish economist Adam Smith... [#permalink]

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02 Nov 2016, 23:06
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3
This post was
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let us read the passage -
sentence 1 talks about Adam Smith's assertion that propensity to truck, barter and trade was foundation of commerce and driven by human desire. The 2nd sentence expands on the first by stating that Smith's views have had tremendous impact on how business relations have been perceived.
the 3rd sentence explains the impact - it is typically assumed that business relations discouraged cooperation.
Note the usage of the word 'typically'. It is an indication that the author will disagree with the statement.

Para 2 - Note the usage of the word 'however'. the author disagrees with the last statement in paragraph 1. the rest of the paragraph then expands on this.

The last sentence - 'As a result, buying and selling, far from breaking up communities actually created numerous bonds that held villages together' - is the conclusion.

Question 3.
A - there is no mention of any 'theory of human nature'. the passage criticizes some 'assumptions held on the impact of the development of business relations'.
B - there is no mention of 'modern theories of economic history'.
C - there is no timeline/chronicle. Also, the main idea of the passage is not about the history of the use of credit in business transactions.
D - correct answer. "accepted ideas" = "typically assumed".
E - the second paragraph states exactly the opposite.

Question 1
Let us read the first two sentences.
A - "lend authority to the argument" - the author does not mention any argument besides that of Smith. Nor is the first sentence supporting any argument.
B - no mention of "human relationships". the passage states that the highlighted text is a given quality of human nature.
the passage does not talk about "essential qualities" only about A "given nature"
D - "everyday speech" is not mentioned in the first paragraph.
E - Not mentioned in the first paragraph.

Question 2
"however, such a view fails to account for the language that people in early england used to articulate their understanding of business relations".
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Re: In the Wealth of Nations (1776), Scottish economist Adam Smith... [#permalink]

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10 Sep 2017, 12:45
@Gmatninja, Experts,

Why is C incorrect ?

and why is E correct ?
Is E a DOUBLE TRICK answer choice as when i read it i could trace it back to the 1st line of para 2 but i thought that its not referring to the "language used" in literal sense and in figurative sense.

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Re: In the Wealth of Nations (1776), Scottish economist Adam Smith... [#permalink]

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26 Sep 2017, 08:50
kunal1608 wrote:

Why is C incorrect ?

and why is E correct ?
Is E a DOUBLE TRICK answer choice as when i read it i could trace it back to the 1st line of para 2 but i thought that its not referring to the "language used" in literal sense and in figurative sense.

The passage suggests that historians influenced by Adam Smith believe that the development of business relations weakened the spirit of cooperation that characterized village communities, but it does not suggest that those historians failed to examine the IMPORTANCE of those village communities in determining the economic well being of a larger society. That's why (C) doesn't work.

Choice (E) is not a trick answer (and in general, dismissing anything as a "trick answer" or "trick question" is very unlikely to help you develop a deeper understanding of the GMAT). The first sentence of the second paragraph tells us that those historians failed to account for the language that people in early modern England used to articulate (i.e. communicate) their understanding of business relations. We can infer that the actual language used by people in the villages to refer to their business dealings would be encompassed by this general statement about the language. Thus, choice (E) is the best answer.

I hope this helps!
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Re: In the Wealth of Nations (1776), Scottish economist Adam Smith... [#permalink]

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26 Sep 2017, 10:00
GMATNinja wrote:
kunal1608 wrote:

Choice (E) is not a trick answer (and in general, dismissing anything as a "trick answer" or "trick question" is very unlikely to help you develop a deeper understanding of the GMAT).

I hope this helps!

Thankyou

I guess this is one of those “finding the detail” type question.

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30 Sep 2017, 04:57
GMATNinja

Thanks for ur explanation!! I am having a problem marking off A.

End of first paragraph states that " development of business relations has caused has weakened the spirit of cooperation......counter to community interest ".

Taking this into consideration the author mentions his views and in the second paragraph (second line) states that "most business transactions were .........villages together".

Do these lines not account for option A.

Could u please give ur perspective on this.

Thanks.

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