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

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Last year, the government of country A imposed large tariffs on steel  [#permalink]

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Updated on: 05 Nov 2018, 03:07
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Difficulty:

95% (hard)

Question Stats:

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

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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.

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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.
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Re: Last year, the government of country A imposed large tariffs on steel  [#permalink]

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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
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Re: Last year, the government of country A imposed large tariffs on steel  [#permalink]

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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
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Re: Last year, the government of country A imposed large tariffs on steel  [#permalink]

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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?
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Re: Last year, the government of country A imposed large tariffs on steel  [#permalink]

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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.
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Re: Last year, the government of country A imposed large tariffs on steel  [#permalink]

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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 (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
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Re: Last year, the government of country A imposed large tariffs on steel &nbs [#permalink] 12 Nov 2018, 22:17
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