QUESTION TEXT: Some government economists view their home countries…
QUESTION TYPE: Sufficient Assumption
CONCLUSION: Government economists need to consider economies outside of their borders. Otherwise their own economies won’t prosper.
REASONING: Economics is not a closed system. Conditions in other countries affect wages and prices in the home economy.
ANALYSIS: This argument successfully proves that foreign economies matter. What it hasn’t shown is if it matters whether economists are aware of this. It could be that economies will succeed even without government economists’ help.
- CORRECT. This establishes that government economists must examine everything that affects their economy (including foreign economies.) Otherwise their own economies will not prosper, as the conclusion argued.
- This actually weakens the argument by showing that its analogy to physics is inappropriate.
- Our main concern isn’t with whether economic theories are accurate. Instead, we’re trying to figure out if economists need to know about foreign economies.
- This still wouldn’t let us establish that it’s important that economists know about it.
- This doesn’t let us conclude that the economy was harmed as a result of the economists’ ignorance.
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