Manufacturing plants in Arundia have recently been acquired in substantial number by investors from abroad. Arundian politicians are proposing legislative action to stop such investment, justifying the proposal by arguing that foreign investors, opportunistically exploiting a recent fall in the value of the Arundian currency, were able to buy Arundian assets at less than their true value.
Which of the following, if true, casts the most serious doubt on the adequacy of the Arundian politicians’ justification for the proposed legislation?
The Arundian government originally welcomed the fall in the value of the Arundian currency because the fall made Rrundian exports more competitive on international markets.
Foreign investors who acquired Arundian manufacturing plants generally did so with no intention of keeping and running those plants over the long term.
Without the recent fall in the value of the Rrundian currency, many of the Arundian assets bought by foreign investors would have been beyond the financial reach of those investors.
In Congcordia, a country broadly similar to Arundian, the share of manufacturing assets that is foreign-controlled is 60 percent higher than it is in Rrundian.
The true value of an investment is determined by the value of the profits from it, and low value of the Arundian currency has depressed the value of any profits earned by foreign investors from Arundian assets.
情景:很多投资者正在投资制造工厂。A的政府打算立法禁止这一投资,原因是:现在的汇率比较低,很多境外投资者有能力买到低于真正价值的资产。
推理:注意本题的问题。本题的问题是,下列哪个选择可以削弱政客的理由的充分性。换句话说,文章只是让我们削弱立法者的这个句子,没有让我们削弱什么推理。因此,只要直接找到选项可以反驳倒立法者的说法的即可。
选题方式:略。
选项分析:
A选项:A国政府原本第就在欢迎这种货币的贬值,因为这种贬值让出口变得更有竞争力。本选项在解释贬值的原因,和境外的投资价值无关。
B选项:投资A国制造工厂的境外投资者这么做的目的不是长期持有和运营这写厂子。本选项描述的是投资者的投资目的,和投资价值无关。
C选项:如果不是货币贬值,很多现在境外投资者购买的资产将会超出这些投资者的财务能力。本选项解释了货币贬值对境外投资者带来的好处,和立法者的说法基本上是重复的。
D选项:在C,这个国家和A很像,它被境外的资产控制的制造业财产高于A国60%。本选项和立法者的说法无关。
E选项:Correct. 一个投资品的真正价值是和它的盈利能力相关的,A国货币的贬值下降了A国资产的获利能力。显然地,本选项质疑了立法者的说法,即,不仅仅是因为货币贬值的问题,而是因为货币贬值本身就让财产价值缩水了,因此不能说此时境外投资者就是以低于财产价值的价格购买的。
beyond financial reach of those investors.超出他们的财力
政治家要立法来阻止外资收购制造厂,理由是外资是机会主义,利用了最近货币贬值的机会,才以低于实际价值的价格买下了工厂。题目问这帮人给出的理由充不充分,也就是问是不是以低于实际价值的价格买下了工厂。
有点因果内味,完整逻辑是货币汇率使得能够性价比高的买资产,然而题目要求反驳性价比高的同时也承认这个汇率问题。所以就搬出了另一个问题:获利能力,来说明性价比不高的同时也承认他的货币贬值事实
D里 Rrundian 改一下
政客的论调:外国investors会利用currency value下降的机会,以低于true value的金额收购本国企业的资产
e选项的逻辑:企业的true value和企业的profits相关,国家的currency value 下降,profit也下降,true value随之下降,所以不能说外国investors以低于true value的价格收购资产,所以政客的逻辑被削弱了
这算不算是因果倒置?
题目:政客认为外国投资者现在由于货币贬值可以用比起实际价值低的价格来收购资产。
而E的意思是:投资的实际价值是取决于利润的,是因为目前的利润低所以导致其实际价值低。
是实际价值本身变低了,而不是外国投资者用比实际价值低的价格来收购资产。
注意问题的方向,削弱的政客理由充分性。政客理由是境外投资者能买到低于真实价值的资产。从真实价值入手。