Question 1:

Which of the following is an assumption in the argument?

"Increasing the minimum wage will lead to job losses because businesses will not be able to afford higher labor costs."

A) Businesses are currently paying their employees minimum wage.
B) Increasing the minimum wage will benefit low-income workers.
C) Job losses are always detrimental to the economy.
D) Increasing the minimum wage is a popular political issue.

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Explanation: The assumption in the argument is that increasing the minimum wage will lead to job losses because businesses will not be able to afford higher labor costs.

Question 2:

Which of the following weakens the argument?

"All successful entrepreneurs have a college degree. Therefore, obtaining a college degree guarantees success in entrepreneurship."

A) Many successful entrepreneurs did not have a college degree.
B) College degrees provide valuable knowledge and skills.
C) Successful entrepreneurs often face financial challenges.
D) Entrepreneurship requires creativity and risk-taking abilities.

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Explanation: Option A weakens the argument by stating that many successful entrepreneurs did not have a college degree, suggesting that obtaining a college degree does not guarantee success in entrepreneurship.

Question 3:

Which of the following best describes the argument?

"The new tax policy will lead to economic growth because it incentivizes businesses to invest in expansion."

A) The tax policy has been effective in other countries.
B) The government wants to generate more revenue.
C) The tax policy encourages businesses to make strategic investments.
D) Economic growth is essential for a country's development.

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Explanation: The argument describes how the new tax policy will lead to economic growth because it incentivizes businesses to invest in expansion, indicating that the tax policy encourages businesses to make strategic investments.

Question 4:

Which of the following is a counterargument to the statement?

"Exercise is the most effective way to lose weight."

A) A healthy diet is also crucial for weight loss.
B) Exercise has numerous health benefits.
C) Some people find it difficult to exercise regularly.
D) Losing weight is not a priority for everyone.

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Explanation: Option A presents a counterargument by stating that a healthy diet is also crucial for weight loss, suggesting that exercise alone may not be the most effective way to lose weight.

Question 5:

Which of the following is an assumption made in the argument?

"Raising taxes on the wealthy will reduce income inequality."

A) The wealthy have a moral obligation to help reduce income inequality.
B) Income inequality is a significant social issue.
C) Higher taxes on the wealthy will discourage investment.
D) The government needs more revenue to fund public programs.

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Explanation: The assumption in the argument is that raising taxes on the wealthy will reduce income inequality, implying that higher taxes on the wealthy will lead to a more equitable distribution of income.