LSAT 152 – Section 4 – Question 22

LSAT 152 - Section 4 - Question 22

November 2018

You need a full course to see this video. Enroll now and get started in less than a minute.

Request new explanation

Target time: 1:28

This is question data from the 7Sage LSAT Scorer. You can score your LSATs, track your results, and analyze your performance with pretty charts and vital statistics - all with a Free Account ← sign up in less than 10 seconds

Question
QuickView		 Type Tags Answer
Choices		 Curve Question
Difficulty		 Psg/Game/S
Difficulty		 Explanation
PT152 S4 Q22
+LR
Weaken +Weak
Sampling +Smpl
Link Assumption +LinkA
A
1%
151
B
4%
150
C
38%
159
D
56%
165
E
1%
152
151
160
168
 +Hardest 147.181 +SubsectionMedium

Economist: Gifts of cash or gift cards, which allow the recipient to choose the actual gift, are more highly valued by recipients than are gifts chosen for them by others. In a study, when people were asked how much they would have been willing to pay for gifts chosen for them by others, they responded by citing amounts that were on average only about two-thirds of the actual price of the gifts.

Summarize Argument
The author concludes that cash gifts of gift cards are more highly valued by recipients than are gifts chosen for them by others. This is based on a study in which people were asked how much they would have been willing to pay for gifts chosen for them by others. People responded with amounts that were, on average, two-thirds the actual price of the gifts.

Notable Assumptions
The author assumes that the amount people state for how much they would have been willing to pay for a gift is an accurate measure of how much they value the gift.

A
The rate at which gifts are returned to retailers has been steadily increasing since the rate was first measured.
The increasing return rate has no clear impact on how much people value gifts chosen by others. If (A) does anything, it might support the idea that people prefer the cash equivalent of a gift over the gift.
B
Gifts of cash and gift cards currently represent only about 14 percent of all gift giving.
How often people give gifts of cash or gift cards has no clear impact on whether people value the cash equivalent more than a gift chosen by others. Perhaps people tend not to give cash or gift cards because it’s perceived as worse than giving someone else a gift?
C
People in the study would have been willing to pay more for gifts chosen for them by close friends and relatives than for gifts chosen for them by others.
This compares gifts chosen by close friends/relatives to gifts chosen by other kinds of people. But this comparison, which is between subsets of the “gifts chosen by others,” doesn’t affect the comparison between gifts chosen by others and cash/gift cards.
D
People are unwilling to sell gifts chosen for them by others unless offered about one and a half times the gift’s actual price.
This presents a competing method of determining how much people value a gift, which produces a conflicting result. If people are unwilling to sell a gift unless offered more than its actual price, that arguably suggests people value gifts more than the cash equivalent.
E
Most retailers require receipts before people can return gifts for refund or exchange.
Whether retailers require receipts has no clear impact on the comparison between gifts and cash/gift cards.

Take PrepTest

Review Results

LSAT PrepTest 152 Explanations

Section 1 - Logical Reasoning

Section 2 - Logical Reasoning

Section 3 - Reading Comprehension

Section 4 - Logical Reasoning

Get full LSAT course

Leave a Reply