72 LR Two Question 16
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I got the right answer from simply looking at the premises ... but then I used a conditional approach.
I just tried to break this down into a conditional statement as follows:
Taxing Income -> ~ encourage savings + ~encourage investments
Taxing Consumption -> encourage savings -> improve the economy.
Therefore, and since the statement said "only", the "only way to improve the economy is to tax consumption".
Is this correct ... or did I not do this right?
Well, you're close, but being close is unfortunately not going to help on this test.
First, your top conditional isn't in the passage. The passage says that taxing income does nothing to promote saving and investment. That is not the same thing as preventing saving and investment (reading a book does nothing to make your hair blond. That doesn't mean that if you read a book, your hair can't be blond!).
Now, the last half of the passage is conditional, and you got close!
But correctly symbolized, it looks like this:
Taxing consumption → encourage saving
Improve economy → encourage saving
Thus, we should tax consumption. It won't guarantee an improved economy, but it will supply one necessary condition for improving the economy.
(Just like this:
McKarran Int'l is an airport in Nevada. The only place you can go to a brothel legally is in Nevada. We want to visit a brothel! So we should fly to McKarran.
McKarran → Nevada
Legal brothel → Nevada
Flying to McKarran doesn't by itself get you to a brothel. But it does get you to Nevada)
Clearer?