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Zambia is a closed economy in which the best and the brightest work fo

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Zambia is a closed economy in which the best and the brightest work fo  [#permalink]

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New post 01 Oct 2018, 04:39
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Zambia is a closed economy in which the best and the brightest work for domestic companies and few foreign companies operate. Because of limited innovation by domestic companies, the economic growth in Zambia has been non-existent. To spur innovation, the government has proposed allowing foreign companies to operate in Zambia. While this move may increase the overall economic growth in Zambia, it will increase competition for local talent, thereby decreasing the domestic companies’ overall ability to innovate.



Which of the following is an assumption made in the argument?

A.Foreign competition will not spur the innovation engine at domestic companies, which has been stagnant because of lack of competition.

B.Innovation by foreign companies is not likely to improve the rate of economic growth in Zambia.

C.Lack of domestic innovation today is primarily caused by the complacency of domestic companies which face little competition.

D.Management practices brought and shared by the foreign companies in Zambia will not significantly enhance the ability of domestic companies to innovate with whatever workforce they are left with.

E.Many foreign companies that start operating in Zambia do not offer below average wages to the local talent.
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Re: Zambia is a closed economy in which the best and the brightest work fo  [#permalink]

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New post 01 Oct 2018, 04:44
zac123 wrote:
Zambia is a closed economy in which the best and the brightest work for domestic companies and few foreign companies operate. Because of limited innovation by domestic companies, the economic growth in Zambia has been non-existent. To spur innovation, the government has proposed allowing foreign companies to operate in Zambia. While this move may increase the overall economic growth in Zambia, it will increase competition for local talent, thereby decreasing the domestic companies’ overall ability to innovate.



Which of the following is an assumption made in the argument?

A.Foreign competition will not spur the innovation engine at domestic companies, which has been stagnant because of lack of competition.

B.Innovation by foreign companies is not likely to improve the rate of economic growth in Zambia.

C.Lack of domestic innovation today is primarily caused by the complacency of domestic companies which face little competition.

D.Management practices brought and shared by the foreign companies in Zambia will not significantly enhance the ability of domestic companies to innovate with whatever workforce they are left with.

E.Many foreign companies that start operating in Zambia do not offer below average wages to the local talent.



Discussed here: https://gmatclub.com/forum/zambia-is-a- ... 61085.html
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Re: Zambia is a closed economy in which the best and the brightest work fo   [#permalink] 01 Oct 2018, 04:44
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