PT105.S1.Q8

PrepTest 105 - Section 1 - Question 8

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Economist: Support In the interaction between producers and consumers, the only obligation that all parties have is to act in the best interests of their own side. ███ ████████████ ██ ███████████ █████ ███████ ███████ ██ ██ ███ ████ █████████ ██ ███ █████████ ██ █████████ ███ ██████ █████████ ██ ██████ ███████ ███████ ████ █████████ █████ █████████ ███ █████ █████████ ██ ██████ █████

Summary

The economist concludes that consumers are obligated to report product defects while producers are never obligated to reveal them. This is because both producers and consumers are obligated to act in their own interests, and spreading information about defects is in consumers’ interest.

Notable Assumptions

In order to conclude that producers are never obligated to reveal defects, it must be true that revealing defects is never in the producers’ interest. However, the economist never establishes whether this is in their interest or not. If revealing defects is in the producers’ interest, then they’re obligated to reveal them, so the economist must assume that this isn’t the case.

The argument depends on the assumption that revealing product defects is not in the producers’ interest.

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8.

Which one of the following ██ ██ ██████████ ████████ ██ ███ ███████████ █████████

a

It is never ██ ███ ████ █████████ ██ █████████ ███ █ ████████ ██ ██████ █ ███████ ███████

b

No one expects █████████ ██ ███ ██ █ ██████ ███████ ██ █████ ███ ████ ██████████

c

Any product defect ██ ██████ ██ ██ ██████████ ██ ██████████

d

A product defect ██ ████ ██████ ██ ██ ██████████ ██ █ ████████ ████ ██ █ █████████

e

The best interests ██ █████████ █████ ████████ ████ ███ ████ █████████ ██ ██████████

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