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10 Apr 2010, 00:00
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N
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
(N/A)
Question Stats:
75% (01:06) correct
25%
(01:40)
wrong
based on 34
sessions
History
Date
Time
Result
Not Attempted Yet
Senator: Some economists believe that our country's continued growth requires a higher level of home ownership than we currently have. A recent proposal would allow individuals to remove as much as $20,000 from an IRA, SEP IRA, and Keogh without penalty if the money went to the purchase of a primary residence. Supporters of this proposal claim that its implementation would increase revenues for the construction industry as well as tax revenues for city, county, and state governments. The passage as a whole provides the most support for which one of the following conclusions?
(A) The proposed incentive is likely to attract additional money into the home buying market.
(B) Supporters of this proposal have some motive other than their expressed aim.
(C) The government has no effective means of influencing the amount of money that people are willing to put into savings accounts.
(D) A program that resulted in an increase of tax revenues would be greeted negatively by city, county, and state officials.
(E) The economy is in danger unless some incentive to increased home ownership can be found to stimulate growth.
(A) The proposed incentive is likely to attract additional money into the home buying market.
(B) Supporters of this proposal have some motive other than their expressed aim.
(C) The government has no effective means of influencing the amount of money that people are willing to put into savings accounts.
(D) A program that resulted in an increase of tax revenues would be greeted negatively by city, county, and state officials.
(E) The economy is in danger unless some incentive to increased home ownership can be found to stimulate growth.
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10 Apr 2010, 12:01
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A
Senator: Some economists believe that our country's continued growth requires a higher level of home ownership than we currently have. A recent proposal would allow individuals to remove as much as $20,000 from an IRA, SEP IRA, and Keogh without penalty if the money went to the purchase of a primary residence. Supporters of this proposal claim that its implementation would increase revenues for the construction industry as well as tax revenues for city, county, and state governments. The passage as a whole provides the most support for which one of the following conclusions? (Indirectly which option can be inferred)(Inference always MUST BE TRUE)
(A) The proposed incentive is likely to attract additional money into the home buying market. (YES. If the proposal would not attract additional money into home buying market then the entire argument would fail. Thus this is the right option.)
(B) Supporters of this proposal have some motive other than their expressed aim. (Out of scope. So what, even if they have other motive, if the proposal can bring money it is useful)
(C) The government has no effective means of influencing the amount of money that people are willing to put into savings accounts. (Savings account has nothing to do with this argument.)
(D) A program that resulted in an increase of tax revenues would be greeted negatively by city, county, and state officials. (The argument does not even hint towards this conclusion. So what if it is greeted negatively or positively, does not affect the argument's conclusion)
(E) The economy is in danger unless some incentive to increased home ownership can be found to stimulate growth. (never said that economy is in danger. cant be concluded)
Senator: Some economists believe that our country's continued growth requires a higher level of home ownership than we currently have. A recent proposal would allow individuals to remove as much as $20,000 from an IRA, SEP IRA, and Keogh without penalty if the money went to the purchase of a primary residence. Supporters of this proposal claim that its implementation would increase revenues for the construction industry as well as tax revenues for city, county, and state governments. The passage as a whole provides the most support for which one of the following conclusions? (Indirectly which option can be inferred)(Inference always MUST BE TRUE)
(A) The proposed incentive is likely to attract additional money into the home buying market. (YES. If the proposal would not attract additional money into home buying market then the entire argument would fail. Thus this is the right option.)
(B) Supporters of this proposal have some motive other than their expressed aim. (Out of scope. So what, even if they have other motive, if the proposal can bring money it is useful)
(C) The government has no effective means of influencing the amount of money that people are willing to put into savings accounts. (Savings account has nothing to do with this argument.)
(D) A program that resulted in an increase of tax revenues would be greeted negatively by city, county, and state officials. (The argument does not even hint towards this conclusion. So what if it is greeted negatively or positively, does not affect the argument's conclusion)
(E) The economy is in danger unless some incentive to increased home ownership can be found to stimulate growth. (never said that economy is in danger. cant be concluded)
10 Apr 2010, 12:40
Kudos
Bookmarks
OA is A.
Reasoning as follows
A - Since one of the most difficult problems for many new homeowners is getting the down payment, this would solve that problem.
B - This is speculation.
C - The claim is too broad. The passage does not imply that the government has no means of influencing the savings rate. In fact, this proposal might increase savings.
D - On the contrary, the opposite is likely true.
E - The claim that the economy will be endangered is too strong.
Reasoning as follows
A - Since one of the most difficult problems for many new homeowners is getting the down payment, this would solve that problem.
B - This is speculation.
C - The claim is too broad. The passage does not imply that the government has no means of influencing the savings rate. In fact, this proposal might increase savings.
D - On the contrary, the opposite is likely true.
E - The claim that the economy will be endangered is too strong.
