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Question 1
B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
45%
(medium)
Question Stats:
66% (03:25) correct
34%
(03:23) wrong
based on 374
sessions
History
Date
Time
Result
Not Attempted Yet
Question 2
A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
59% (00:36) correct 41%
(00:40) wrong
based on 442
sessions
History
Date
Time
Result
Not Attempted Yet
Question 3
E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
45%
(medium)
Question Stats:
61% (01:21) correct 39%
(01:30) wrong
based on 463
sessions
History
Date
Time
Result
Not Attempted Yet
Question 4
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:
64% (01:22) correct 36%
(01:39) wrong
based on 431
sessions
History
Date
Time
Result
Not Attempted Yet
Question 5
D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
82% (01:10) correct 18%
(01:36) wrong
based on 408
sessions
History
Date
Time
Result
Not Attempted Yet
Question 6
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
66% (00:52) correct 34%
(01:05) wrong
based on 406
sessions
History
Date
Time
Result
Not Attempted Yet
Question 7
D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
91% (00:51) correct 9%
(01:07) wrong
based on 379
sessions
History
Date
Time
Result
Not Attempted Yet
The decline of the United States smokestack industries reflected in their failure to compete successfully in domestic and world markets against foreign manufacturers, coupled with the more recent decline in the competitiveness of domestic high-tech firms, raises an important question. Can American productivity and consequent competitiveness be restored?
In his book The Spirit of Enterprise, George Gilder argues that dazzling entrepreneurship will restore American competitiveness in world markets. For Gilder, government intervention in the form of a national industrial policy is pure folly, and unfettered capitalism—and the innovation it fosters—is the only sure path to productivity.
While entrepreneurship is necessary in any productive economy, it is not sufficient. In this book, Gilder once again offers us his standard prescription for our nation's economic ills, a prescription that remains as unidimensional as ever. Gilder's diagnosis unfolds as follows. Taxes are so high that business is discouraged from establishing itself in communities in the United States. Needless regulation is strangling America's entrepreneurs. And American labor is simply pricing itself out of the market.
Yet virtually all the relevant research finds that taxes are a relatively minor consideration in business location decisions. Furthermore, tax incentives to lure industry amount to little more than piracy among competing communities. Even when businesses relocate to a community offering such incentives, the same jobs are merely moved from one place to another, with no net increase in job creation or economic growth. The second scapegoat, government regulation, has simply gotten bad press. Undoubtedly, there are some regulations in effect whose benefits do not justify the costs. But they do not include the nation's civil rights laws environmental and occupational safety regulations, collective bargaining rights, and other regulations that protect many of the fundamental benefits to which we have rightly become accustomed. Yet these arc precisely the areas where the campaign for deregulation has been most vicious. Finally, reducing workers' wages will result in insufficient demand for the autos, homes, washing machines and other goods whose production keeps our economy healthy.
Gilder and many other conservatives ridicule the concept of industrial policy. It is evident however, that the United States has and will continue to have (Gilder notwithstanding). A set of industrial policies (e.g. tax and trade policies. antitrust laws, research and development programs). So the question is not whether there should be an industrial policy. Rather the issue is whether we will develop a set of explicit and coordinated policies to strengthen our domestic economy and our competitive position in the world economy or whether we will glorify the free market while implementing adhoc policies and watch our position deteriorate even further.
In his book The Spirit of Enterprise, George Gilder argues that dazzling entrepreneurship will restore American competitiveness in world markets. For Gilder, government intervention in the form of a national industrial policy is pure folly, and unfettered capitalism—and the innovation it fosters—is the only sure path to productivity.
While entrepreneurship is necessary in any productive economy, it is not sufficient. In this book, Gilder once again offers us his standard prescription for our nation's economic ills, a prescription that remains as unidimensional as ever. Gilder's diagnosis unfolds as follows. Taxes are so high that business is discouraged from establishing itself in communities in the United States. Needless regulation is strangling America's entrepreneurs. And American labor is simply pricing itself out of the market.
Yet virtually all the relevant research finds that taxes are a relatively minor consideration in business location decisions. Furthermore, tax incentives to lure industry amount to little more than piracy among competing communities. Even when businesses relocate to a community offering such incentives, the same jobs are merely moved from one place to another, with no net increase in job creation or economic growth. The second scapegoat, government regulation, has simply gotten bad press. Undoubtedly, there are some regulations in effect whose benefits do not justify the costs. But they do not include the nation's civil rights laws environmental and occupational safety regulations, collective bargaining rights, and other regulations that protect many of the fundamental benefits to which we have rightly become accustomed. Yet these arc precisely the areas where the campaign for deregulation has been most vicious. Finally, reducing workers' wages will result in insufficient demand for the autos, homes, washing machines and other goods whose production keeps our economy healthy.
Gilder and many other conservatives ridicule the concept of industrial policy. It is evident however, that the United States has and will continue to have (Gilder notwithstanding). A set of industrial policies (e.g. tax and trade policies. antitrust laws, research and development programs). So the question is not whether there should be an industrial policy. Rather the issue is whether we will develop a set of explicit and coordinated policies to strengthen our domestic economy and our competitive position in the world economy or whether we will glorify the free market while implementing adhoc policies and watch our position deteriorate even further.
1. The primary purpose of the passage is to
(A) attack two alternative approaches to a problem
(B) criticize a particular point of view
(C) explain the causes of a phenomenon
(D) present the positive and negative aspects of a proposed solution to a problem
(E) detail the strengths of a particular set of policies
(A) attack two alternative approaches to a problem
(B) criticize a particular point of view
(C) explain the causes of a phenomenon
(D) present the positive and negative aspects of a proposed solution to a problem
(E) detail the strengths of a particular set of policies
2. The author's attitude toward Gilder's point of view can be best described as
(A) antagonistic
(B) bitter
(C) detached
(D) tolerant
(E) apologetic
(A) antagonistic
(B) bitter
(C) detached
(D) tolerant
(E) apologetic
3. Which of the following best describes the organization of the fourth paragraph?
(A) Three specific examples used in an argument in the third paragraph are substantiated.
(B) Three pieces of newly discovered evidence in support of an argument in the third para¬graph are discussed.
(C) Three interpretations of data presented in the third paragraph are considered.
(D) Three criticisms of an argument presented in the third paragraph are refuted.
(E) Three points of an argument presented in the third paragraph are specifically opposed.
(A) Three specific examples used in an argument in the third paragraph are substantiated.
(B) Three pieces of newly discovered evidence in support of an argument in the third para¬graph are discussed.
(C) Three interpretations of data presented in the third paragraph are considered.
(D) Three criticisms of an argument presented in the third paragraph are refuted.
(E) Three points of an argument presented in the third paragraph are specifically opposed.
4. The author of the passage implies that George Gilder would regard all of the following as obstacles to the operation of "unfettered capitalism" (Highlighted) EXCEPT
(A) competition between United States and foreign manufacturers for United States markets
(B) enforcement of federal civil rights legislation
(C) standards for clean air that improve air quality around industrial sites
(D) a ban on exposure of unprotected workers to hazardous materials like asbestos
(E) widespread representation of skilled workers by collective bargaining units
(A) competition between United States and foreign manufacturers for United States markets
(B) enforcement of federal civil rights legislation
(C) standards for clean air that improve air quality around industrial sites
(D) a ban on exposure of unprotected workers to hazardous materials like asbestos
(E) widespread representation of skilled workers by collective bargaining units
5. According to the author of the passage, which or the following is true of the tax incentives that some communities use to induct businesses to move there?
(A) They discourage foreign businesses from locating in those communities.
(B) They result in an economic decline in those communities.
(C) They are a major influence on business location decisions.
(D) Their most noticeable effect is a geographical shift of a fixed number of jobs from one community to another.
(E) Their impact on local taxpayers is detrimental, as individuals, must bear the cost of luring business to the community.
(A) They discourage foreign businesses from locating in those communities.
(B) They result in an economic decline in those communities.
(C) They are a major influence on business location decisions.
(D) Their most noticeable effect is a geographical shift of a fixed number of jobs from one community to another.
(E) Their impact on local taxpayers is detrimental, as individuals, must bear the cost of luring business to the community.
6. The author uses the phrase "adhoc policies" in lines (Highlighted) as a contrast to which of the following phrases as it is used in the passage?
(A) "set of industrial policies" (Text in Red)
(B) "tax and trade policies" (Text in Red)
(C) "explicit and coordinated policies" (Text in Red)
(D) "competitive position" (Text in Red)
(E) "free market" (Text in Red)
(A) "set of industrial policies" (Text in Red)
(B) "tax and trade policies" (Text in Red)
(C) "explicit and coordinated policies" (Text in Red)
(D) "competitive position" (Text in Red)
(E) "free market" (Text in Red)
7. The author of the passage makes which of the following assumptions in his argument against reducing workers' wages?
(A) Workers do not deposit money they earn as wages in savings accounts.
(B) When workers' wages are sufficiently high, they are more productive on the job.
(C) If their wages were reduced, workers would be forced to obtain loans to finance major purchases.
(D) There is a correlation between the amount of workers' wages and the demand for consumer goods.
(E) Reducing workers' wages is an attack on the fundamental benefits achieved by collective bargaining rights.
(A) Workers do not deposit money they earn as wages in savings accounts.
(B) When workers' wages are sufficiently high, they are more productive on the job.
(C) If their wages were reduced, workers would be forced to obtain loans to finance major purchases.
(D) There is a correlation between the amount of workers' wages and the demand for consumer goods.
(E) Reducing workers' wages is an attack on the fundamental benefits achieved by collective bargaining rights.
09 Mar 2023, 21:02
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1. The primary purpose of the passage is to
The author states US industries are failing to compete domestically and globally so a question is raised if America can restored productivity thereby becoming competitiveness ? George Gilder says yes and argues that entrepreneurship will do so via Government intervention and free capitalism. The author disagrees and said entrepreneurship wont be enough and then attack all three causes presented by George Gilder for the low productivity in America. The author finally states that industrial policies are needed and that the issue is to have coordinated policy that can strengthen our domestic economy and competitive position.
(A) attack two alternative approaches to a problem
The author attacked one approach only
(B) criticize a particular point of view
Correct. Gilder point of view has been criticize
(C) explain the causes of a phenomenon
Partial scope
(D) present the positive and negative aspects of a proposed solution to a problem
Though Gilder presented the negative aspect of Taxes, Reg, and labor cost and the author presented the positive aspect of these, the author primary point is not this.
(E) detail the strengths of a particular set of policies
Partial in scope. The author present Gilder point of view and attacks it.
2. The author's attitude toward Gilder's point of view can be best described as
The author said that while entrepreneurship is necessary in any productive economy, it is not sufficient.He then said Gilder and many other conservatives ridicule the concept of industrial policy. The author also mentioned …other regulations that protect many of the fundamental benefits to which we have rightly become accustomed. So I will say the author will agree that Gilder is detached
(A) antagonistic
(B) bitter
(C) detached
(D) tolerant
(E) apologetic
3. Which of the following best describes the organization of the fourth paragraph?
In the fourth paragraph, the author attacked the three evidence presented on the Third paragraph: taxes, Regulation and labor cost
(A) Three specific examples used in an argument in the third paragraph are substantiated.
Opposite: the author do not support the three evidence presented in third paragraph
(B) Three pieces of newly discovered evidence in support of an argument in the third para¬graph are discussed.
No new pieces of newly evidence are discussed
(C) Three interpretations of data presented in the third paragraph are considered.
Three data points were presented no three interpretation of data
(D) Three criticisms of an argument presented in the third paragraph are refuted.
The three criticisms are presented in the fourth paragraph
(E) Three points of an argument presented in the third paragraph are specifically opposed.
Correct. The three points presented by Gilder are opposed in fourth paragraph.
4. The author of the passage implies that George Gilder would regard all of the following as obstacles to the operation of "unfettered capitalism" (Highlighted) EXCEPT
On the second paragraph the author present the viewpoint of Gilder: entrepreneurship will restore productivity in America via government support and free capitalism. The next paragraph the author present the causes of the decrease in productivity per Gilder points of view.
(A) competition between United States and foreign manufacturers for United States markets
Correct. This is not stated as one of the causes as belief by Gilder
(B) enforcement of federal civil rights legislation
Gilder beliefs that Regulation will harm productivity
(C) standards for clean air that improve air quality around industrial sites
Gilder beliefs that Regulation will harm productivity
(D) a ban on exposure of unprotected workers to hazardous materials like asbestos
Gilder beliefs that Regulation will harm productivity
(E) widespread representation of skilled workers by collective bargaining units
Gilder beliefs that labor cost will harm productivity
5. According to the author of the passage, which or the following is true of the tax incentives that some communities use to induct businesses to move there?
The author disagrees with Gilder that taxes are harmful. Author says that taxes are a minor consideration when business make a decision of moving. Furthermore, tax incentives to lure industry amount to little more than piracy among competing communities. Even when businesses relocate to a community offering such incentives, the same jobs are merely moved from one place to another, with no net increase in job creation or economic growth.
(A) They discourage foreign businesses from locating in those communities.
No a reason presented by the author
(B) They result in an economic decline in those communities.
No a reason presented by the author
(C) They are a major influence on business location decisions.
Opposite. Author said taxes are a minor reason for relocation
(D) Their most noticeable effect is a geographical shift of a fixed number of jobs from one community to another.
Correct. A total gain is not noticed when business move between communities.
(E) Their impact on local taxpayers is detrimental, as individuals, must bear the cost of luring business to the community.
No a reason presented by the author
6. The author uses the phrase "adhoc policies" in lines (Highlighted) as a contrast to which of the following phrases as it is used in the passage?
I am not sure about this question but I guess per the structure of the sentence ‘ whether we will glorify the free market while implementing adhoc policies ‘ I think he means coordinated policies to make the US position better in the world competitiveness industries
(A) "set of industrial policies" (Text in Red)
(B) "tax and trade policies" (Text in Red)
(C) "explicit and coordinated policies" (Text in Red)
(D) "competitive position" (Text in Red)
(E) "free market" (Text in Red)
7. The author of the passage makes which of the following assumptions in his argument against reducing workers' wages?
Finally, reducing workers' wages will result in insufficient demand for the autos, homes, washing machines and other goods whose production keeps our economy healthy.
(A) Workers do not deposit money they earn as wages in savings accounts.
Author focuses on the spending side of workers income rather
(B) When workers' wages are sufficiently high, they are more productive on the job.
No relationship has being made of high paid and productivity
(C) If their wages were reduced, workers would be forced to obtain loans to finance major purchases.
No relationship has been established
(D) There is a correlation between the amount of workers' wages and the demand for consumer goods.
Correct, the author said if the amount of income is reduced, then autos, home and other goods will not be purchased
(E) Reducing workers' wages is an attack on the fundamental benefits achieved by collective bargaining rights.
No relationship has been established
The author states US industries are failing to compete domestically and globally so a question is raised if America can restored productivity thereby becoming competitiveness ? George Gilder says yes and argues that entrepreneurship will do so via Government intervention and free capitalism. The author disagrees and said entrepreneurship wont be enough and then attack all three causes presented by George Gilder for the low productivity in America. The author finally states that industrial policies are needed and that the issue is to have coordinated policy that can strengthen our domestic economy and competitive position.
(A) attack two alternative approaches to a problem
The author attacked one approach only
(B) criticize a particular point of view
Correct. Gilder point of view has been criticize
(C) explain the causes of a phenomenon
Partial scope
(D) present the positive and negative aspects of a proposed solution to a problem
Though Gilder presented the negative aspect of Taxes, Reg, and labor cost and the author presented the positive aspect of these, the author primary point is not this.
(E) detail the strengths of a particular set of policies
Partial in scope. The author present Gilder point of view and attacks it.
2. The author's attitude toward Gilder's point of view can be best described as
The author said that while entrepreneurship is necessary in any productive economy, it is not sufficient.He then said Gilder and many other conservatives ridicule the concept of industrial policy. The author also mentioned …other regulations that protect many of the fundamental benefits to which we have rightly become accustomed. So I will say the author will agree that Gilder is detached
(A) antagonistic
(B) bitter
(C) detached
(D) tolerant
(E) apologetic
3. Which of the following best describes the organization of the fourth paragraph?
In the fourth paragraph, the author attacked the three evidence presented on the Third paragraph: taxes, Regulation and labor cost
(A) Three specific examples used in an argument in the third paragraph are substantiated.
Opposite: the author do not support the three evidence presented in third paragraph
(B) Three pieces of newly discovered evidence in support of an argument in the third para¬graph are discussed.
No new pieces of newly evidence are discussed
(C) Three interpretations of data presented in the third paragraph are considered.
Three data points were presented no three interpretation of data
(D) Three criticisms of an argument presented in the third paragraph are refuted.
The three criticisms are presented in the fourth paragraph
(E) Three points of an argument presented in the third paragraph are specifically opposed.
Correct. The three points presented by Gilder are opposed in fourth paragraph.
4. The author of the passage implies that George Gilder would regard all of the following as obstacles to the operation of "unfettered capitalism" (Highlighted) EXCEPT
On the second paragraph the author present the viewpoint of Gilder: entrepreneurship will restore productivity in America via government support and free capitalism. The next paragraph the author present the causes of the decrease in productivity per Gilder points of view.
(A) competition between United States and foreign manufacturers for United States markets
Correct. This is not stated as one of the causes as belief by Gilder
(B) enforcement of federal civil rights legislation
Gilder beliefs that Regulation will harm productivity
(C) standards for clean air that improve air quality around industrial sites
Gilder beliefs that Regulation will harm productivity
(D) a ban on exposure of unprotected workers to hazardous materials like asbestos
Gilder beliefs that Regulation will harm productivity
(E) widespread representation of skilled workers by collective bargaining units
Gilder beliefs that labor cost will harm productivity
5. According to the author of the passage, which or the following is true of the tax incentives that some communities use to induct businesses to move there?
The author disagrees with Gilder that taxes are harmful. Author says that taxes are a minor consideration when business make a decision of moving. Furthermore, tax incentives to lure industry amount to little more than piracy among competing communities. Even when businesses relocate to a community offering such incentives, the same jobs are merely moved from one place to another, with no net increase in job creation or economic growth.
(A) They discourage foreign businesses from locating in those communities.
No a reason presented by the author
(B) They result in an economic decline in those communities.
No a reason presented by the author
(C) They are a major influence on business location decisions.
Opposite. Author said taxes are a minor reason for relocation
(D) Their most noticeable effect is a geographical shift of a fixed number of jobs from one community to another.
Correct. A total gain is not noticed when business move between communities.
(E) Their impact on local taxpayers is detrimental, as individuals, must bear the cost of luring business to the community.
No a reason presented by the author
6. The author uses the phrase "adhoc policies" in lines (Highlighted) as a contrast to which of the following phrases as it is used in the passage?
I am not sure about this question but I guess per the structure of the sentence ‘ whether we will glorify the free market while implementing adhoc policies ‘ I think he means coordinated policies to make the US position better in the world competitiveness industries
(A) "set of industrial policies" (Text in Red)
(B) "tax and trade policies" (Text in Red)
(C) "explicit and coordinated policies" (Text in Red)
(D) "competitive position" (Text in Red)
(E) "free market" (Text in Red)
7. The author of the passage makes which of the following assumptions in his argument against reducing workers' wages?
Finally, reducing workers' wages will result in insufficient demand for the autos, homes, washing machines and other goods whose production keeps our economy healthy.
(A) Workers do not deposit money they earn as wages in savings accounts.
Author focuses on the spending side of workers income rather
(B) When workers' wages are sufficiently high, they are more productive on the job.
No relationship has being made of high paid and productivity
(C) If their wages were reduced, workers would be forced to obtain loans to finance major purchases.
No relationship has been established
(D) There is a correlation between the amount of workers' wages and the demand for consumer goods.
Correct, the author said if the amount of income is reduced, then autos, home and other goods will not be purchased
(E) Reducing workers' wages is an attack on the fundamental benefits achieved by collective bargaining rights.
No relationship has been established
Attachment:
10 Mar 2023, 02:09
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1. The primary purpose of the passage is to
(A) attack two alternative approaches to a problem
the author analyses the 'unfettered capitalism' view presented by George Glider in his book The Spirit of Enterprise' towards 'the only sure path to productivity'.
(B) criticize a particular point of view
the author also sides with certain facets of George Glider's view, not pure criticism
(C) explain the causes of a phenomenon
solutions to the problem of low productivity discussed, not the causes of low productivity
(D) present the positive and negative aspects of a proposed solution to a problem
while the author sides with certain facets viz. entrepreneurship, 'some' regulations etc, he also brings out the inherent limitations of George Glider's proposal...CORRECT answer
(E) detail the strengths of a particular set of policies
in fact, the drawbacks of George Glider's proposal have been discussed
2. The author's attitude toward Gilder's point of view can be best described as
(A) antagonistic
the author sides with a few facts of Glider's point of view, particularly regarding 'entrepreneurship'
(B) bitter
while the author sides with a few facts of Glider's point of view, particularly regarding 'entrepreneurship', he is primarily countering the Glider's views by highlighting the need for tax structures, explicit and coordinated policies etc..so 'bitter' would be the CORRECT expression for showing the author's attitude
(C) detached
the author in fact shows concern over the facets of 'unfettered capitalism' views expressed by George Glider; hence, incorrect
(D) tolerant
the author expresses opposition to the unfettered capitalism' views expressed by George Glider
(E) apologetic
no expression of apology in any manner whatsoever
3. Which of the following best describes the organization of the fourth paragraph?
(A) Three specific examples used in an argument in the third paragraph are substantiated.
the 4th paragraph in fact runs 'counter' to the expressed views of George Glider on the three issues highlighted in paragraph 3
(B) Three pieces of newly discovered evidence in support of an argument in the third paragraph are discussed.
three issues of taxes, regulation, and labour (lines 5-8 of 3rd paragraph) have been discussed / analyzed in paragraph 4..CORRECT answer
(C) Three interpretations of data presented in the third paragraph are considered.
data interpretation is not the purpose of the 4th paragraph
(D) Three criticisms of an argument presented in the third paragraph are refuted.
description of opposing views, rather than refutation of criticisms is the purpose of the 4th paragraph
(E) Three points of an argument presented in the third paragraph are specifically opposed.
certain aspects pertaining to the three issues viz. 'some' regulations also draw the author's support
4. The author of the passage implies that George Gilder would regard all of the following as obstacles to the operation of "unfettered capitalism" (Highlighted) EXCEPT
Reference from the passage (LInes 9-15 of 4th paragraph) Undoubtedly, there are some regulations in effect whose benefits do not justify the costs. But they do not include the nation's civil rights laws environmental and occupational safety regulations, collective bargaining rights, and other regulations that protect many of the fundamental benefits to which we have rightly become accustomed.
(A) competition between United States and foreign manufacturers for United States markets
not listed as an example of such obstacles (in 4th paragraph)..CORRECT answer
(B) enforcement of federal civil rights legislation
listed as an example of such obstacles (in 4th paragraph)
(C) standards for clean air that improve air quality around industrial sites
listed as an example of such obstacles (in 4th paragraph)
(D) a ban on exposure of unprotected workers to hazardous materials like asbestos
listed as an example of such obstacles (in 4th paragraph)
(E) widespread representation of skilled workers by collective bargaining units
listed as an example of such obstacles (in 4th paragraph)
5. According to the author of the passage, which or the following is true of the tax incentives that some communities use to induct businesses to move there?
(A) They discourage foreign businesses from locating in those communities.
opposite to this is in fact the purpose of the tax incentives
(B) They result in an economic decline in those communities.
no such aspects highlighted in connection with tax incentives
(C) They are a major influence on business location decisions.
in fact this aspect has been countered..in connection with the tax incentives
(D) Their most noticeable effect is a geographical shift of a fixed number of jobs from one community to another.
It has been highlighted that the tax incentives serve the purpose of merely moving the jobs from one place to another, with no net increase in job creation or economic growth..CORRECT answer
(E) Their impact on local taxpayers is detrimental, as individuals, must bear the cost of luring business to the community.
Out of scope prompt, since the impact on local taxpayers not the focus of the passage
6. The author uses the phrase "adhoc policies" in lines (Highlighted) as a contrast to which of the following phrases as it is used in the passage?
(A) "set of industrial policies" (Text in Red)
incorrect, since the usage of 'adhoc policies' is to depict contrast to the well-coordinated policies (as recommended by the author)
(B) "tax and trade policies" (Text in Red)
incorrect, since the usage of 'adhoc policies' is to depict contrast to the well-coordinated policies (as recommended by the author)
(C) "explicit and coordinated policies" (Text in Red)
the usage of 'adhoc policies' is to depict contrast to the well-coordinated policies (as recommended by the author)..CORRECT answer
(D) "competitive position" (Text in Red)
incorrect, since the usage of 'adhoc policies' is to depict contrast to the well-coordinated policies (as recommended by the author)
(E) "free market" (Text in Red)
incorrect, since the usage of 'adhoc policies' is to depict contrast to the well-coordinated policies (as recommended by the author)
7. The author of the passage makes which of the following assumptions in his argument against reducing workers' wages?
(A) Workers do not deposit money they earn as wages in savings accounts.
no such assumption intended while the author conveys 'reducing workers' wages will result in insufficient demand'
(B) When workers' wages are sufficiently high, they are more productive on the job.
Here, also the author doesn't assume productivity while highlighting that 'reducing workers' wages will result in insufficient demand'
(C) If their wages were reduced, workers would be forced to obtain loans to finance major purchases.
purchases by workers..not the assumed aspect here
(D) There is a correlation between the amount of workers' wages and the demand for consumer goods.
The author's statement that 'reducing workers' wages will result in insufficient demand' clearly highlights the correlation between the amount of workers' wages and the demand for consumer goods...CORRECT answer
(E) Reducing workers' wages is an attack on the fundamental benefits achieved by collective bargaining rights.
not link to the author's argument that 'reducing workers' wages will result in insufficient demand'
IMO, the correct sequence of responses will be DBBADCD
(A) attack two alternative approaches to a problem
the author analyses the 'unfettered capitalism' view presented by George Glider in his book The Spirit of Enterprise' towards 'the only sure path to productivity'.
(B) criticize a particular point of view
the author also sides with certain facets of George Glider's view, not pure criticism
(C) explain the causes of a phenomenon
solutions to the problem of low productivity discussed, not the causes of low productivity
(D) present the positive and negative aspects of a proposed solution to a problem
while the author sides with certain facets viz. entrepreneurship, 'some' regulations etc, he also brings out the inherent limitations of George Glider's proposal...CORRECT answer
(E) detail the strengths of a particular set of policies
in fact, the drawbacks of George Glider's proposal have been discussed
2. The author's attitude toward Gilder's point of view can be best described as
(A) antagonistic
the author sides with a few facts of Glider's point of view, particularly regarding 'entrepreneurship'
(B) bitter
while the author sides with a few facts of Glider's point of view, particularly regarding 'entrepreneurship', he is primarily countering the Glider's views by highlighting the need for tax structures, explicit and coordinated policies etc..so 'bitter' would be the CORRECT expression for showing the author's attitude
(C) detached
the author in fact shows concern over the facets of 'unfettered capitalism' views expressed by George Glider; hence, incorrect
(D) tolerant
the author expresses opposition to the unfettered capitalism' views expressed by George Glider
(E) apologetic
no expression of apology in any manner whatsoever
3. Which of the following best describes the organization of the fourth paragraph?
(A) Three specific examples used in an argument in the third paragraph are substantiated.
the 4th paragraph in fact runs 'counter' to the expressed views of George Glider on the three issues highlighted in paragraph 3
(B) Three pieces of newly discovered evidence in support of an argument in the third paragraph are discussed.
three issues of taxes, regulation, and labour (lines 5-8 of 3rd paragraph) have been discussed / analyzed in paragraph 4..CORRECT answer
(C) Three interpretations of data presented in the third paragraph are considered.
data interpretation is not the purpose of the 4th paragraph
(D) Three criticisms of an argument presented in the third paragraph are refuted.
description of opposing views, rather than refutation of criticisms is the purpose of the 4th paragraph
(E) Three points of an argument presented in the third paragraph are specifically opposed.
certain aspects pertaining to the three issues viz. 'some' regulations also draw the author's support
4. The author of the passage implies that George Gilder would regard all of the following as obstacles to the operation of "unfettered capitalism" (Highlighted) EXCEPT
Reference from the passage (LInes 9-15 of 4th paragraph) Undoubtedly, there are some regulations in effect whose benefits do not justify the costs. But they do not include the nation's civil rights laws environmental and occupational safety regulations, collective bargaining rights, and other regulations that protect many of the fundamental benefits to which we have rightly become accustomed.
(A) competition between United States and foreign manufacturers for United States markets
not listed as an example of such obstacles (in 4th paragraph)..CORRECT answer
(B) enforcement of federal civil rights legislation
listed as an example of such obstacles (in 4th paragraph)
(C) standards for clean air that improve air quality around industrial sites
listed as an example of such obstacles (in 4th paragraph)
(D) a ban on exposure of unprotected workers to hazardous materials like asbestos
listed as an example of such obstacles (in 4th paragraph)
(E) widespread representation of skilled workers by collective bargaining units
listed as an example of such obstacles (in 4th paragraph)
5. According to the author of the passage, which or the following is true of the tax incentives that some communities use to induct businesses to move there?
(A) They discourage foreign businesses from locating in those communities.
opposite to this is in fact the purpose of the tax incentives
(B) They result in an economic decline in those communities.
no such aspects highlighted in connection with tax incentives
(C) They are a major influence on business location decisions.
in fact this aspect has been countered..in connection with the tax incentives
(D) Their most noticeable effect is a geographical shift of a fixed number of jobs from one community to another.
It has been highlighted that the tax incentives serve the purpose of merely moving the jobs from one place to another, with no net increase in job creation or economic growth..CORRECT answer
(E) Their impact on local taxpayers is detrimental, as individuals, must bear the cost of luring business to the community.
Out of scope prompt, since the impact on local taxpayers not the focus of the passage
6. The author uses the phrase "adhoc policies" in lines (Highlighted) as a contrast to which of the following phrases as it is used in the passage?
(A) "set of industrial policies" (Text in Red)
incorrect, since the usage of 'adhoc policies' is to depict contrast to the well-coordinated policies (as recommended by the author)
(B) "tax and trade policies" (Text in Red)
incorrect, since the usage of 'adhoc policies' is to depict contrast to the well-coordinated policies (as recommended by the author)
(C) "explicit and coordinated policies" (Text in Red)
the usage of 'adhoc policies' is to depict contrast to the well-coordinated policies (as recommended by the author)..CORRECT answer
(D) "competitive position" (Text in Red)
incorrect, since the usage of 'adhoc policies' is to depict contrast to the well-coordinated policies (as recommended by the author)
(E) "free market" (Text in Red)
incorrect, since the usage of 'adhoc policies' is to depict contrast to the well-coordinated policies (as recommended by the author)
7. The author of the passage makes which of the following assumptions in his argument against reducing workers' wages?
(A) Workers do not deposit money they earn as wages in savings accounts.
no such assumption intended while the author conveys 'reducing workers' wages will result in insufficient demand'
(B) When workers' wages are sufficiently high, they are more productive on the job.
Here, also the author doesn't assume productivity while highlighting that 'reducing workers' wages will result in insufficient demand'
(C) If their wages were reduced, workers would be forced to obtain loans to finance major purchases.
purchases by workers..not the assumed aspect here
(D) There is a correlation between the amount of workers' wages and the demand for consumer goods.
The author's statement that 'reducing workers' wages will result in insufficient demand' clearly highlights the correlation between the amount of workers' wages and the demand for consumer goods...CORRECT answer
(E) Reducing workers' wages is an attack on the fundamental benefits achieved by collective bargaining rights.
not link to the author's argument that 'reducing workers' wages will result in insufficient demand'
IMO, the correct sequence of responses will be DBBADCD
