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29 Sep 2007, 23:06
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Lawmaker: Raising taxes is not the only means of reducing government
debt. The government’s stockpile of helium is worth 25 percent more, at current market prices, than the debt accumulated in acquiring and storing it. Therefore, by selling the helium, the government can not only pay off that debt but reduce its overall debt as well.
Which of the following is an assumption on which the argument depends?
A. The government has no current need for helium.
B. Twenty-five percent of the debt the government has accumulated in
Stockpiling helium is not an insignificant portion of the government’s Total debt.
C. It is not in the lawmaker’s interest to advocate raising taxes as a Means of reducing government debt.
D. Attempts to sell the government’s helium will not depress the market
Price of helium by more than 25 percent.
E. The government will not incur any costs in closing its facilities for
stockpiling helium.
Debated over A & D finally picked A.....views please????
debt. The government’s stockpile of helium is worth 25 percent more, at current market prices, than the debt accumulated in acquiring and storing it. Therefore, by selling the helium, the government can not only pay off that debt but reduce its overall debt as well.
Which of the following is an assumption on which the argument depends?
A. The government has no current need for helium.
B. Twenty-five percent of the debt the government has accumulated in
Stockpiling helium is not an insignificant portion of the government’s Total debt.
C. It is not in the lawmaker’s interest to advocate raising taxes as a Means of reducing government debt.
D. Attempts to sell the government’s helium will not depress the market
Price of helium by more than 25 percent.
E. The government will not incur any costs in closing its facilities for
stockpiling helium.
Debated over A & D finally picked A.....views please????
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29 Sep 2007, 23:18
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singh_amit19
I pick D.
Although A was very tempting. I avoided it though b/c it just seemed too easy. I still don't quite understand why A is wrong (perhaps they have no use, but they are purchasing it so an enemy that has a use for the helium can't have it), but D is a much better answer.
If prices DID fall below 25% of the current value then no money would be made. This falls closer in line with the premises given. If this were true, then the argument would crumble.
30 Sep 2007, 00:48
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For choice A, replace the gov't with an investor. An investor buys/sells stocks to make money, which has nothing to do with need.
IMO, choice D is correct because the statement is self explanatory.
IMO, choice D is correct because the statement is self explanatory.
