« on: September 27, 2004, 02:22:57 PM »
The widespread staff reductions in a certain region's economy are said to be causing people who still have their jobs to cut back on new purchases as though they, too, had become economically distressed. Clearly, however, actual spending by such people is undiminished, bc there has been no unusual increase in the amount of money held by those people in savings accounts.
#18. Which one of the following is an assumption on which the argument relies?
A. If people in the region who continue to be employed have debts, they are not now paying them off at an accelerated rate.
B. People in the region who continue to be employed and who have relatives who have lost their jobs commonly assist those relative financially.
C. If people i nthe region who have lost jobs get new jobs, the new jobs generally pay less well than the ones they lost.
D. People in the region who continue to be employed are pessimistic about their prospects for increasing incomes.
E. There exist not statistics about sales of goods in the region as a whole.
As I was typing this I see the answer. The anwer is the third letter in the word "read."