The total debt owed by America’s house holds and businesses has increased dramatically in the last two decades. In 1990, the average credit card debt for each house-hold with at least one credit card was $2,966. By 2005, that amount had risen to $9,205. In the same period, the number of bankruptcies filed in America nearly doubled. Clearly, increased credit card debt among Americans has led to the rising number of bankruptcy filings.
Which of the following, if true, would most weaken the author’s conclusion?
(A)
In addition to credit card debt, most people who file for bankruptcy have other large debts like medical or legal bills. Correct(B) The bankruptcies mentioned in the argument include business bankruptcies, which account for a large percent- age of all bankruptcies.
Incorrectsupport conclusion
(C) Increased housing values have also led to larger mortgages, but having large mortgages rarely leads to bankruptcy.
Incorrectsupport conclusion
(D) The citizens of other nations have much lower levels of debt and are much less likely to file for bankruptcy.
Incorrectso, higher debt > higher bankruptcy, support conclusion
(E) The average interest rate on credit cards is nearly 20 percent per year, and many Americans can only afford to pay the interest.
Incorrectthis indicate debt is the reason for bankruptcy
_________________
For verbal chat and questions
Join HereVerbal Question of the Day