首页
登录
职称英语
Which of the following most logically completes the market forecaster’s argument
Which of the following most logically completes the market forecaster’s argument
游客
2024-01-12
52
管理
问题
Which of the following most logically completes the market forecaster’s argument?
Market forecaster: The price of pecans is high when pecans are comparatively scarce but drops sharply when pecans are abundant. Thus, in high-yield years, growers often store part of their crop in refrigerated warehouses until after the next year’s harvest, hoping for higher prices then. Because of bad weather, this year’s pecan crop will be very small. Nevertheless, pecan prices this year will not be significantly higher than last year, since__________.
选项
A、the last time the pecan crop was as small as it was this year, the practice of holding back part of one year’s crop had not yet become widely established
B、last year’s pecan harvest was the largest in the last 40 years
C、pecan prices have remained relatively stable in recent years
D、pecan yields for some farmers were as high this year as they had been last year
E、the quality of this year’s pecan crop is as high as the quality of any pecan crop in the previous five years
答案
B
解析
Argument Construction
Situation The price of pecans fluctuates based on the fluctuations in market supplies. When pecan farmers have a large harvest, they tend to save some of the crop in refrigerated storage until the following year, hoping to get higher prices then. This year’s crop will be very small. But prices are not predicted to be significantly higher than last year.
Reasoning What can most reasonably complete the argument by filling in the blank? In other words, what would be the best reason for the prediction about this year’s prices? This year’s prices will be determined by the total market supply of pecans; this will include not only freshly harvested pecans but also pecans that were kept in storage from last year’s harvest. Information about the relative size of last year’s harvest could be partial evidence for a prediction about this year’s prices.
A What this tells us, in effect, is that previous experience with very poor harvests provide a poor guide about this year’s total market supply, since the practice of refrigerated storage of pecans had not existed then.
B Correct. This tells us that there was probably an unprecedented quantity of pecans in refrigerated storage from last year, so it is likely that the market supply of pecans this year will be relatively normal despite the poor harvest. This means that this year’s prices will not be much higher than last year’s; last year, the total pecan harvest was enormous and market supply probably relatively large.
C This creates a general expectation of prices not being inordinately high this year, but since the harvest this year was "very small," such a general expectation could remain unfulfilled, absent countervailing factors.
D This information is too vague to be useful. What percentage of farmers obtained satisfactory yields? Were these yields on farms that were by far the largest or the smallest?
E The reasoning is silent on the issue of pecan quality, even though perceived quality could perhaps affect prices obtained. The additional information does not tell us that this year’s quality is better than that found in recent harvests.
The correct answer is B.
转载请注明原文地址:https://tihaiku.com/zcyy/3357385.html
相关试题推荐
Thefollowingdatasufficiencyproblemsconsistofaquestionandtwostatements
Thefollowingdatasufficiencyproblemsconsistofaquestionandtwostatements
Whichofthefollowingisequaltothecubeofanon-integer?A、-64B、-1C、8D、9
Thefollowingdatasufficiencyproblemsconsistofaquestionandtwostatements
Ifthesumoffiveconsecutiveoddintegersis5,whichofthefollowingcouldb
Ifrisnegativeandsispositive,whichofthefollowingmustbenegative?A、|r
Ifxandyareoddintegers,whichofthefollowingmustalwaysbeanon-integer
Thefollowingdatasufficiencyproblemsconsistofaquestionandtwostatements
Whichofthefollowingcouldbetheequationoflinelinthefigureabove?[img]
36Ifxisanintegerandy=4x+3,whichofthefollowingcannotbeadivisorof
随机试题
[originaltext]W:Hello,Brindall’sEstateAgentshere.HowmayIhelpyou?M:O
ItisnotoftenrealizedthatwomenheldahighplaceinsouthernEuropeans
Sometimeago,aninterestingdiscoverywasmadeby【C1】______ontheAegeani
期货公司应当按照规定( )风险准备金,不得挪作他用。A.提取 B.管理
下列有关基金管理公司治理中的原则中,有误的一项是( )。A.股东及其实际控制人
下述有关β受体阻滞药的适应证中错误的是A.慢性心功能不全 B.支气管哮喘 C
磺酰脲类与下列哪些药物合用时可引起低血糖反应A.糖皮质激素 B.氢氯噻嗪 C
补齐技能短板,提高就业能力 【背景链接】 为困难企业转岗职工提供有针
某女,60岁。患高血压病7年近1周头痛如锥刺,痛处固定不移,反复发作,头晕目眩,
隧道围岩分级的综合评判方法根据( )来确定隧道围岩分级。A.岩石坚硬程度 B.
最新回复
(
0
)