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Economist: To increase exports, the government of Targania has planned to reduce the price at which it exports timber and has, therefore, reduced the price at which it buys timber from local manufacturers. Even though sales will increase, the plan, because of the lower profit margins, will lead to a decline in profits for timber manufacturers, forcing some of them into losses. Therefore, in the interest of the local manufacturers, the government should shelve the plan to increase the exports.Which of the following, if true, casts the most doubt on the economist’s recommendation?a)A recent survey by one of the most prominent trade magazines has suggested that a few other countries are also planning to cut down their timber prices in the international market.b)Targania’s new export price is above the minimum price limit of export timber imposed by the International Timber Export Countries Association (ITECA), a price below which no country is allowed to export timber.c)Many neighboring countries in the timber export market have imposed similar price restrictions and seen an increase in exports.d)Local manufacturers can make up for the reduced profits by selling other products more aggressively in the local market.e)The government uses the exports proceeds to invest in technological advancements to help the local industries to cut costs and most of such past programs have been successful.Correct answer is option 'E'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Economist: To increase exports, the government of Targania has planned to reduce the price at which it exports timber and has, therefore, reduced the price at which it buys timber from local manufacturers. Even though sales will increase, the plan, because of the lower profit margins, will lead to a decline in profits for timber manufacturers, forcing some of them into losses. Therefore, in the interest of the local manufacturers, the government should shelve the plan to increase the exports.Which of the following, if true, casts the most doubt on the economist’s recommendation?a)A recent survey by one of the most prominent trade magazines has suggested that a few other countries are also planning to cut down their timber prices in the international market.b)Targania’s new export price is above the minimum price limit of export timber imposed by the International Timber Export Countries Association (ITECA), a price below which no country is allowed to export timber.c)Many neighboring countries in the timber export market have imposed similar price restrictions and seen an increase in exports.d)Local manufacturers can make up for the reduced profits by selling other products more aggressively in the local market.e)The government uses the exports proceeds to invest in technological advancements to help the local industries to cut costs and most of such past programs have been successful.Correct answer is option 'E'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Economist: To increase exports, the government of Targania has planned to reduce the price at which it exports timber and has, therefore, reduced the price at which it buys timber from local manufacturers. Even though sales will increase, the plan, because of the lower profit margins, will lead to a decline in profits for timber manufacturers, forcing some of them into losses. Therefore, in the interest of the local manufacturers, the government should shelve the plan to increase the exports.Which of the following, if true, casts the most doubt on the economist’s recommendation?a)A recent survey by one of the most prominent trade magazines has suggested that a few other countries are also planning to cut down their timber prices in the international market.b)Targania’s new export price is above the minimum price limit of export timber imposed by the International Timber Export Countries Association (ITECA), a price below which no country is allowed to export timber.c)Many neighboring countries in the timber export market have imposed similar price restrictions and seen an increase in exports.d)Local manufacturers can make up for the reduced profits by selling other products more aggressively in the local market.e)The government uses the exports proceeds to invest in technological advancements to help the local industries to cut costs and most of such past programs have been successful.Correct answer is option 'E'. Can you explain this answer?.

Solutions for Economist: To increase exports, the government of Targania has planned to reduce the price at which it exports timber and has, therefore, reduced the price at which it buys timber from local manufacturers. Even though sales will increase, the plan, because of the lower profit margins, will lead to a decline in profits for timber manufacturers, forcing some of them into losses. Therefore, in the interest of the local manufacturers, the government should shelve the plan to increase the exports.Which of the following, if true, casts the most doubt on the economist’s recommendation?a)A recent survey by one of the most prominent trade magazines has suggested that a few other countries are also planning to cut down their timber prices in the international market.b)Targania’s new export price is above the minimum price limit of export timber imposed by the International Timber Export Countries Association (ITECA), a price below which no country is allowed to export timber.c)Many neighboring countries in the timber export market have imposed similar price restrictions and seen an increase in exports.d)Local manufacturers can make up for the reduced profits by selling other products more aggressively in the local market.e)The government uses the exports proceeds to invest in technological advancements to help the local industries to cut costs and most of such past programs have been successful.Correct answer is option 'E'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.

Here you can find the meaning of Economist: To increase exports, the government of Targania has planned to reduce the price at which it exports timber and has, therefore, reduced the price at which it buys timber from local manufacturers. Even though sales will increase, the plan, because of the lower profit margins, will lead to a decline in profits for timber manufacturers, forcing some of them into losses. Therefore, in the interest of the local manufacturers, the government should shelve the plan to increase the exports.Which of the following, if true, casts the most doubt on the economist’s recommendation?a)A recent survey by one of the most prominent trade magazines has suggested that a few other countries are also planning to cut down their timber prices in the international market.b)Targania’s new export price is above the minimum price limit of export timber imposed by the International Timber Export Countries Association (ITECA), a price below which no country is allowed to export timber.c)Many neighboring countries in the timber export market have imposed similar price restrictions and seen an increase in exports.d)Local manufacturers can make up for the reduced profits by selling other products more aggressively in the local market.e)The government uses the exports proceeds to invest in technological advancements to help the local industries to cut costs and most of such past programs have been successful.Correct answer is option 'E'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Economist: To increase exports, the government of Targania has planned to reduce the price at which it exports timber and has, therefore, reduced the price at which it buys timber from local manufacturers. Even though sales will increase, the plan, because of the lower profit margins, will lead to a decline in profits for timber manufacturers, forcing some of them into losses. Therefore, in the interest of the local manufacturers, the government should shelve the plan to increase the exports.Which of the following, if true, casts the most doubt on the economist’s recommendation?a)A recent survey by one of the most prominent trade magazines has suggested that a few other countries are also planning to cut down their timber prices in the international market.b)Targania’s new export price is above the minimum price limit of export timber imposed by the International Timber Export Countries Association (ITECA), a price below which no country is allowed to export timber.c)Many neighboring countries in the timber export market have imposed similar price restrictions and seen an increase in exports.d)Local manufacturers can make up for the reduced profits by selling other products more aggressively in the local market.e)The government uses the exports proceeds to invest in technological advancements to help the local industries to cut costs and most of such past programs have been successful.Correct answer is option 'E'. Can you explain this answer?, a detailed solution for Economist: To increase exports, the government of Targania has planned to reduce the price at which it exports timber and has, therefore, reduced the price at which it buys timber from local manufacturers. Even though sales will increase, the plan, because of the lower profit margins, will lead to a decline in profits for timber manufacturers, forcing some of them into losses. Therefore, in the interest of the local manufacturers, the government should shelve the plan to increase the exports.Which of the following, if true, casts the most doubt on the economist’s recommendation?a)A recent survey by one of the most prominent trade magazines has suggested that a few other countries are also planning to cut down their timber prices in the international market.b)Targania’s new export price is above the minimum price limit of export timber imposed by the International Timber Export Countries Association (ITECA), a price below which no country is allowed to export timber.c)Many neighboring countries in the timber export market have imposed similar price restrictions and seen an increase in exports.d)Local manufacturers can make up for the reduced profits by selling other products more aggressively in the local market.e)The government uses the exports proceeds to invest in technological advancements to help the local industries to cut costs and most of such past programs have been successful.Correct answer is option 'E'. Can you explain this answer? has been provided alongside types of Economist: To increase exports, the government of Targania has planned to reduce the price at which it exports timber and has, therefore, reduced the price at which it buys timber from local manufacturers. Even though sales will increase, the plan, because of the lower profit margins, will lead to a decline in profits for timber manufacturers, forcing some of them into losses. Therefore, in the interest of the local manufacturers, the government should shelve the plan to increase the exports.Which of the following, if true, casts the most doubt on the economist’s recommendation?a)A recent survey by one of the most prominent trade magazines has suggested that a few other countries are also planning to cut down their timber prices in the international market.b)Targania’s new export price is above the minimum price limit of export timber imposed by the International Timber Export Countries Association (ITECA), a price below which no country is allowed to export timber.c)Many neighboring countries in the timber export market have imposed similar price restrictions and seen an increase in exports.d)Local manufacturers can make up for the reduced profits by selling other products more aggressively in the local market.e)The government uses the exports proceeds to invest in technological advancements to help the local industries to cut costs and most of such past programs have been successful.Correct answer is option 'E'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Economist: To increase exports, the government of Targania has planned to reduce the price at which it exports timber and has, therefore, reduced the price at which it buys timber from local manufacturers. Even though sales will increase, the plan, because of the lower profit margins, will lead to a decline in profits for timber manufacturers, forcing some of them into losses. Therefore, in the interest of the local manufacturers, the government should shelve the plan to increase the exports.Which of the following, if true, casts the most doubt on the economist’s recommendation?a)A recent survey by one of the most prominent trade magazines has suggested that a few other countries are also planning to cut down their timber prices in the international market.b)Targania’s new export price is above the minimum price limit of export timber imposed by the International Timber Export Countries Association (ITECA), a price below which no country is allowed to export timber.c)Many neighboring countries in the timber export market have imposed similar price restrictions and seen an increase in exports.d)Local manufacturers can make up for the reduced profits by selling other products more aggressively in the local market.e)The government uses the exports proceeds to invest in technological advancements to help the local industries to cut costs and most of such past programs have been successful.Correct answer is option 'E'. 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