Log out Go to App
Go to App

Learning Materials

Features

Discover

Chapter 2: Problem 15

The \(\$ 464\) million "reserve" in the 2001-2002 budget adopted by the legislature in June turns out to have been based mainly on wishful thinking. Because of tax cuts approved by voters on the June ballot, along with the continuing recession and other events affecting income and expenses, the actual reserve in prospect may be as low as \(\$ 7\) million. The author is probably leading to which of the following conclusions? A. These facts warrant an investigation into who squandered \(\$ 457\) million. B. A reserve in the budget is not so necessary as we might wish it to be. C. The legislature would be wise not to add any new spending to the budget adopted in June. D. The recession will probably not last much longer, but while it does the legislature must adjust the budget accordingly. E. Legislative budgets are typically careless and unheeding of variable factors that may affect their accuracy.

Short Answer

Expert verified
The correct conclusion the author is leading to is C: The legislature would be wise not to add any new spending to the budget adopted in June.

Step by step solution

01

Understand the passage

The passage tells us about a budget reserve, which was initially thought to be \$464 million but due to various factors like tax cuts, the recession, etc., the actual reserve might be as low as \$7 million.
02

Analyze the options

Look at each option and check if it is a sensible conclusion to draw from the information given in the passage. A conclusion must directly follow from the premises provided.
03

Eliminate irrelevant or unsupported options

Options A and E involve blaming somebody or making judgments that aren't supported by the passage. Option B implies that reserves aren't important, which isn't suggested by the passage. Option D refers to the end of the recession, which isn't part of the passage either.
04

Choose the best fit

Option C is the only one remaining and also makes sense in context. Given that the reserve might be lower than expected, it would be wise for the legislature not to add any new spending to the budget.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

When President Lyndon Johnson signed the Voting Rights Act in 1965, he used fifty pens, handing them out as souvenirs to a joyous gathering in the President's Room of the Capitol, where Abraham Lincoln had signed the Emancipation Proclamation on January 1, 1863. When President Reagan signed an extension of the Voting Rights Act in 1982, he spoke affectionately of the "right to vote," signed with a single pen, then concluded the four-minute ceremony by rising from his desk, announcing, "It's done." If the passage above is true, which of the following is most probably true? A. The Voting Rights Act did not require an extension. B. The Voting Rights Act is not significantly related to the Emancipation Proclamation. C. President Reagan saw himself as more like Lincoln than did Johnson. D. President Reagan did not regard the extension of the act as an occasion for fanfare. E. President Reagan objected strenuously to an extension of the Voting Rights Act.

Assume that firms develop an orangeflavored breakfast drink high in vitamin \(\mathrm{C}\) that is a good substitute for orange juice but sells for less. Based upon assertions in the passage, which of the following would occur with respect to the demand for orange juice? A. Health food stores would resurrect the law of diminishing marginal utility. B. Assuming that the price of fresh orange juice remained constant, more orange juice would be consumed. C. The law of demand would prevail. D. Assuming that the price of fresh orange juice remained constant, the demand would not change. E. There is not enough information in the passage to answer this question.

By appropriating bailout money for the depressed housing industry, Congress is opening the door to a flood of special relief programs for other recessionaffected businesses. The author's attitude toward Congress's action is probably A. neutral. B. disapproving. C. confused. D. happy. E. irate.

Political columnist: Money talks as never before in state and local elections, and the main cause is.TV advertising. Thirty seconds can go for as much as \(\$ 20,000\). Political fundraising is one of the few growth industries left in America. The way to stop the waste might be for television to be paid by state and local government, at a standard rate, to provide airtime to all candidates to debate the issues. This might be boring at first, but eventually candidates might actually brush up their debating skills and electrify the TV audience with content, not style. Which of the following presuppositions is necessary to the political columnist's argument above? A. Candidates do not yet spend too much money on television advertising. B. Television is the most effective medium to reach the public. C. Freedom of speech does not abridge the freedom to spend. D. Television can be used to educate and inform the public. E. The television audience desires exciting political candidates.

In Africa, the age of a juvenile delinquent is A. the same in all the countries. B. between the ages of 8 and 21 years. C. between the ages of 7 and 21 years. D. between the ages of 12 and 21 years. E. different from one country to another.
See all solutions

Recommended explanations on English Textbooks

Rhetoric

Read Explanation

Essay Plan

Read Explanation

History of English Language

Read Explanation

Blog

Read Explanation

Research and Composition

Read Explanation

Cues and Conventions

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free