GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 17 Nov 2018, 07:17

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel
Events & Promotions in November
PrevNext
SuMoTuWeThFrSa
28293031123
45678910
11121314151617
18192021222324
2526272829301
Open Detailed Calendar
  • FREE Quant Workshop by e-GMAT!

     November 18, 2018

     November 18, 2018

     07:00 AM PST

     09:00 AM PST

    Get personalized insights on how to achieve your Target Quant Score. November 18th, 7 AM PST
  • How to QUICKLY Solve GMAT Questions - GMAT Club Chat

     November 20, 2018

     November 20, 2018

     09:00 AM PST

     10:00 AM PST

    The reward for signing up with the registration form and attending the chat is: 6 free examPAL quizzes to practice your new skills after the chat.

Last year, the government of country A imposed large tariffs on steel

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Board of Directors
User avatar
P
Joined: 01 Sep 2010
Posts: 3306
Last year, the government of country A imposed large tariffs on steel  [#permalink]

Show Tags

New post Updated on: 05 Nov 2018, 03:07
Top Contributor
10
00:00
A
B
C
D
E

Difficulty:

  95% (hard)

Question Stats:

34% (01:37) correct 66% (01:31) wrong based on 395 sessions

HideShow timer Statistics

Last year, the government of country A imposed large tariffs on steel imports in an effort to aid its domestic steel industry. Many domestic steel producers enjoyed record profits as a result, as foreign steel producers were in many cases unable to compete effectively under the burden of the newly imposed tariffs.

Which of the following conclusions is best supported by the passage?


(A) Not all steel producers were unaffected by country A’s newly imposed tariffs.

(B) Some foreign steel producers were able to compete effectively in country A even after the new tariffs were imposed.

(C) After the new tariffs were imposed, most foreign steel producers were unable to compete effectively with country A’s domestic steel producers.

(D) Most domestic steel producers were able to increase their profits after the new tariffs were imposed.

(E) If a government intends to protect a domestic industry, the imposition of tariffs on imports is generally an effective approach.

_________________

COLLECTION OF QUESTIONS AND RESOURCES
Quant: 1. ALL GMATPrep questions Quant/Verbal 2. Bunuel Signature Collection - The Next Generation 3. Bunuel Signature Collection ALL-IN-ONE WITH SOLUTIONS 4. Veritas Prep Blog PDF Version 5. MGMAT Study Hall Thursdays with Ron Quant Videos
Verbal:1. Verbal question bank and directories by Carcass 2. MGMAT Study Hall Thursdays with Ron Verbal Videos 3. Critical Reasoning_Oldy but goldy question banks 4. Sentence Correction_Oldy but goldy question banks 5. Reading-comprehension_Oldy but goldy question banks


Originally posted by carcass on 08 Dec 2017, 01:33.
Last edited by Bunuel on 05 Nov 2018, 03:07, edited 1 time in total.
Renamed the topic and edited the question.
Director
Director
User avatar
P
Joined: 09 Mar 2017
Posts: 516
Location: India
Concentration: Marketing, Organizational Behavior
WE: Information Technology (Computer Software)
CAT Tests
Re: Last year, the government of country A imposed large tariffs on steel  [#permalink]

Show Tags

New post 08 Dec 2017, 02:52
Last year, the government of country A imposed large tariffs on steel imports in an effort to aid its domestic steel industry. Many domestic steel producers enjoyed record profits as a result, as foreign steel producers were in many cases unable to compete effectively under the burden of the newly imposed tariffs.

Which of the following conclusions is best supported by the passage?

(A) Not all steel producers were unaffected by country A’s newly imposed tariffs. - Correct- few were affected

(B) Some foreign steel producers were able to compete effectively in country A even after the new tariffs were imposed. - nowhere mentioned


(C) After the new tariffs were imposed, most foreign steel producers were unable to compete effectively with country A’s domestic steel producers. - nowhere mentioned

(D) Most domestic steel producers were able to increase their profits after the new tariffs were imposed. - premise says the companies recorded profits , did not mention increase in profits

(E) If a government intends to protect a domestic industry, the imposition of tariffs on imports is generally an effective approach.- Can not generalize based on one case

I will go with A
_________________

------------------------------
"Trust the timing of your life"
Hit Kudus if this has helped you get closer to your goal, and also to assist others save time. Tq :)

Intern
Intern
avatar
B
Joined: 18 Jan 2017
Posts: 33
Re: Last year, the government of country A imposed large tariffs on steel  [#permalink]

Show Tags

New post 19 Dec 2017, 14:36
1
carcass wrote:
Last year, the government of country A imposed large tariffs on steel imports in an effort to aid its domestic steel industry. Many domestic steel producers enjoyed record profits as a result, as foreign steel producers were in many cases unable to compete effectively under the burden of the newly imposed tariffs.

Which of the following conclusions is best supported by the passage?

(A) Not all steel producers were unaffected by country A’s newly imposed tariffs.

(B) Some foreign steel producers were able to compete effectively in country A even after the new tariffs were imposed.

(C) After the new tariffs were imposed, most foreign steel producers were unable to compete effectively with country A’s domestic steel producers.

(D) Most domestic steel producers were able to increase their profits after the new tariffs were imposed.

(E) If a government intends to protect a domestic industry, the imposition of tariffs on imports is generally an effective approach.


Summary of statement: Country A's gov't imposed tariffs on steel imports to help domestic steel industry. Many domestic steel producers benefited and in most cases, foreign steel companies could not compete.

(A) Not all steel producers were unaffected by country A’s newly imposed tariffs. Keep! This is exactly what the passage is saying

(B) Some foreign steel producers were able to compete effectively in country A even after the new tariffs were imposed. eliminate because it leaves the statement to open ended. What does some refer to? Clearer wording can be found in statement A

(C) After the new tariffs were imposed, most foreign steel producers were unable to compete effectively with country A’s domestic steel producers. eliminate-most is too extreme

(D) Most domestic steel producers were able to increase their profits after the new tariffs were imposed. eliminate-most is too extreme

(E) If a government intends to protect a domestic industry, the imposition of tariffs on imports is generally an effective approach. eliminate because it is using a generalization to apply to this situation
Senior Manager
Senior Manager
User avatar
P
Joined: 23 Jun 2012
Posts: 385
Location: Pakistan
Concentration: Strategy, International Business
GPA: 3.76
GMAT ToolKit User Reviews Badge CAT Tests
Re: Last year, the government of country A imposed large tariffs on steel  [#permalink]

Show Tags

New post 21 Dec 2017, 09:38
1
A says not all steel producers were unaffected...now logical opposite of not all is Some, it means some steel producers were unaffected.
now coming to argument, it says many domestic producers were affected it means it could be 50 out of hundred, 45 out of hundred or 70 out of hundred....it means some were u affected and this is what A says. on the other hand, b and c talks about foreign producers. we know that many were not able to compete but either there are some who effectively compete or not?
_________________

Push yourself again and again. Don't give an inch until the final buzzer sounds. -Larry Bird
Success isn't something that just happens - success is learned, success is practiced and then it is shared. -Sparky Anderson
-S

Manager
Manager
User avatar
B
Joined: 29 Dec 2013
Posts: 52
GMAT 1: 770 Q48 V51
Re: Last year, the government of country A imposed large tariffs on steel  [#permalink]

Show Tags

New post 05 Jun 2018, 12:58
3
Hi all,

SajjitaKundu HarryAxel vka07 harsha3699 mdacosta Let me see if I can help.

This is a nit-picky inference (must be true) question. The golden rules of GMAT inference: infer nothing. Haha. But really, use only the information we have and stick to that information closely. If an answer choice seems to repeat and/or restate information we already know is true, that's a good thing.

Here it sounds like the double negative in A is getting everyone turned around.
If I said, "Not all students are unmotivated to study for the GMAT", how would you simplify/translate that sentence?

Really - simplify it for yourself before you keep reading my explanation.

"Not all students are unmotivated" translates as "there is at least one student who is motivated".

So here, "not all steel producers are unaffected" translates as "there is at least one steel producer who is affected."
And we know for sure that's true - we know there are "many cases" of foreign steel manufacturers being unable to compete now given the tariffs. So actually, A is an understatement, and that is fine with us. It is a super-safe choice.

As several of you have pointed out, B is worth considering. But there is one word that makes it risky ... "some".
B says "Some foreign steel producers were able to compete effectively." Hmm, do we know that for sure?
We know that there are "many cases" of foreign steel producers NOT competing effectively. The issue is that we don't know exactly how big "many" is compared to the number of foreign steel producers. It's possible that the "many" here represents ALL BUT ONE of the foreign steel producers, so then there would only be ONE foreign steel producer that was able to compete effectively.

I can picture you rolling your eyes now. But keep in mind that a GMAT inference question is asking you for the safest, most conservative answer of the five given.

Let me know if this helps, please.
_________________

Professional GMAT Coach with students on 6 continents

New: I've recently launched Bright Outlook Global Prep, helping candidates achieve their higher education goals. We offer classes and private consultation, online and in our Berlin base. Let's get to work!

Personal 99th percentile score (770), including V51. Based in Berlin and previously in Paris, ich spreche auch deutsch/je parle aussi français.
With five years' experience, I am expert in coaching non-native speakers to outstanding performance.

SVP
SVP
User avatar
V
Status: Preparing GMAT
Joined: 02 Nov 2016
Posts: 1813
Location: Pakistan
GPA: 3.39
Premium Member CAT Tests
Re: Last year, the government of country A imposed large tariffs on steel  [#permalink]

Show Tags

New post 12 Nov 2018, 22:17
carcass wrote:
Last year, the government of country A imposed large tariffs on steel imports in an effort to aid its domestic steel industry. Many domestic steel producers enjoyed record profits as a result, as foreign steel producers were in many cases unable to compete effectively under the burden of the newly imposed tariffs.

Which of the following conclusions is best supported by the passage?


(A) Not all steel producers were unaffected by country A’s newly imposed tariffs.

(B) Some foreign steel producers were able to compete effectively in country A even after the new tariffs were imposed.

(C) After the new tariffs were imposed, most foreign steel producers were unable to compete effectively with country A’s domestic steel producers.

(D) Most domestic steel producers were able to increase their profits after the new tariffs were imposed.

(E) If a government intends to protect a domestic industry, the imposition of tariffs on imports is generally an effective approach.


Difficulty Level: 750

Official Explanation

This stimulus presents a fairly straightforward scenario: the tariffs imposed on steel imports by the government of country A have helped domestic steel producers become more competitive and make record profits, because in most cases foreign producers were unable to compete under the new tariffs. Note that there is no conclusion present, and so this is a fact set, not an argument.

Answer choice (A): This is the correct answer. Since we know that domestic steel producers benefited positively from the tariffs, and foreign steel producers were affected negatively, it must be true that not all steel producers were unaffected. Worded another way, answer choice A states “some steel producers were affected by…[the] tariffs.” As an aside, if, upon reading (A), you determined this was a strong answer, should you have simply selected it and skipped reading the remaining answers? No, because perhaps you misread (A), or perhaps there is a better answer among the remaining choices. The only reason not to read the remaining choices would be if you were just about out of time.

Answer choice (B): The stimulus tells us that “foreign steel producers were in many cases unable to compete effectively under the burden of the newly imposed tariffs.” This does not imply that some foreign steel producers were able to compete effectively. Be careful not to assume that “some could compete” just because you are not explicitly told “all could not compete.” Although this answer choice Could Be True, it does not have to be true.

Answer choice (C): Again, we know that in many cases foreign steel producers could not compete effectively, but we cannot know anything about the percentage of foreign steel producers that could not compete effectively. Again, this answer choice Could Be True, but it does not have to be true.

Answer choice (D): The stimulus states that “many” domestic steel producers enjoyed record profits, but “many” does not necessarily equal “most” (or “majority”). Logically speaking, “many” simply means “some,” unless you have further information about the overall number under discussion (more on this in Chapter Twelve).

Answer choice (E): This answer choice is much too broad in scope to be completely supported by the information in the stimulus. We know that in country A these particular tariffs helped to aid the domestic steel industry, but that is not sufficient evidence to prove that tariffs are “generally an effective approach” to protecting any domestic industry in any country.

Hope it Help
_________________

Official PS Practice Questions
Press +1 Kudos if this post is helpful

GMAT Club Bot
Re: Last year, the government of country A imposed large tariffs on steel &nbs [#permalink] 12 Nov 2018, 22:17
Display posts from previous: Sort by

Last year, the government of country A imposed large tariffs on steel

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.