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17 Jun 2022, 03:52
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74% (01:58) correct
26%
(01:20)
wrong
based on 19
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Need help on this question I encountered at OG's 'Skills Insight'
Research suggests that people who feel protected from a specific type of risk have a decreased tendency to act in a way calculated to avoid that risk. Therefore, to have a healthy economy, it seems prudent to have bankruptcy provisions that will adequately protect people against the financial catastrophe that can result from financial risk-taking.
Which of the following is an assumption on which the argument depends?
A. The willingness of people to take significant financial risks with potentially catastrophic consequences is conducive to a healthy economy.
B. Spending tax money to protect citizens who use their money unwisely is unlikely to induce more people to use money unwisely.
C. Some people will not take financial risks with potentially catastrophic consequences even if they feel adequately protected by bankruptcy provisions.
D. People who suffer financial disaster due to events that were not easily foreseeable are not to blame for the disaster.
E. To be conducive to a healthy economy, bankruptcy provisions should protect people only from risk that arises from business ventures.
Research suggests that people who feel protected from a specific type of risk have a decreased tendency to act in a way calculated to avoid that risk. Therefore, to have a healthy economy, it seems prudent to have bankruptcy provisions that will adequately protect people against the financial catastrophe that can result from financial risk-taking.
Which of the following is an assumption on which the argument depends?
A. The willingness of people to take significant financial risks with potentially catastrophic consequences is conducive to a healthy economy.
B. Spending tax money to protect citizens who use their money unwisely is unlikely to induce more people to use money unwisely.
C. Some people will not take financial risks with potentially catastrophic consequences even if they feel adequately protected by bankruptcy provisions.
D. People who suffer financial disaster due to events that were not easily foreseeable are not to blame for the disaster.
E. To be conducive to a healthy economy, bankruptcy provisions should protect people only from risk that arises from business ventures.
Archived Topic
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This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
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17 Jun 2022, 05:24
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vicboy
Hi,
This question is discussed in detail HERE. In case of any questions please post there. Hope it helps.
THIS TOPIC IS LOCKED AND ARCHIVED.
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Critical Reasoning (CR) Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
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