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D
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Difficulty:
45%
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Question Stats:
67% (01:57) correct
33%
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wrong
based on 163
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Which of the following most logically completes the argument?
Once a major source of loans for overseas development projects, the Republic of Lyttonia endured a period of deflation and sluggish growth after a speculative bubble in the domestic property market burst twenty years ago. Few overseas development loans were initiated during this period of economic stagnation. More recently, the Lyttonian economy has improved significantly, and the country now has a significant supply of funds earmarked for investment. However, it is a mistake to assume that this increase in investment capital will result in a renewed commitment to loans for overseas development projects, because __________.
A. Lyttonia's overhang of bad debt resulting from the property market collapse has now been cleared.
B. a number of worthwhile overseas development projects were postponed during the last twenty years and are still awaiting funding.
C. the average savings rate in Lyttonia's private sector is higher now than it was twenty years ago.
D. Lyttonia urgently needs to invest in upgrading its domestic infrastructure, which deteriorated during the long period of economic stagnation.
E. loans for overseas development projects require some level of trust and cooperation between the government of Lyttonia and the government of the nation that receives the aid.
Once a major source of loans for overseas development projects, the Republic of Lyttonia endured a period of deflation and sluggish growth after a speculative bubble in the domestic property market burst twenty years ago. Few overseas development loans were initiated during this period of economic stagnation. More recently, the Lyttonian economy has improved significantly, and the country now has a significant supply of funds earmarked for investment. However, it is a mistake to assume that this increase in investment capital will result in a renewed commitment to loans for overseas development projects, because __________.
A. Lyttonia's overhang of bad debt resulting from the property market collapse has now been cleared.
B. a number of worthwhile overseas development projects were postponed during the last twenty years and are still awaiting funding.
C. the average savings rate in Lyttonia's private sector is higher now than it was twenty years ago.
D. Lyttonia urgently needs to invest in upgrading its domestic infrastructure, which deteriorated during the long period of economic stagnation.
E. loans for overseas development projects require some level of trust and cooperation between the government of Lyttonia and the government of the nation that receives the aid.
03 Jul 2024, 21:16
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sayan640
The Answer is D - because if Lyttonia needs amount for it's own development, it will prioritise that over loans for overseas development projects which is good extension to the statement.
Anyone, can explain why E is not the answer?
03 Jul 2024, 21:41
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Because option E only stated about the level of trust required .
But it dint mention how the level of trust and cooperation currently is between Lyttonia and the country that receives that aid.
Posted from my mobile device
But it dint mention how the level of trust and cooperation currently is between Lyttonia and the country that receives that aid.
jaswanth_ss
Posted from my mobile device
