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Most economists in the United States seem captivated by the

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Re: Most economists in the United States seem captivated by the [#permalink]

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New post 01 Aug 2010, 17:33
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New post 23 Jan 2012, 12:34
Got 2 qs wrong.
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New post 25 Jan 2012, 23:38
How do you know if there's no OA ?

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Re: Most economists in the United States seem captivated by the [#permalink]

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New post 22 Feb 2012, 10:30
1c - not right
2a - right
3c - right
4e - not right
5b - right
6a - not right
7d - right
8a - right
9b - right

Total time: 14 min 30 seconds...

was a fun challenge. Got 6/9. Need to start shoring in the time it took to read the passage. Almost took me 6 minutes!

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Re: Most economists in the United States seem captivated by the [#permalink]

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New post 05 Aug 2012, 01:06
Can anybody explain these questions?

Question 1 (between choices A and E)
Question 2 (why is I correct and III incorrect?)
Question 3 (between choices B and C)
Question 8 (between choice A and C)

I took 19 mins and got 5/9.

Thanks in advance.

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New post 22 Feb 2013, 07:37
3 : either B or C ( I chose B ) . Wanted to match Pernicious . wasn't sure how condescendin does that.

4 : C
Satement says
A price that is determined by the seller or, for that matter, established by anyone other than the aggregate (group) of consumers seems pernicious.

E is close but C ooked better

8.

C (POE)

Eliminate
A - talks @ Demand
B - talks @ Profit
D and E not inferable.

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Re: Most economists in the United States seem captivated by the [#permalink]

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New post 24 Feb 2013, 01:49
smayekar wrote:
3 : either B or C ( I chose B ) . Wanted to match Pernicious . wasn't sure how condescendin does that.

4 : C
Satement says
A price that is determined by the seller or, for that matter, established by anyone other than the aggregate (group) of consumers seems pernicious.

E is close but C ooked better

8.

C (POE)

Eliminate
A - talks @ Demand
B - talks @ Profit
D and E not inferable.



Agree ... C C C (No reason for the last one ... other options were worse)
... OAs?

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Re: Most economists in the United States seem captivated by the [#permalink]

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New post 07 Oct 2013, 08:12
3. The author’s attitude toward “Most economists in the United States”(line 1) can best be described as
(A) spiteful and envious
(B) scornful and denunciatory
(C) critical and condescending
(D) ambivalent but deferential
(E) uncertain but interested
4. It can be inferred from the author’s argument that a price fixed by the seller “seems pernicious” (line 7) because
(A) people do not have confidence in large firms
(B) people do not expect the government to regulate prices
(C) most economists believe that consumers as a group should determine prices
(D) most economists associate fixed prices with communist and socialist economies
(E) most economists believe that no one group should determine prices
8. With which of the following statements regarding the behavior of large firms in industrialized societies would the author be most likely to agree?
(A) The directors of large firms will continue to anticipate the demand for products.
(B) The directors of large firms are less interested in achieving a predictable level of profit than in achieving a large profit.
(C) The directors of large firms will strive to reduce the costs of their products.
(D) Many directors of large firms believe that the government should establish the prices that will be charged for products.
(E) Many directors of large firms believe that the price charged for products is likely to increase annually.



I have OAs for this passage:

3.C
4.C
8.A
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Re: Most economists in the United States seem captivated by the [#permalink]

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New post 21 Jul 2017, 08:28

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New post 22 Jul 2017, 15:27
Why are 8C wrong and 6C wrong? please help..

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Most economists in the United States seem captivated by the [#permalink]

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New post 04 Nov 2017, 01:53
KanakGarg wrote:
Why are 8C wrong and 6C wrong? please help..


For question 8 :

Each large firm will thus avoid significant price-cutting, because price-cutting would be prejudicial to the common interest in a stable demand for products.

C is wrong because in the first para, it is mentioned that the directors of the large companies dont want the price to reduce because lower price leads to increased demand and they dont want to handle any unanticipated demand.

For question 6:

But Soviet firms are no more subject to prices established by a free market over which they exercise little influence than are capitalist firms; rather, Soviet firms have been given the power to fix prices. this is in the last paragragh.

C is nowhere mentioned. Hence E is right.

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