Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Apr 2212:30 AM EDT
-01:30 AM EDT
At one point, she believed GMAT wasn’t for her. After scoring 595, self-doubt crept in and she questioned her potential. But instead of quitting, she made the right strategic changes. The result? A remarkable comeback to 695. Check out how Saakshi did it.
Apr 1612:00 PM EDT
-11:59 PM EDT
You’re first to know: Save $200 on GMAT prep starting tomorrow, 4/13. Get 6 official practice tests and study with real questions. Be ready to save!
Apr 2301:30 AM EDT
-02:30 AM EDT
Struggling with GMAT Verbal as a non-native speaker? Harsh improved his score from 595 to 695 in just 45 days—and scored a 99 %ile in Verbal (V88)! Learn how smart strategy, clarity, and guided prep helped him gain 100 points.
Apr 2308:00 PM PDT
-09:00 PM PDT
Video explanations + diagnosis of 10 weakest areas + 150+ short videos + study plan!
Apr 2610:00 AM EDT
-11:00 AM EDT
The Target Test Prep course represents a quantum leap forward in GMAT preparation, a radical reinterpretation of the way that students should study. Try before you buy with a 5-day, full-access trial of the course for FREE!
Apr 2711:00 AM EDT
-12:00 PM EDT
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors
Apr 2808:00 AM PDT
-11:00 AM PDT
Whether you are just beginning your MBA journey or fine-tuning your path to a 700+ score, GMAT Day is designed to give you a competitive edge.
18 Feb 2020, 05:20
Kudos
Bookmarks
A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
50% (02:28) correct
50%
(02:39)
wrong
based on 391
sessions
History
Date
Time
Result
Not Attempted Yet
The problem that environmental economics aims to remedy is the following: people making economic decisions cannot readily compare environmental factors, such as clean air and the survival of endangered species, with other costs and benefits. As environmental economists recognize, solving this problem requires assigning monetary values to environmental factors. But monetary values result from people comparing costs and benefits in order to arrive at economic decisions. Thus, environmental economics is stymied by what motivates it.
If the considerations advanced in its support are true, the passage’s conclusion is supported
(A) strongly, on the assumption that monetary values for environment factors cannot be assigned unless people make economic decisions about these factors
(B) strongly, unless economic decision-making has not yet had any effect on the things categorized as environmental factors
(C) at best weakly, because the passage fails to establish that economic decision-makers do not by and large take adequate account of environmental factors
(D) at best weakly, because the argument assumes that pollution and other effects on environmental factors rarely result from economic decision-making
(E) not at all, since the argument is circular, taking that conclusion as one of its premises
If the considerations advanced in its support are true, the passage’s conclusion is supported
(A) strongly, on the assumption that monetary values for environment factors cannot be assigned unless people make economic decisions about these factors
(B) strongly, unless economic decision-making has not yet had any effect on the things categorized as environmental factors
(C) at best weakly, because the passage fails to establish that economic decision-makers do not by and large take adequate account of environmental factors
(D) at best weakly, because the argument assumes that pollution and other effects on environmental factors rarely result from economic decision-making
(E) not at all, since the argument is circular, taking that conclusion as one of its premises
16 Mar 2020, 09:31
Kudos
Bookmarks
The problem that environmental economics aims to remedy is the following: people making economic decisions cannot readily compare environmental factors, such as clean air and the survival of endangered species, with other costs and benefits. As environmental economists recognize, solving this problem requires assigning monetary values to environmental factors. But monetary values result from people comparing costs and benefits in order to arrive at economic decisions. Thus, environmental economics is stymied by what motivates it.
Let us try to understand what the passage says:
1. economists find it difficult to directly compare environmental factors with costs and benefits.
2. So, environmental economists decide to assign a monetary value to each environmental factor.
3. But the monetary value itself depends on costs and benefits.
4. So, the conclusion says that the solution (monetary value) itself creates the problem that is intended to be solved i.e monetary value depends on costs and benefits.
Looking at the answer choices it seems that figuring out the assumption could help us eliminate a few answer choices.
So, under what conditions the environmental economics will not be stymied by what motivates it?
What if the monetary value can be derived by other means? What if monetary value is not dependent on deriving comparisons between environmental factors and economic decisions? The passage nowhere assures us that C&B is the only route to get a monetary value. (Just like mathematical formulas - we use different formulas according to what is given to find out the answer).
Then this might have been the assumption of author
Now look at answer choices
If the considerations advanced in its support are true, the passage’s conclusion is supported
(A) strongly, on the assumption that monetary values for environment factors cannot be assigned unless people make economic decisions about these factors........sounds similar to our assumption.
(B) strongly, unless economic decision-making has not yet had any effect on the things categorized as environmental factors............EDM's effect on things categorized as environmental factors is not a concern.......... doesn't affect our conclusion anyway.
(C) at best weakly, because the passage fails to establish that economic decision-makers do not by and large take adequate account of environmental factors...........we do not know how efficient the economic decision makers are
(D) at best weakly, because the argument assumes that pollution and other effects on environmental factors rarely result from economic decision-making..........off the point....this cannot be an assumption. It does not affect our conclusion
(E) not at all, since the argument is circular, taking that conclusion as one of its premises.....It is not circular..It provides evidence to make us believe that assigning the monetary value may not be the solution.
A is correct
Let us try to understand what the passage says:
1. economists find it difficult to directly compare environmental factors with costs and benefits.
2. So, environmental economists decide to assign a monetary value to each environmental factor.
3. But the monetary value itself depends on costs and benefits.
4. So, the conclusion says that the solution (monetary value) itself creates the problem that is intended to be solved i.e monetary value depends on costs and benefits.
Looking at the answer choices it seems that figuring out the assumption could help us eliminate a few answer choices.
So, under what conditions the environmental economics will not be stymied by what motivates it?
What if the monetary value can be derived by other means? What if monetary value is not dependent on deriving comparisons between environmental factors and economic decisions? The passage nowhere assures us that C&B is the only route to get a monetary value. (Just like mathematical formulas - we use different formulas according to what is given to find out the answer).
Then this might have been the assumption of author
Now look at answer choices
If the considerations advanced in its support are true, the passage’s conclusion is supported
(A) strongly, on the assumption that monetary values for environment factors cannot be assigned unless people make economic decisions about these factors........sounds similar to our assumption.
(B) strongly, unless economic decision-making has not yet had any effect on the things categorized as environmental factors............EDM's effect on things categorized as environmental factors is not a concern.......... doesn't affect our conclusion anyway.
(C) at best weakly, because the passage fails to establish that economic decision-makers do not by and large take adequate account of environmental factors...........we do not know how efficient the economic decision makers are
(D) at best weakly, because the argument assumes that pollution and other effects on environmental factors rarely result from economic decision-making..........off the point....this cannot be an assumption. It does not affect our conclusion
(E) not at all, since the argument is circular, taking that conclusion as one of its premises.....It is not circular..It provides evidence to make us believe that assigning the monetary value may not be the solution.
A is correct
26 Jan 2026, 17:14
Kudos
Bookmarks
Automated notice from GMAT Club VerbalBot:
A member just gave Kudos to this thread, showing it’s still useful. I’ve bumped it to the top so more people can benefit. Feel free to add your own questions or solutions.
This post was generated automatically.
A member just gave Kudos to this thread, showing it’s still useful. I’ve bumped it to the top so more people can benefit. Feel free to add your own questions or solutions.
This post was generated automatically.
