QUESTION TYPE: Flawed Reasoning
CONCLUSION: A country with a highly controlled economy is not acting in the way that is most likely to bring about maximum total utility.
REASONING: Only a free market economy can ensure maximum total utility, even if other systems can also produce it.
ANALYSIS: How likely is it that a country will have a free market economy? Some argue that no country has a true free market economy, not even the United States.
If so, then a free market economy might not be the most likely way to ensure maximum total utility, even if such an economy does “ensure” that outcome.
___________
- The stimulus doesn’t make that assumption. It only claims that if a country is highly controlled, then it won’t have chosen the most likely way to maximize total utility.
- The stimulus is not concerned with distribution of utility.
- Actually, the stimulus does consider this: “other types of economies might be able to achieve it.”
- CORRECT. Yes. Even though a free market economy will ensure max utility, other ways of achieving it may be more likely to occur.
- The argument is narrowly concerned with the conditions for maximum total utility.
Free Logical Reasoning lesson
Get a free sample of the Logical Reasoning Mastery Seminar. Learn tips for solving LR questions
Leave a Reply