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In an attempt to improve economic and social welfare of the people, the Hortland government has recently announced a scheme under which the government would provide certain staple foods at 30% discount to the authorized dealers. As the price of these staple foods will reduce, the low income consumers would surely be benefitted by the scheme.
Which of the following would be most useful to establish in evaluating the argument?
- a)Whether discounting the staple prices is the only way to improve the economic and social welfare of the people?
- b)Whether consumer with medium or high income groups would also be benefitted by the scheme?
- c)Whether the discounted staples generate a significantly high demand in low income group?
- d)Whether the prices that dealers charge for the staples will reflect the lower prices they would be paying the government.
- e)Whether this scheme would have adverse impact on budgetary allocation of other initiative taken by the government.
Correct answer is option 'D'. Can you explain this answer?
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In an attempt to improve economic and social welfare of the people, th...
A. Whether discounting the staple prices is the only way to improve the economic and social welfare of the people?
This option questions whether there are alternative methods or approaches that could potentially be more effective in improving economic and social welfare. While relevant, it does not directly address the impact or effectiveness of the specific scheme in question.
This option questions whether there are alternative methods or approaches that could potentially be more effective in improving economic and social welfare. While relevant, it does not directly address the impact or effectiveness of the specific scheme in question.
B. Whether consumers with medium or high income groups would also be benefitted by the scheme?
This option explores whether the scheme extends its benefits beyond low-income consumers. Understanding whether higher-income groups would also benefit helps assess the fairness and potential impact of the scheme on different socioeconomic groups.
This option explores whether the scheme extends its benefits beyond low-income consumers. Understanding whether higher-income groups would also benefit helps assess the fairness and potential impact of the scheme on different socioeconomic groups.
C. Whether the discounted staples generate a significantly high demand in the low-income group?
This option assesses the effectiveness of the scheme by examining the level of demand generated among the target audience (low-income group). If the discounted staples are not generating a significant demand, it raises concerns about the scheme's efficacy in benefiting the intended beneficiaries.
This option assesses the effectiveness of the scheme by examining the level of demand generated among the target audience (low-income group). If the discounted staples are not generating a significant demand, it raises concerns about the scheme's efficacy in benefiting the intended beneficiaries.
D. Whether the prices that dealers charge for the staples will reflect the lower prices they would be paying the government.
This option is crucial for evaluating whether the discount provided by the government is being passed on to the consumers. If the dealers do not reflect the lower prices in the prices they charge the consumers, it would undermine the intended benefits of the scheme for low-income consumers.
This option is crucial for evaluating whether the discount provided by the government is being passed on to the consumers. If the dealers do not reflect the lower prices in the prices they charge the consumers, it would undermine the intended benefits of the scheme for low-income consumers.
E. Whether this scheme would have an adverse impact on the budgetary allocation of other initiatives taken by the government.
This option examines the potential repercussions of the scheme on the government's budget and its allocation to other initiatives. It helps evaluate the overall feasibility and sustainability of the scheme in the context of the government's broader budgetary considerations.
This option examines the potential repercussions of the scheme on the government's budget and its allocation to other initiatives. It helps evaluate the overall feasibility and sustainability of the scheme in the context of the government's broader budgetary considerations.
Among these options, option (D) is the most useful in evaluating the argument. It directly addresses whether the scheme's benefits in the form of lower prices are actually passed on to the consumers by examining the prices charged by the dealers. This information is crucial to determine the effectiveness and impact of the scheme on low-income consumers.
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In an attempt to improve economic and social welfare of the people, the Hortland government has recently announced a scheme under which the government would provide certain staple foods at 30% discount to the authorized dealers. As the price of these staple foods will reduce, the low income consumers would surely be benefitted by the scheme.Which of the following would be most useful to establish in evaluating the argument?a)Whether discounting the staple prices is the only way to improve the economic and social welfare of the people?b)Whether consumer with medium or high income groups would also be benefitted by the scheme?c)Whether the discounted staples generate a significantly high demand in low income group?d)Whether the prices that dealers charge for the staples will reflect the lower prices they would be paying the government.e)Whether this scheme would have adverse impact on budgetary allocation of other initiative taken by the government.Correct answer is option 'D'. Can you explain this answer?
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In an attempt to improve economic and social welfare of the people, the Hortland government has recently announced a scheme under which the government would provide certain staple foods at 30% discount to the authorized dealers. As the price of these staple foods will reduce, the low income consumers would surely be benefitted by the scheme.Which of the following would be most useful to establish in evaluating the argument?a)Whether discounting the staple prices is the only way to improve the economic and social welfare of the people?b)Whether consumer with medium or high income groups would also be benefitted by the scheme?c)Whether the discounted staples generate a significantly high demand in low income group?d)Whether the prices that dealers charge for the staples will reflect the lower prices they would be paying the government.e)Whether this scheme would have adverse impact on budgetary allocation of other initiative taken by the government.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 In an attempt to improve economic and social welfare of the people, the Hortland government has recently announced a scheme under which the government would provide certain staple foods at 30% discount to the authorized dealers. As the price of these staple foods will reduce, the low income consumers would surely be benefitted by the scheme.Which of the following would be most useful to establish in evaluating the argument?a)Whether discounting the staple prices is the only way to improve the economic and social welfare of the people?b)Whether consumer with medium or high income groups would also be benefitted by the scheme?c)Whether the discounted staples generate a significantly high demand in low income group?d)Whether the prices that dealers charge for the staples will reflect the lower prices they would be paying the government.e)Whether this scheme would have adverse impact on budgetary allocation of other initiative taken by the government.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 In an attempt to improve economic and social welfare of the people, the Hortland government has recently announced a scheme under which the government would provide certain staple foods at 30% discount to the authorized dealers. As the price of these staple foods will reduce, the low income consumers would surely be benefitted by the scheme.Which of the following would be most useful to establish in evaluating the argument?a)Whether discounting the staple prices is the only way to improve the economic and social welfare of the people?b)Whether consumer with medium or high income groups would also be benefitted by the scheme?c)Whether the discounted staples generate a significantly high demand in low income group?d)Whether the prices that dealers charge for the staples will reflect the lower prices they would be paying the government.e)Whether this scheme would have adverse impact on budgetary allocation of other initiative taken by the government.Correct answer is option 'D'. Can you explain this answer?.
In an attempt to improve economic and social welfare of the people, the Hortland government has recently announced a scheme under which the government would provide certain staple foods at 30% discount to the authorized dealers. As the price of these staple foods will reduce, the low income consumers would surely be benefitted by the scheme.Which of the following would be most useful to establish in evaluating the argument?a)Whether discounting the staple prices is the only way to improve the economic and social welfare of the people?b)Whether consumer with medium or high income groups would also be benefitted by the scheme?c)Whether the discounted staples generate a significantly high demand in low income group?d)Whether the prices that dealers charge for the staples will reflect the lower prices they would be paying the government.e)Whether this scheme would have adverse impact on budgetary allocation of other initiative taken by the government.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 In an attempt to improve economic and social welfare of the people, the Hortland government has recently announced a scheme under which the government would provide certain staple foods at 30% discount to the authorized dealers. As the price of these staple foods will reduce, the low income consumers would surely be benefitted by the scheme.Which of the following would be most useful to establish in evaluating the argument?a)Whether discounting the staple prices is the only way to improve the economic and social welfare of the people?b)Whether consumer with medium or high income groups would also be benefitted by the scheme?c)Whether the discounted staples generate a significantly high demand in low income group?d)Whether the prices that dealers charge for the staples will reflect the lower prices they would be paying the government.e)Whether this scheme would have adverse impact on budgetary allocation of other initiative taken by the government.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 In an attempt to improve economic and social welfare of the people, the Hortland government has recently announced a scheme under which the government would provide certain staple foods at 30% discount to the authorized dealers. As the price of these staple foods will reduce, the low income consumers would surely be benefitted by the scheme.Which of the following would be most useful to establish in evaluating the argument?a)Whether discounting the staple prices is the only way to improve the economic and social welfare of the people?b)Whether consumer with medium or high income groups would also be benefitted by the scheme?c)Whether the discounted staples generate a significantly high demand in low income group?d)Whether the prices that dealers charge for the staples will reflect the lower prices they would be paying the government.e)Whether this scheme would have adverse impact on budgetary allocation of other initiative taken by the government.Correct answer is option 'D'. Can you explain this answer?.
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