It is currently 23 Sep 2017, 06:04

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Ronald: According to my analysis of the national economy,

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
VP
VP
avatar
Joined: 22 Nov 2007
Posts: 1079

Kudos [?]: 663 [0], given: 0

Ronald: According to my analysis of the national economy, [#permalink]

Show Tags

New post 28 Jan 2008, 06:30
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 1 sessions

HideShow timer Statistics

Ronald: According to my analysis of the national economy, housing prices should not increase during the next six months unless interest rates drop significantly.
Mark: I disagree. One year ago, when interest rates last fell significantly, housing prices did not increase at all.
It can be inferred from the conversation above that Mark has interpreted Ronald’s statement to mean that
(A) housing prices will rise only if interest rates fall
(B) if interest rates fall, housing prices must rise
(C) interest rates and housing prices tend to rise and fall together
(D) interest rates are the only significant economic factor affecting housing prices
(E) interest rates are likely to fall significantly in the next six months

Kudos [?]: 663 [0], given: 0

Director
Director
avatar
Joined: 01 Jan 2008
Posts: 619

Kudos [?]: 195 [0], given: 1

Re: cr 1000 7 [#permalink]

Show Tags

New post 28 Jan 2008, 08:30
I'm going with D. Mark neglects other economic factors because he uses example from last year when economic situation was different.

Kudos [?]: 195 [0], given: 1

VP
VP
avatar
Joined: 22 Nov 2007
Posts: 1079

Kudos [?]: 663 [0], given: 0

Re: cr 1000 7 [#permalink]

Show Tags

New post 28 Jan 2008, 10:57
maratikus wrote:
I'm going with D. Mark neglects other economic factors because he uses example from last year when economic situation was different.


OA is B. I can't catch why

Kudos [?]: 663 [0], given: 0

Manager
Manager
avatar
Joined: 21 Dec 2007
Posts: 95

Kudos [?]: 14 [0], given: 0

Re: cr 1000 7 [#permalink]

Show Tags

New post 28 Jan 2008, 11:29
i cant differetiate betwenn A and B. A seems more appropriate

Kudos [?]: 14 [0], given: 0

SVP
SVP
avatar
Joined: 28 Dec 2005
Posts: 1549

Kudos [?]: 174 [0], given: 2

Re: cr 1000 7 [#permalink]

Show Tags

New post 28 Jan 2008, 14:45
i said b.

Eliminated A because for one, its too extreme, and secondly, we cant assume that he inferred the 'only' part. Remember, its an infer question, and B pretty much states what was initially said; if interest rates go down, housing prices go up.

Kudos [?]: 174 [0], given: 2

Senior Manager
Senior Manager
User avatar
Joined: 19 Nov 2007
Posts: 461

Kudos [?]: 214 [0], given: 4

GMAT ToolKit User
Re: cr 1000 7 [#permalink]

Show Tags

New post 28 Jan 2008, 20:05
rafiaiqbal wrote:
i cant differetiate betwenn A and B. A seems more appropriate

difference between A and B is the word 'only'
B is tough to get at, but appropriate.

_________________

-Underline your question. It takes only a few seconds!
-Search before you post.

Kudos [?]: 214 [0], given: 4

Director
Director
avatar
Joined: 30 Jun 2007
Posts: 781

Kudos [?]: 179 [0], given: 0

Re: cr 1000 7 [#permalink]

Show Tags

New post 28 Jan 2008, 23:04
It can be inferred from the conversation above that Mark has interpreted Ronald’s statement to mean that
Mark intepreted the Ronald’s argument by: If housing prices fall -> must increase house prices


(A) housing prices will rise only if interest rates fall (This is too extreme – Eliminate it)

(B) if interest rates fall, housing prices must rise (Hold it)

(C) interest rates and housing prices tend to rise and fall together (Not as per Mark - Eliminte it)

(D) interest rates are the only significant economic factor affecting housing prices (Too extreme and definitely not as per Mark - Eliminte it)

(E) interest rates are likely to fall significantly in the next six months (What in near future is outside Mark’s argument - Eliminte it)

Answer: B

Kudos [?]: 179 [0], given: 0

Re: cr 1000 7   [#permalink] 28 Jan 2008, 23:04
    Similar topics Author Replies Last post
Similar
Topics:
The media claim that the economy is entering a phase of iamba 0 19 Jul 2008, 09:44
2 EXPERTS_POSTS_IN_THIS_TOPIC Plainsville economy - CR maheshsrini 13 17 Jul 2015, 02:09
17 CR : economy of Plainsville lahoosaher 16 10 Apr 2016, 05:29
Ronald is a runner on the track team and is a great hurdler. asimov 5 23 Jul 2009, 02:06
Ronald: According to my analysis of the national economy, JCLEONES 16 02 Sep 2008, 16:37
Display posts from previous: Sort by

Ronald: According to my analysis of the national economy,

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.