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Critics insist that government regulation of business has made it more difficult for American businesses to operate profitably and has destroyed their ability to compete with foreign producers of consumer goods. This argument is not compelling. Government regulation of business was never as active in this nation as it was between the years 1975 and 1985, and in those years the average net worth of American family increased more than it had in any previous decade.
The author’s argument would be most seriously weakened if it were true that
  • a)
    80 percent of all businesses started during the decade 1975-1985 lost money in their first year.
  • b)
    More businesses declared bankruptcy during the period 1975-1985 than in any previous decade.
  • c)
    During the decade 1975-1985, America imported more consumer goods than it exported.
  • d)
    The increase in net worth of average American families during the years 1975-1985 was largely due to an increase in the value of residential homes.
  • e)
    The average interest rate charged on business and home mortgage loans was higher during the decade 1975-1985 than it had been in any previous decade.
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Critics insist that government regulation of business has made it more...
ID the question: The key words are most seriously weakened. Work the argument: C: The idea that government regulation hinders profits is invalid. P: From 1975–1985, when government regulation was very active, the average net worth of American families rose. Gap: Business profits——families’ net worth. A: The profitability of businesses caused the average net worth of American families to rise. (D) provides an alternate reason why families were richer. (A) Is 80% better or worse than normal? Irrelevant. (B) Isn’t strong enough because it doesn’t list bankruptcies as a percentage of the whole. (C) Is out of the scope. If (E) were true, how would average net worth of families rise?
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Critics insist that government regulation of business has made it more...
Explanation:

Key Point: The author argues that government regulation of business between 1975 and 1985 did not hinder the profitability and competitiveness of American businesses, as shown by the increase in the average net worth of American families during that period.

Weakener: The author's argument would be most seriously weakened if it were true that the increase in net worth of average American families during the years 1975-1985 was largely due to an increase in the value of residential homes.

Explanation: If the increase in net worth was primarily due to the rise in residential home values, it would suggest that other factors, such as government regulation of business, may not have been as influential in driving the increase in net worth. This weakens the author's argument that government regulation did not hinder the profitability and competitiveness of American businesses during that period.

Implication: It implies that the success and growth of American families' net worth during 1975-1985 may not be directly linked to the lack of hindrance from government regulations on businesses. This weakens the argument that government regulation did not affect businesses' profitability and competitiveness during that time.
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Critics insist that government regulation of business has made it more difficult for American businesses to operate profitably and has destroyed their ability to compete with foreign producers of consumer goods. This argument is not compelling. Government regulation of business was never as active in this nation as it was between the years 1975 and 1985, and in those years the average net worth of American family increased more than it had in any previous decade.The author’s argument would be most seriously weakened if it were true thata)80 percent of all businesses started during the decade 1975-1985 lost money in their first year.b)More businesses declared bankruptcy during the period 1975-1985 than in any previous decade.c)During the decade 1975-1985, America imported more consumer goods than it exported.d)The increase in net worth of average American families during the years 1975-1985 was largely due to an increase in the value of residential homes.e)The average interest rate charged on business and home mortgage loans was higher during the decade 1975-1985 than it had been in any previous decade.Correct answer is option 'D'. Can you explain this answer?
Question Description
Critics insist that government regulation of business has made it more difficult for American businesses to operate profitably and has destroyed their ability to compete with foreign producers of consumer goods. This argument is not compelling. Government regulation of business was never as active in this nation as it was between the years 1975 and 1985, and in those years the average net worth of American family increased more than it had in any previous decade.The author’s argument would be most seriously weakened if it were true thata)80 percent of all businesses started during the decade 1975-1985 lost money in their first year.b)More businesses declared bankruptcy during the period 1975-1985 than in any previous decade.c)During the decade 1975-1985, America imported more consumer goods than it exported.d)The increase in net worth of average American families during the years 1975-1985 was largely due to an increase in the value of residential homes.e)The average interest rate charged on business and home mortgage loans was higher during the decade 1975-1985 than it had been in any previous decade.Correct answer is option 'D'. 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 Critics insist that government regulation of business has made it more difficult for American businesses to operate profitably and has destroyed their ability to compete with foreign producers of consumer goods. This argument is not compelling. Government regulation of business was never as active in this nation as it was between the years 1975 and 1985, and in those years the average net worth of American family increased more than it had in any previous decade.The author’s argument would be most seriously weakened if it were true thata)80 percent of all businesses started during the decade 1975-1985 lost money in their first year.b)More businesses declared bankruptcy during the period 1975-1985 than in any previous decade.c)During the decade 1975-1985, America imported more consumer goods than it exported.d)The increase in net worth of average American families during the years 1975-1985 was largely due to an increase in the value of residential homes.e)The average interest rate charged on business and home mortgage loans was higher during the decade 1975-1985 than it had been in any previous decade.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Critics insist that government regulation of business has made it more difficult for American businesses to operate profitably and has destroyed their ability to compete with foreign producers of consumer goods. This argument is not compelling. Government regulation of business was never as active in this nation as it was between the years 1975 and 1985, and in those years the average net worth of American family increased more than it had in any previous decade.The author’s argument would be most seriously weakened if it were true thata)80 percent of all businesses started during the decade 1975-1985 lost money in their first year.b)More businesses declared bankruptcy during the period 1975-1985 than in any previous decade.c)During the decade 1975-1985, America imported more consumer goods than it exported.d)The increase in net worth of average American families during the years 1975-1985 was largely due to an increase in the value of residential homes.e)The average interest rate charged on business and home mortgage loans was higher during the decade 1975-1985 than it had been in any previous decade.Correct answer is option 'D'. Can you explain this answer?.
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Government regulation of business was never as active in this nation as it was between the years 1975 and 1985, and in those years the average net worth of American family increased more than it had in any previous decade.The author’s argument would be most seriously weakened if it were true thata)80 percent of all businesses started during the decade 1975-1985 lost money in their first year.b)More businesses declared bankruptcy during the period 1975-1985 than in any previous decade.c)During the decade 1975-1985, America imported more consumer goods than it exported.d)The increase in net worth of average American families during the years 1975-1985 was largely due to an increase in the value of residential homes.e)The average interest rate charged on business and home mortgage loans was higher during the decade 1975-1985 than it had been in any previous decade.Correct answer is option 'D'. 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Government regulation of business was never as active in this nation as it was between the years 1975 and 1985, and in those years the average net worth of American family increased more than it had in any previous decade.The author’s argument would be most seriously weakened if it were true thata)80 percent of all businesses started during the decade 1975-1985 lost money in their first year.b)More businesses declared bankruptcy during the period 1975-1985 than in any previous decade.c)During the decade 1975-1985, America imported more consumer goods than it exported.d)The increase in net worth of average American families during the years 1975-1985 was largely due to an increase in the value of residential homes.e)The average interest rate charged on business and home mortgage loans was higher during the decade 1975-1985 than it had been in any previous decade.Correct answer is option 'D'. 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Government regulation of business was never as active in this nation as it was between the years 1975 and 1985, and in those years the average net worth of American family increased more than it had in any previous decade.The author’s argument would be most seriously weakened if it were true thata)80 percent of all businesses started during the decade 1975-1985 lost money in their first year.b)More businesses declared bankruptcy during the period 1975-1985 than in any previous decade.c)During the decade 1975-1985, America imported more consumer goods than it exported.d)The increase in net worth of average American families during the years 1975-1985 was largely due to an increase in the value of residential homes.e)The average interest rate charged on business and home mortgage loans was higher during the decade 1975-1985 than it had been in any previous decade.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Critics insist that government regulation of business has made it more difficult for American businesses to operate profitably and has destroyed their ability to compete with foreign producers of consumer goods. This argument is not compelling. Government regulation of business was never as active in this nation as it was between the years 1975 and 1985, and in those years the average net worth of American family increased more than it had in any previous decade.The author’s argument would be most seriously weakened if it were true thata)80 percent of all businesses started during the decade 1975-1985 lost money in their first year.b)More businesses declared bankruptcy during the period 1975-1985 than in any previous decade.c)During the decade 1975-1985, America imported more consumer goods than it exported.d)The increase in net worth of average American families during the years 1975-1985 was largely due to an increase in the value of residential homes.e)The average interest rate charged on business and home mortgage loans was higher during the decade 1975-1985 than it had been in any previous decade.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice GMAT tests.
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