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Chief Economist: Usually, the release of economic data about higher-than-expected growth in the Gross Domestic Product (GDP) results in an increase in stock prices.However, this quarter, the release of data about strong GDP growth is most likely to result in a decrease rather than an increase in stock prices. Robust GDP growth will lead to higher interest rates, increasing the attractiveness of bonds and causing a shift of capital from equity to debt securities. In the above argument, the statements in boldface play which of the following roles?
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By advertising lower prices and specialties such as a wide variety of fresh fruit, choice cuts of meat, and in-store cooking classes, the newest grocery store in town has not only won over shoppers from other grocery stores but also forced them to offer similar services.
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Resulting from the repeated destruction by fire of parts of the Forbidden City of ancient Nanjing, the name for what today is Beijing, the Chinese people of the Ming Dynasty lost countless books, works of art and calligraphy, and other treasures and found themselves in an almost constant state of reconstruction.
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Unlike the southern United States, where golfers can usually enjoy fair weather year round, the snow in the northern United States limits golf generally to the non-winter months.
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One viewpoint of how to strengthen the economy suggests that offering tax rebates leads to higher consumer confidence, an increase in consumer spending, and a decrease in unemployment.
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The first oversight board's philosophy and its actions, including rulings on complaints and the release of procedural guidelines, has been as influential in the industry now as it was revolutionary during the board's tenure.
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Although Carl Jung's theory of the collective unconscious is perhaps not as frequently cited as Freud's subconscious mind, it nevertheless carries implications that are as radical and far-reaching.
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As the electronic network has begun to dominate commercial transactions, office environments and industrial processes, they have also insinuated themselves into less formal social interactions of all types through the convenience of electronic mail, instant messaging and web pages.
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Friedrich Nietzsche's polemical prose and the themes of his aphorisms - the death of God, eternal recurrence, and the contemptible nature of traditional morality - was as radical for the nineteenth century as it is stimulating today.
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The area west of Springfield was a smelting factory from 1879 until 1962, when it was purchased by Manfred Otterbein, the noted philanthropist and animal lover, who established a wildlife refuge on the property and used one of the existing buildings as a rare bird sanctuary.
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While the expression "no great shakes" originally referred to gamblers who were not adept at rolling dice, they have come to connote broadly varying meanings: they could refer, for example, to individuals who perform tasks only unexceptionally or, just as easily, to unmemorable or ordinary experiences.
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Politician: Tourists don't visit our city because of its reputation of high crime. This reputation is ridiculous. Our city is clearly safe, since we have more police officers per resident than any other large city.The politician's claim of safety depends on which of the following assumptions?
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One year ago, a major toothpaste manufacturer pulled its sponsorship from quiz programming and transferred it to auto racing. Over the past year, there has been a dramatic reduction in the number of prime time quiz shows on television. Therefore, lower sponsorship must be the cause for the decline in the number of quiz shows.Which of the following, if true, most seriously undermines the argument above?
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Matre d': We need to replace the point of sale terminals our servers use to place orders with the kitchen. The existing units are too complicated and slow service to our customers. New terminals would speed order delivery by 18 percent.Restaurant Manager: No, we should keep the existing terminals. We can give our staff more training in the existing terminals. A new system would be too expensive.Matre d': That won't work. The staff has already been well trained in our current system and their speed has not increased any.Which of the following best describes the reasoning the Matre d' uses to respond to the Restaurant Manager?
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Cutting taxes is often viewed as a way to speed economic development. However, cutting taxes means that the government collects less revenue and, since the government is a major spender in the economy, less money will be spent in the economy. This results in low economic growth, and those arguing to cut taxes as a means to stimulate the economy are wrong.In the above argument, the bold phrase plays which of the following roles?
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The performance of the latest generation of ground-based telescopes exceeds that of existing orbiting observatories. Since ground-based telescopes are also cheaper to build than ones that must be launched into space, scientists should end their plans to develop new orbiting observatories.Which of the following is most like the argument above in structure?
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In an effort to increase revenues, Sky Air recently partnered with several airlines to create a joint frequent-flier program. In the new program, miles earned on all partner airlines can be combined for reward tickets valid on any airline in the partnership. Sky Air's CEO cites a recent increase in the number of passengers on all the partner airlines as evidence that the new frequent-flier program is having the desired effect. Industry analysts doubt the CEO's claim that the frequent-flier program is effective.Which of the following, if true, best supports the analysts' position?
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In 1995, the most common fatal disease in the U.S was heart disease, followed by cancer and respiratory illness. The prevailing rates of cancer and respiratory illness increase with age, but heart disease is found at similar rates among adults of all ages. The U.S. adult population's average age will increase between 1995 and 2005.Which of the following conclusions about fatal diseases in the U.S. can be most properly drawn based on the information given above?
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The two divisions of a high-tech company have performed quite consistently over the past five years. In each year, the telecommunications-equipment division accounted for 35% of profits and 15% of revenues, and the high-speed-internet division made up the balance.Which of the following can properly be inferred regarding the past five years from the information above?
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Data collected on married couples in the U.S. show that couples who lived together before marriage tend to view their marriages as more passionate than those who did not live together. Based on this finding, a psychologist has suggested that couples who did not reside together before marriage are more likely to divorce than their peers who lived together.The psychologist's conclusion depends on which of the following assumptions?
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