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07 Feb 2025, 01:30
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Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
73% (02:08) correct
27%
(02:21)
wrong
based on 266
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Banning imports of certain products forestalls competition by forcing consumers to buy domestic products. Yet, preventing competition from imports discourages domestic producers from making the improvements necessary to bring products up to the highest possible standards. Therefore, there is no domestic consumer advantage to banning imports of certain products.
Which of the following, if true, is most damaging to the conclusion?
A. Import bans can provide domestic producers the time they need to bring to market products they otherwise would not have the financial resources to develop.
B. Import bans on certain products often cause other countries, whose companies manufacture those products, to enact their own import bans.
C. A country's economic strength is more important to its survival than the availability of choice to its consumers.
D. When there is not a significant price difference, consumers tend to choose the products of domestic producers over those of foreign producers.
E. Bans and tariffs on imports can have unpredictable effects on currency exchange-rates.
Which of the following, if true, is most damaging to the conclusion?
A. Import bans can provide domestic producers the time they need to bring to market products they otherwise would not have the financial resources to develop.
B. Import bans on certain products often cause other countries, whose companies manufacture those products, to enact their own import bans.
C. A country's economic strength is more important to its survival than the availability of choice to its consumers.
D. When there is not a significant price difference, consumers tend to choose the products of domestic producers over those of foreign producers.
E. Bans and tariffs on imports can have unpredictable effects on currency exchange-rates.
07 Feb 2025, 03:18
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Conclusion: There is no domestic consumer advantage to banning imports of certain products.
Idea: Show there will be customer advantage owing to import ban
A. Import bans can provide domestic producers the time they need to bring to market products they otherwise would not have the financial resources to develop.
This makes sense, suggesting customers will get access to more products which the domestic producers were unable to bring to market before because of the competition (sans the competition, they will sell more, domestic producers will finances to produce these products)
B. Import bans on certain products often cause other countries, whose companies manufacture those products, to enact their own import bans.
Tricky. This could mean owing to ban from other country the exports will stop. However we don't know if that's going to be beneficial for the consumers. May be they will get good quality products being exported and may be even cheaper but we need to make a few assumptions for that IMO
C. A country's economic strength is more important to its survival than the availability of choice to its consumers.
We are not concerned about economic strength. This is irrelevant
D. When there is not a significant price difference, consumers tend to choose the products of domestic producers over those of foreign producers.
This will not benefit the customers unless the quality is superior or something, but nothing in the passage suggests that
E. Bans and tariffs on imports can have unpredictable effects on currency exchange-rates.
It has nothing to do with customer benefit. It might even suggest there will be disadvantage if the currency exchange rates get worse
Idea: Show there will be customer advantage owing to import ban
A. Import bans can provide domestic producers the time they need to bring to market products they otherwise would not have the financial resources to develop.
This makes sense, suggesting customers will get access to more products which the domestic producers were unable to bring to market before because of the competition (sans the competition, they will sell more, domestic producers will finances to produce these products)
B. Import bans on certain products often cause other countries, whose companies manufacture those products, to enact their own import bans.
Tricky. This could mean owing to ban from other country the exports will stop. However we don't know if that's going to be beneficial for the consumers. May be they will get good quality products being exported and may be even cheaper but we need to make a few assumptions for that IMO
C. A country's economic strength is more important to its survival than the availability of choice to its consumers.
We are not concerned about economic strength. This is irrelevant
D. When there is not a significant price difference, consumers tend to choose the products of domestic producers over those of foreign producers.
This will not benefit the customers unless the quality is superior or something, but nothing in the passage suggests that
E. Bans and tariffs on imports can have unpredictable effects on currency exchange-rates.
It has nothing to do with customer benefit. It might even suggest there will be disadvantage if the currency exchange rates get worse
Bunuel
07 Feb 2025, 03:46
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Which of the following, if true, is most damaging to the conclusion?
A. Import bans can provide domestic producers the time they need to bring to market products they otherwise would not have the financial resources to develop. Suitable This damages the conclusion most. As there is actually some domestic advantage to banning of imports. It will help domestic producers bring the equivalent products to markets, which further help domestic consumers by conserving the domestic forex reserve.
B. Import bans on certain products often cause other countries, whose companies manufacture those products, to enact their own import bans. Eliminated This only indicates at counter bans by external countries, which in a way strengthens the conclusion as domestic exports may be hurt.
C. A country's economic strength is more important to its survival than the availability of choice to its consumers. Eliminated This does nothing to the conclusion
D. When there is not a significant price difference, consumers tend to choose the products of domestic producers over those of foreign producers. Eliminated This weakens the conclusion. As it shows that there is no effect whatsoever on instituting such ban.
E. Bans and tariffs on imports can have unpredictable effects on currency exchange-rates. Eliminated This renders the effect of bans inconclusive.
A. Import bans can provide domestic producers the time they need to bring to market products they otherwise would not have the financial resources to develop. Suitable This damages the conclusion most. As there is actually some domestic advantage to banning of imports. It will help domestic producers bring the equivalent products to markets, which further help domestic consumers by conserving the domestic forex reserve.
B. Import bans on certain products often cause other countries, whose companies manufacture those products, to enact their own import bans. Eliminated This only indicates at counter bans by external countries, which in a way strengthens the conclusion as domestic exports may be hurt.
C. A country's economic strength is more important to its survival than the availability of choice to its consumers. Eliminated This does nothing to the conclusion
D. When there is not a significant price difference, consumers tend to choose the products of domestic producers over those of foreign producers. Eliminated This weakens the conclusion. As it shows that there is no effect whatsoever on instituting such ban.
E. Bans and tariffs on imports can have unpredictable effects on currency exchange-rates. Eliminated This renders the effect of bans inconclusive.
