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03 Dec 2023, 09:18
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Question 3
Quote:
We're late to the party here, but just in case it helps somebody: as you suggest, answer choice (C) in question #3 does not counter the criticism in the last sentence. Note that the correct answer choice to question #3 is (E):
Quote:
The labor theory of value claims that "100 percent of the value of any product is generated by labor." The author disputes this by claiming that one-third of the output of consumer goods is attributable to capital goods. Proponents of the labor theory of value might reply that those capital goods themselves were in fact produced by labor. So really, the value of consumer goods is wholly attributable to labor.
I hope that helps!
02 Apr 2024, 02:10
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do test makers expect us to argue like kids?
question 4 asks us to undermine the last sentence, which focuses on "disregard" supposedly advocated by john locke and his fellows.
it's just like two kids arguing: one said "you are wrong" and another fought back "no, you are wrong"
that's ridiculous for a gmat question.
the only thing justifying this question, "if true" at this point, is funny too.
capital investment, labor force, intellectual property, and land tenure are essential factors making contribution to the economy, even in locke's era.
the fact that john locke and his fellows solely praised labor force can only tell us that they rejected other factors arbitrarily.
question 4 asks us to undermine the last sentence, which focuses on "disregard" supposedly advocated by john locke and his fellows.
Quote:
but the OA indicates that the fact is not those guys disregarded the contribution of capital goods, but there was no such contribution at all.
it's just like two kids arguing: one said "you are wrong" and another fought back "no, you are wrong"
that's ridiculous for a gmat question.
the only thing justifying this question, "if true" at this point, is funny too.
Quote:
because such claim has never been true.
capital investment, labor force, intellectual property, and land tenure are essential factors making contribution to the economy, even in locke's era.
the fact that john locke and his fellows solely praised labor force can only tell us that they rejected other factors arbitrarily.
16 Nov 2024, 07:04
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From Guide
The question asks us to identify the statement that most accurately describes the organization of the passage.
A. The author indeed explores an aspect of the origin of the labor theory of value, to do with the philosopher John Locke. However, the author neither claims that the theory never gained widespread acceptance nor tries to explain a supposed fact that the theory never gained widespread acceptance.
B. Although the author explains a fundamental aspect of a theory—the labor theory of value—and then may seem to evaluate this aspect by “relating it to objective reality,” she or he does not propose a modi ication of the theory.
C. The passage indeed quotes John Locke, who is well known and may be considered an authority on certain matters. However, Locke would not be considered an authority on the contents of the labor theory of value, which, the passage suggests, did not exist at the time of Locke. Furthermore, much of the passage is devoted to developing a criticism of the theory. A good characterization of the passage would need to at least mention this criticism.
D. Correct. The author begins the passage by describing a theory of John Locke that is, according to the author, a precursor to the labor theory of value. Most of the second paragraph is devoted to a criticism of the theory, which the author ends by claiming that Locke is somewhat responsible for the supposed law.
E. The criticism of the labor theory of value is based on certain purported claims, made by the theory, about the economy that, according to the author, do not agree with the theory. The criticism of John Locke is then based on this critique of the theory, and the claim that Locke is somewhat responsible for the law in the theory that the author claims to identify. Because the critique of the theory is thus not based on the critique of Locke, and thus not on something that would purportedly “discredit” him, this answer choice is clearly incorrect.
The question asks us to identify the statement that most accurately describes the organization of the passage.
A. The author indeed explores an aspect of the origin of the labor theory of value, to do with the philosopher John Locke. However, the author neither claims that the theory never gained widespread acceptance nor tries to explain a supposed fact that the theory never gained widespread acceptance.
B. Although the author explains a fundamental aspect of a theory—the labor theory of value—and then may seem to evaluate this aspect by “relating it to objective reality,” she or he does not propose a modi ication of the theory.
C. The passage indeed quotes John Locke, who is well known and may be considered an authority on certain matters. However, Locke would not be considered an authority on the contents of the labor theory of value, which, the passage suggests, did not exist at the time of Locke. Furthermore, much of the passage is devoted to developing a criticism of the theory. A good characterization of the passage would need to at least mention this criticism.
D. Correct. The author begins the passage by describing a theory of John Locke that is, according to the author, a precursor to the labor theory of value. Most of the second paragraph is devoted to a criticism of the theory, which the author ends by claiming that Locke is somewhat responsible for the supposed law.
E. The criticism of the labor theory of value is based on certain purported claims, made by the theory, about the economy that, according to the author, do not agree with the theory. The criticism of John Locke is then based on this critique of the theory, and the claim that Locke is somewhat responsible for the law in the theory that the author claims to identify. Because the critique of the theory is thus not based on the critique of Locke, and thus not on something that would purportedly “discredit” him, this answer choice is clearly incorrect.
