Reading Comprehension: Detail Questions

According to the passage, Professor Herman Daly argues that nature's services to the human economy

Incorrect.

[[snippet]]

The passage does not state that nature's services cannot be priced, but that they are not currently priced.

Incorrect.

[[snippet]]

Natural capital, not nature's services, is mentioned in the third paragraph in connection with future generations. However, based on the Initial Reading, the answer to this Detail Question should be in the second paragraph.

Incorrect.

[[snippet]]

While the second paragraph suggests that farmers benefit from nature's services, it does not explicitly state that they appreciate them, or that they are the only ones that appreciate them.

Incorrect.

[[snippet]]

According to the passage, nature's services are essential to any economy, because every economy is embedded in nature. While it could be inferred that this includes a sustainable economy, this detail is not provided explicitly in the passage. Hence, this is not the most accurate answer choice, and therefore not the best one.

Also, a sustainable economy is mentioned in the third paragraph, but based on the Initial Reading, the answer should be in the second paragraph.

Well done!

[[snippet]]

The second paragraph states that the economists generally price nature's services as zero, i.e., they do not take the cost of these services into account.

cannot be priced by conventional pricing mechanisms
will be too expensive for future generations to pay for
are not accounted for in the standard practice of economists
are only appreciated by farmers
are essential in a sustainable economy

The quickest way to get into your dream MBA

Adaptive learning technology

5000+ practice questions

7 simulation exams

Industry-Leading Score Guarantee

Save 100+ hours of your life

iOS and Android apps

Tablet device with “GMAT Prep | Bloomberg Exam Prep” app