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Updated on: 15 Jul 2015, 02:26
Originally posted by raghavakumar85 on 17 Jul 2010, 18:39.
Last edited by JarvisR on 15 Jul 2015, 02:26, edited 1 time in total.
Last edited by JarvisR on 15 Jul 2015, 02:26, edited 1 time in total.
OA updated
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A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
72% (01:38) correct
28%
(01:54)
wrong
based on 84
sessions
History
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Time
Result
Not Attempted Yet
Neither rising industrial output nor a high national minimum wage, by itself, establishes a country's economic well-being. Both are required simultaneously since industrial output can rise as a result of a low minimum wage and a high minimum wage prompts many industries to relocate to countries where the minimum wage is lower, thus decreasing a country's industrial output.
If the facts stated in the passage above are true, a proper test of a country's economic well-being is its ability to______.
A maintain a high minimum wage while its industrial output rises
B maintain a high minimum wage while its industrial output falls
C increase minimum wage while its industrial output remains constant
D keep the industrial output constant while its minimum wage falls
E maintain a low minimum wage while its industrial output rises
If the facts stated in the passage above are true, a proper test of a country's economic well-being is its ability to______.
A maintain a high minimum wage while its industrial output rises
B maintain a high minimum wage while its industrial output falls
C increase minimum wage while its industrial output remains constant
D keep the industrial output constant while its minimum wage falls
E maintain a low minimum wage while its industrial output rises
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17 Jul 2010, 21:19
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(A)maintain a high minimum wage while its industrial output rises>>make sense, correct
(B)increase minimum wage while its industrial output remains constant>> if high min wage keeps on increasing and industrial output(low) remains constant. Given this high minimum wage prompts many industries to relocate to countries where the minimum wage is lower, thus decreasing a country's industrial output
A my pick
(B)increase minimum wage while its industrial output remains constant>> if high min wage keeps on increasing and industrial output(low) remains constant. Given this high minimum wage prompts many industries to relocate to countries where the minimum wage is lower, thus decreasing a country's industrial output
A my pick
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18 Jul 2010, 00:34
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10000% A 
I am thinking why GMAC make this CR? The answer is so obvious - Both are required simultaneously.
I am thinking why GMAC make this CR? The answer is so obvious - Both are required simultaneously.
