GMATNinja ammuseeru VeritasKarishma generis nightblade354Is my arguments understanding and PoE correct?
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Which of the following is an assumption on which the argument depends?
So, what must be true for my conclusion to be valid?
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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.
Start with the conclusion:
Govt can pay off its debt and also reduce it by selling helium (to market)
Logic:
Current stock of helium is 25% more than the debt accumulated in acquiring and storing it
So if we sell EXCESS helium, we can pay off past debt
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A. The government has no current need for helium.
Irrelevant to conclusion
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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.
Though I fell for this, I have different reasons to eliminate it than above.
This talks about 25% of debt and arguments talks about 25% of stock of Helium. Can I reject on
the grounds that both are talking about different subjects?
The usage of double negatives in (B) by few members seems to be nightmare.
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C. It is not in the lawmaker’s interest to advocate raising taxes as a Means of reducing government debt.
Who cares what is in lawyer's interest, out of scope.
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D. Attempts to sell the government’s helium will not depress the market Price of helium by more than 25 percent.
If I negate this, I arrive at
Attempts to sell the government’s helium will depress the market Price of helium by more than 25 percent.
Hmm.. so helium market prices are down than earlier. Then does it mean that people will reduce buying helium?
Does not usually a reduction in price increase in demand of goods?
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E. The government will not incur any costs in closing its facilities for stockpiling helium.
costs for shutting down storage houses for helium are irrelevant to the argument.
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