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 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.
10 Apr 2020, 16:48
Kudos
Bookmarks
D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
45%
(medium)
Question Stats:
64% (01:40) correct
36%
(01:37)
wrong
based on 613
sessions
History
Date
Time
Result
Not Attempted Yet
It is a principle of economics that a nation can experience economic growth only when a consumer confidence is balanced with a small amount of consumer skepticism.
Which one of the following is an application of the economic principle above?
A. Any nation in which consumer confidence is balanced with a small amount of consumer skepticism will experience economic growth.
B. Any nation in which the prevailing attitude of consumers is not skepticism will experience economic growth.
C. Any nation in which the prevailing attitude of consumers is either exclusively confidence or exclusively skepticism will experience economic growth.
D. Any nation in which the prevailing attitude of consumers is exclusively confidence will not experience economic growth.
E. Any nation in which consumer skepticism is balanced with a small amount of consumer confidence will experience economic growth.
Which one of the following is an application of the economic principle above?
A. Any nation in which consumer confidence is balanced with a small amount of consumer skepticism will experience economic growth.
B. Any nation in which the prevailing attitude of consumers is not skepticism will experience economic growth.
C. Any nation in which the prevailing attitude of consumers is either exclusively confidence or exclusively skepticism will experience economic growth.
D. Any nation in which the prevailing attitude of consumers is exclusively confidence will not experience economic growth.
E. Any nation in which consumer skepticism is balanced with a small amount of consumer confidence will experience economic growth.
15 Apr 2020, 18:11
Kudos
Bookmarks
Bunuel
LSAT Logical Reasoning bible explanation:
The conditionality in this short stimulus is introduced by the phrase "only when". This sets up the following conditional relationship, which is the economic principle referred to the question stem:
EEG = a nation can experience economic growth
CCB = consumer confidence balanced with a small amount of consumer skepticism
EEG -> CCB
A. This is a classic Mistaken Reversal incorrect answer. The answer choice simply reverses the two terms of the economic principle. Just because the necessary condition occurs does not mean that the sufficient condition occur.
B. This answer is a version of a Mistaken Reversal: the answer reverse the terms of the economic principle and at the same time confuses the reader by attempting to equate "prevailing attitude is not skepticism' with "consumer confidence balanced with a small amount of consumer skepticism". The Reversal is sufficient to eliminate this answer, and of course the two phrases do not equate.
C. This is an Opposite Answer. According to the contrapositive of the economic principle, if a nation does not have a balanced consumer confidence, then that nation will not experience economic growth. This is the opposite of the answer choice, which stealthily drops the "not" that should appear before "experience economic growth.''
D. This is the correct answer. The answer choice manipulates the terms a bit, forcing you to recognize that the negation of "consumer confidence balanced with a small amount of skepticism" is phrased as the "prevailing attitude of consumers is exclusively confidence". This creates the contrapositive:
not CCB -> not EEG
E. This answer is another version of a Mistaken Reversal. Te only diferrence between this answer choice and answer choice (A) is that this answer plays a Shell Game and reverses the confidence and skepticism elements from the stimulus.
