Boomshockalocka wrote:
GMATNinja
Hi GMATNinja, could you please explain 278? I chose B but the answer is D.
Quote:
278. The author’s main point is argued by
(B) showing that the view opposite to the author’s is self-contradictory
Quote:
For B, "The function of capital markets is to facilitate an exchange of funds among all participants, and yet in practice we find that certain participants are not on a par with others." this sentence indicates that the view opposite to the author's is self-contradictory. Doesn't it?
In this sentence, the author makes a statement (in practice, certain participants are not on par with others) which contradicts the opposing view. This is a case of one person (the author) contradicting another (anyone who believes conventional financial analysis). This is not a case of
self-contradiction, which would require the opposition to contradict their own logic or their own statements.
Quote:
278. The author’s main point is argued by
(D) showing that omissions in a theoretical description make it inapplicable in certain cases
Quote:
And I don't understand why D is correct. What is the intended "theoretical description"? And what are those "certain cases"?
The "theoretical description" is that capital markets facilitate an exchange of funds among all participants. This is a conventional view of market participation, and the author disagrees with this conventional view because it omits many cases (i.e. minority communities) wherein capital markets fail to fulfill their functions.
Thinking about this structurally, we see that in the first paragraph, the author declares that the conventional theory about capital markets is inaccurate. In the second paragraph, the author shows cases that are omitted by this conventional theory, and therefore can't be explained by that theory. In the third paragraph, the author explains the assumptions that lead to these cases' being omitted during conventional analysis. This structure matches the language in choice (D), and since we've eliminated every other answer choice, (D) is our best answer.
I hope that helps!
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