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NEW QUESTION 46
Of the coins in a certain collection, 30 percent were issued more than ten years ago and 45 percent are foreign.
Of the foreign coins, 20 percent were issued more than ten
years ago. If there are 1,500 coins in the collection, how many are foreign coins that were issued ten years ago or less?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: E
NEW QUESTION 47
A certain mayor has proposed a fee of five dollars per day on private vehicles entering the city, claiming that the fee will alleviate the city's traffic congestion. The mayor reasons that, since the fee will exceed the cost of round-trip bus fare from many nearby points, many people will switch from using their cars to using the bus.
Which of the following statements, if true, provides the best evidence that the mayor's reasoning is flawed?
- A. During the average workday, private vehicles owned and operated by people living within the city account for twenty percent of the city's traffic congestion.
- B. Projected increases in the price of gasoline will increase the cost of taking a private vehicle into the city.
- C. The cost of parking fees already makes it considerably more expensive for most people to take a private vehicle into the city than to take a bus.
- D. Many commuters opposing the mayor's plan have indicated that they would rather endure traffic congestion than pay a five-dollar-per day fee.
- E. Most of the people currently riding the bus do not own private vehicles.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION 48
Property values in South Orange, New Jersey, have nearly doubled in the last six years. South Orange is located in Essex County, 17 miles from New York City.
Which of the following, if true, best explains the results described in the statement?
- A. the addition of 240 housing units in South Orange
- B. the completion of a direct rail line to New York City
- C. the relocation of a major technical corporation to Union, New Jersey, two miles from South Orange
- D. improved schools and a renovated downtown in South Orange
- E. the proximity of South Orange to New York City
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The direct rail line is the most logical explanation for an increase in property values. The proximity to New York City in itself (choice a) would not necessarily increase property values, but the addition of public transportation that provides direct access to the city would make the town a more desirable place to live.
When a place becomes more desirable, real-estate values increase. Choice c, the addition of housing units, is likely an effect of the direct rail line and an increase in the desirability of the location. The improvement of the schools and the renovation of the downtown (choice d) may or may not be related to the increase in property values. It would be logical to conclude that funds for improving the schools and downtown could be gleaned from additional resources from increased property taxes, another effect of increased property values. The relocation of a major corporation to a neighboring town (choice e) could account for the increased desirability of property in South Orange, but the direct access to the city is a more compelling reason. Perhaps a few hundred persons may work in the corporation, but many thousands are likely to want an easy commute to the city.
NEW QUESTION 49
The recent decline in land prices has hurt many institutions that had invested heavily in real estate. Last year, before the decline began, a local college added 2,000 acres to its holdings. The college, however, did not purchase the land but received it as a gift. Therefore, the price decline will probably not affect the college.
Which of the following, if true, casts most doubt on the conclusion above?
- A. Last year, the amount that the college allocated to pay for renovations included money it expected to receive by selling some of its land this year.
- B. The college usually receives more contributions of money than of real estate.
- C. Land prices in the region in which the college is located are currently higher than the national average.
- D. Last year, the college paid no property taxes on land occupied by college buildings but instead paid fees to compensate the local government for services provided.
- E. The 2,000 acres that the college was given last year are located within the same community as the college itself.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION 50
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