It is currently 21 Sep 2017, 16:19

### 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

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# Which of the following most logically completes the

Author Message
TAGS:

### Hide Tags

Senior Manager
Joined: 23 May 2005
Posts: 264

Kudos [?]: 53 [0], given: 0

Location: Sing/ HK
Which of the following most logically completes the [#permalink]

### Show Tags

20 Oct 2006, 02:28
00:00

Difficulty:

(N/A)

Question Stats:

67% (01:28) correct 33% (01:34) wrong based on 12 sessions

### HideShow timer Statistics

Which of the following most logically completes the argument?

Utrania was formerly a major pertroleum exporter, but in recent decades economic stagnation and restrictive regulations inhibited invesment in new oil fields. In consequence, Utranian oil exports dropped steadily as old fields became depleted. Utrania's currenty improving economic situation, together with less-restrictive regulations, will undoubtedly result in the rapid development of new fields. However, it would be premature to conclude that the rapid development of new fields will result in higher oil exports, because ___________.

a. the price of oil is expected to remain relatively stable over the next several years

b. the improvement in the econ situation in Utrania is expected to result in a dramatic increase in the proportion of Utranians who own automobiles

c. most of the investment in new oil fields in Utrania is expected to come from foreign sources

d. new tech is available to recover oil from old oil fields formerly regarded as depleted

e. many of the new oil fields in Utrania are likely to be as productive as those that were developed during the period when Utrania was a major oil exporter

Kudos [?]: 53 [0], given: 0

Director
Joined: 06 Feb 2006
Posts: 893

Kudos [?]: 117 [0], given: 0

### Show Tags

20 Oct 2006, 02:38
I see B as the only reasonable explanation....

Kudos [?]: 117 [0], given: 0

Manager
Joined: 25 Sep 2006
Posts: 150

Kudos [?]: 7 [0], given: 0

### Show Tags

20 Oct 2006, 02:51
B 2

Kudos [?]: 7 [0], given: 0

Intern
Joined: 06 Sep 2006
Posts: 27

Kudos [?]: 2 [0], given: 0

### Show Tags

20 Oct 2006, 04:47
E looks Right.....

Kudos [?]: 2 [0], given: 0

VP
Joined: 21 Aug 2006
Posts: 1013

Kudos [?]: 38 [0], given: 0

### Show Tags

20 Oct 2006, 06:39
one more B. Oil is going to be consumed internally, and hence not sure of exports. Sounds logical.
_________________

The path is long, but self-surrender makes it short;
the way is difficult, but perfect trust makes it easy.

Kudos [?]: 38 [0], given: 0

Director
Joined: 23 Jun 2005
Posts: 840

Kudos [?]: 85 [0], given: 1

GMAT 1: 740 Q48 V42

### Show Tags

20 Oct 2006, 09:58
Only B makes any sense.
More automobiles = more demand for oil within Ultrania = less oil available for export.

Kudos [?]: 85 [0], given: 1

Senior Manager
Joined: 11 Jul 2006
Posts: 378

Kudos [?]: 15 [0], given: 0

Location: TX

### Show Tags

20 Oct 2006, 12:08
B is the only one which logically fits into the sentence.

Kudos [?]: 15 [0], given: 0

Manager
Joined: 04 Oct 2006
Posts: 120

Kudos [?]: 2 [0], given: 0

Location: Florida, Argentina, UK

### Show Tags

21 Oct 2006, 16:20
My vote for B.
Hermione wrote:
a. the price of oil is expected to remain relatively stable over the next several years
less uncertainty, more exports
b. the improvement in the econ situation in Utrania is expected to result in a dramatic increase in the proportion of Utranians who own automobiles
higher internal demand, higher supply needed
c. most of the investment in new oil fields in Utrania is expected to come from foreign sources
foreign companies will import more oil
d. new tech is available to recover oil from old oil fields formerly regarded as depleted
so what?
e. many of the new oil fields in Utrania are likely to be as productive as those that were developed during the period when Utrania was a major oil exporter

more supply = more oil for exporting

Kudos [?]: 2 [0], given: 0

Director
Joined: 06 Sep 2006
Posts: 736

Kudos [?]: 49 [0], given: 0

### Show Tags

21 Oct 2006, 20:12
Yeah B for me as well.

More local cosumption may eradicate chances for better export.

Kudos [?]: 49 [0], given: 0

Current Student
Joined: 29 Jan 2005
Posts: 5210

Kudos [?]: 432 [0], given: 0

### Show Tags

21 Oct 2006, 22:13
Ultranian's will be driving around in gas guzzling Hummers and therefore use a considerable amount of the domestic resources for themselves.

(B)

Kudos [?]: 432 [0], given: 0

Manager
Joined: 28 Sep 2011
Posts: 200

Kudos [?]: 92 [0], given: 5

Re: Which of the following most logically completes the [#permalink]

### Show Tags

24 Mar 2012, 15:57
I have chosen the answer B for this question:

This passage states reasons why Utrania was having difficulty with their exports. However, the passage goes on to state that the reasons that were inhibiting oil export have been removed. The passage then finishes off by saying that it is too early to tell if exports will increase. We need to supply a premise for this.

A. This is an incorrect answer choice. The reason is because if the price of oil is expected to remain stable, you would expect oil exports to increase.

B. This is the correct answer - it states that with a better economic situation in Utrania, more of the oil would be consumed internally and so less would be exported.

C. This answer is incorrect. If more investment is coming in from foreign sources, you would expect a rapid development of oil fields and more oil production, leading to increased exports.

D. If new technology is available, again you would export more oil production and increased exports.

E. If the fields are going to be as productive, this would suggest that we have good oil production and would explain why exports would increase.

Kudos [?]: 92 [0], given: 5

Manager
Joined: 28 Apr 2011
Posts: 177

Kudos [?]: 9 [0], given: 6

Re: Which of the following most logically completes the [#permalink]

### Show Tags

28 Mar 2012, 04:50
Standard demand supply and opportunity cost analysis...B it is
cheers...

Kudos [?]: 9 [0], given: 6

Re: Which of the following most logically completes the   [#permalink] 28 Mar 2012, 04:50
Similar topics Replies Last post
Similar
Topics:
1 Which of the following most logically completes the 6 27 Feb 2012, 01:18
22 Which of the following most logically completes the 12 02 Jul 2016, 19:49
Which of the following most logically completes the 11 22 Mar 2012, 16:53
18 Which of the following most logically completes the 23 09 Jan 2016, 22:54
Which of the following most logically completes the 24 18 Jul 2012, 03:15
Display posts from previous: Sort by