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In an attempt to improve the economic and social welfare of the people, the government has recently announced a scheme under which it will provide certain staple foods at 30% discount to the authorized dealers. The reduction in the prices of these foods will significantly improve the economic conditions of the people from low income groups.
Which of the following would be most useful to establish in evaluating the argument?
- a)Whether discounting the prices of staple foods is the only way to improve the economic and social welfare of the people
- b)Whether people with medium or high income groups will also benefit from the scheme
- c)Whether the expenditure on staple foods under question forms a significant chunk of the income of people from low income groups
- d)Whether the people from low-income groups will appreciate some other kind of financial assistance more than the one being offered by the government
- e)Whether this scheme would have an adverse impact on the budgetary allocation of other welfare initiatives taken by the government.
Correct answer is option 'E'. Can you explain this answer?
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Verified Answer
In an attempt to improve the economic and social welfare of the people...
Option ( E) is the correct answer.
Explanation:-
Option A) This is too extreme. We are not considered whole people. We are concerned only about low income people.
Option B) Who cares about medium or high income groups. We are concerned only about low income people.
Option C) If they say yes / no this doesn't give details where low income people are benefitted .
Option D)This is irrelevant.
Option E) If yes, only then the low Income people will be benefited.
So, option ( E) is the right one.
Most Upvoted Answer
In an attempt to improve the economic and social welfare of the people...
Evaluation of the Government Scheme to Provide Discounted Staple Foods
Background: The government has announced a scheme to provide certain staple foods at a 30% discount to authorized dealers in an attempt to improve the economic and social welfare of low-income groups.
Evaluation: To determine the effectiveness of the scheme, it is important to establish whether the following factors hold true:
1. Alternative ways to improve economic and social welfare: It is important to determine if discounting prices of staple foods is the only way to improve economic and social welfare. If there are other ways, the scheme may not be the most effective solution.
2. Benefit to medium and high-income groups: If medium or high-income groups also benefit from the scheme, it may not be as effective in improving the conditions of low-income groups.
3. Significance of staple food expenditure: It is important to determine if the expenditure on staple foods forms a significant chunk of the income of low-income groups. If it does not, the scheme may not be as effective in improving their economic conditions.
4. Reflective prices: It is important to determine if dealers will reflect the lower prices they pay the government in the prices they charge consumers. If they do not, the scheme may not benefit low-income groups as intended.
5. Adverse impact on budgetary allocation: It is important to determine if the scheme will have an adverse impact on the budgetary allocation of other initiatives taken by the government. If it does, the scheme may not be sustainable in the long run.
Conclusion: Of these factors, the most useful in evaluating the argument is whether dealers will reflect the lower prices they pay the government in the prices they charge consumers. This is because it directly affects the benefits that low-income groups will receive from the scheme.
Background: The government has announced a scheme to provide certain staple foods at a 30% discount to authorized dealers in an attempt to improve the economic and social welfare of low-income groups.
Evaluation: To determine the effectiveness of the scheme, it is important to establish whether the following factors hold true:
1. Alternative ways to improve economic and social welfare: It is important to determine if discounting prices of staple foods is the only way to improve economic and social welfare. If there are other ways, the scheme may not be the most effective solution.
2. Benefit to medium and high-income groups: If medium or high-income groups also benefit from the scheme, it may not be as effective in improving the conditions of low-income groups.
3. Significance of staple food expenditure: It is important to determine if the expenditure on staple foods forms a significant chunk of the income of low-income groups. If it does not, the scheme may not be as effective in improving their economic conditions.
4. Reflective prices: It is important to determine if dealers will reflect the lower prices they pay the government in the prices they charge consumers. If they do not, the scheme may not benefit low-income groups as intended.
5. Adverse impact on budgetary allocation: It is important to determine if the scheme will have an adverse impact on the budgetary allocation of other initiatives taken by the government. If it does, the scheme may not be sustainable in the long run.
Conclusion: Of these factors, the most useful in evaluating the argument is whether dealers will reflect the lower prices they pay the government in the prices they charge consumers. This is because it directly affects the benefits that low-income groups will receive from the scheme.
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In an attempt to improve the economic and social welfare of the people, the government has recently announced a scheme under which it will provide certain staple foods at 30% discount to the authorized dealers. The reduction in the prices of these foods will significantly improve the economic conditions of the people from low income groups.Which of the following would be most useful to establish in evaluating the argument?a)Whether discounting the prices of staple foods is the only way to improve the economic and social welfare of the peopleb)Whether people with medium or high income groups will also benefit from the schemec)Whether the expenditure on staple foods under question forms a significant chunk of the income of people from low income groupsd)Whether the people from low-income groups will appreciate some other kind of financial assistance more than the one being offered by the governmente)Whether this scheme would have an adverse impact on the budgetary allocation of other welfare initiatives taken by the government.Correct answer is option 'E'. Can you explain this answer?
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In an attempt to improve the economic and social welfare of the people, the government has recently announced a scheme under which it will provide certain staple foods at 30% discount to the authorized dealers. The reduction in the prices of these foods will significantly improve the economic conditions of the people from low income groups.Which of the following would be most useful to establish in evaluating the argument?a)Whether discounting the prices of staple foods is the only way to improve the economic and social welfare of the peopleb)Whether people with medium or high income groups will also benefit from the schemec)Whether the expenditure on staple foods under question forms a significant chunk of the income of people from low income groupsd)Whether the people from low-income groups will appreciate some other kind of financial assistance more than the one being offered by the governmente)Whether this scheme would have an adverse impact on the budgetary allocation of other welfare initiatives taken by the government.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 In an attempt to improve the economic and social welfare of the people, the government has recently announced a scheme under which it will provide certain staple foods at 30% discount to the authorized dealers. The reduction in the prices of these foods will significantly improve the economic conditions of the people from low income groups.Which of the following would be most useful to establish in evaluating the argument?a)Whether discounting the prices of staple foods is the only way to improve the economic and social welfare of the peopleb)Whether people with medium or high income groups will also benefit from the schemec)Whether the expenditure on staple foods under question forms a significant chunk of the income of people from low income groupsd)Whether the people from low-income groups will appreciate some other kind of financial assistance more than the one being offered by the governmente)Whether this scheme would have an adverse impact on the budgetary allocation of other welfare initiatives taken by the government.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 In an attempt to improve the economic and social welfare of the people, the government has recently announced a scheme under which it will provide certain staple foods at 30% discount to the authorized dealers. The reduction in the prices of these foods will significantly improve the economic conditions of the people from low income groups.Which of the following would be most useful to establish in evaluating the argument?a)Whether discounting the prices of staple foods is the only way to improve the economic and social welfare of the peopleb)Whether people with medium or high income groups will also benefit from the schemec)Whether the expenditure on staple foods under question forms a significant chunk of the income of people from low income groupsd)Whether the people from low-income groups will appreciate some other kind of financial assistance more than the one being offered by the governmente)Whether this scheme would have an adverse impact on the budgetary allocation of other welfare initiatives taken by the government.Correct answer is option 'E'. Can you explain this answer?.
In an attempt to improve the economic and social welfare of the people, the government has recently announced a scheme under which it will provide certain staple foods at 30% discount to the authorized dealers. The reduction in the prices of these foods will significantly improve the economic conditions of the people from low income groups.Which of the following would be most useful to establish in evaluating the argument?a)Whether discounting the prices of staple foods is the only way to improve the economic and social welfare of the peopleb)Whether people with medium or high income groups will also benefit from the schemec)Whether the expenditure on staple foods under question forms a significant chunk of the income of people from low income groupsd)Whether the people from low-income groups will appreciate some other kind of financial assistance more than the one being offered by the governmente)Whether this scheme would have an adverse impact on the budgetary allocation of other welfare initiatives taken by the government.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 In an attempt to improve the economic and social welfare of the people, the government has recently announced a scheme under which it will provide certain staple foods at 30% discount to the authorized dealers. The reduction in the prices of these foods will significantly improve the economic conditions of the people from low income groups.Which of the following would be most useful to establish in evaluating the argument?a)Whether discounting the prices of staple foods is the only way to improve the economic and social welfare of the peopleb)Whether people with medium or high income groups will also benefit from the schemec)Whether the expenditure on staple foods under question forms a significant chunk of the income of people from low income groupsd)Whether the people from low-income groups will appreciate some other kind of financial assistance more than the one being offered by the governmente)Whether this scheme would have an adverse impact on the budgetary allocation of other welfare initiatives taken by the government.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 In an attempt to improve the economic and social welfare of the people, the government has recently announced a scheme under which it will provide certain staple foods at 30% discount to the authorized dealers. The reduction in the prices of these foods will significantly improve the economic conditions of the people from low income groups.Which of the following would be most useful to establish in evaluating the argument?a)Whether discounting the prices of staple foods is the only way to improve the economic and social welfare of the peopleb)Whether people with medium or high income groups will also benefit from the schemec)Whether the expenditure on staple foods under question forms a significant chunk of the income of people from low income groupsd)Whether the people from low-income groups will appreciate some other kind of financial assistance more than the one being offered by the governmente)Whether this scheme would have an adverse impact on the budgetary allocation of other welfare initiatives taken by the government.Correct answer is option 'E'. Can you explain this answer?.
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