• Varsity Tutors
    Award-winning private GMAT tutoring
    Register now and save up to $200

    Available with Beat the GMAT members only code

    MORE DETAILS
    Varsity Tutors
  • Kaplan Test Prep
    Free Practice Test & Review
    How would you score if you took the GMAT

    Available with Beat the GMAT members only code

    MORE DETAILS
    Kaplan Test Prep
  • e-gmat Exclusive Offer
    Get 300+ Practice Questions
    25 Video lessons and 6 Webinars for FREE

    Available with Beat the GMAT members only code

    MORE DETAILS
    e-gmat Exclusive Offer
  • EMPOWERgmat Slider
    1 Hour Free
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    EMPOWERgmat Slider
  • Economist Test Prep
    Free Trial & Practice Exam
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    Economist Test Prep
  • PrepScholar GMAT
    5 Day FREE Trial
    Study Smarter, Not Harder

    Available with Beat the GMAT members only code

    MORE DETAILS
    PrepScholar GMAT
  • Target Test Prep
    5-Day Free Trial
    5-day free, full-access trial TTP Quant

    Available with Beat the GMAT members only code

    MORE DETAILS
    Target Test Prep
  • Magoosh
    Magoosh
    Study with Magoosh GMAT prep

    Available with Beat the GMAT members only code

    MORE DETAILS
    Magoosh
  • Veritas Prep
    Free Veritas GMAT Class
    Experience Lesson 1 Live Free

    Available with Beat the GMAT members only code

    MORE DETAILS
    Veritas Prep

In the wealth of nations --EP 2 Expert help needed

This topic has 3 expert replies and 2 member replies
Neilsheth2 Senior | Next Rank: 100 Posts
Joined
03 Jun 2012
Posted:
65 messages
Thanked:
1 times

In the wealth of nations --EP 2 Expert help needed

Post Fri May 20, 2016 6:42 am
Elapsed Time: 00:00
  • Lap #[LAPCOUNT] ([LAPTIME])
    In OA E the ACTUAL LANGUAGE wouldnt the meaning of the world Actual be referring to the actual languages used. But in the passage it is used in a very generic way.

    It shall be great if some one could explain whats wrong with A too ? Since languages were used to articulate business relations and then - that language expressed credit , trust ,obligations and contracts rather than self interest .
    Attachments

    This post contains an attachment. You must be logged in to download/view this file. Please login or register as a user.

    Need free GMAT or MBA advice from an expert? Register for Beat The GMAT now and post your question in these forums!
    Post Fri May 20, 2016 8:18 am
    Neilsheth2 wrote:
    In OA E the ACTUAL LANGUAGE wouldnt the meaning of the world Actual be referring to the actual languages used. But in the passage it is used in a very generic way.

    It shall be great if some one could explain whats wrong with A too ? Since languages were used to articulate business relations and then - that language expressed credit , trust ,obligations and contracts rather than self interest .
    First, we're looking for what economic historians have failed to examine. The first line of the second paragraph: However, such a view fails to account for the language that people in early modern England used to articulate their understanding of business relations, language that stressed credit, trust, obligation and contracts...

    The "language that people in early modern England used" can be described as their actual language.

    As for A, the last line of paragraph 1 shows that these historians did consider the impact of business relations on moral values and beliefs.

    _________________
    Veritas Prep | GMAT Instructor

    Veritas Prep Reviews
    Save $100 off any live Veritas Prep GMAT Course

    Thanked by: Neilsheth2, a_new_start
    Enroll in a Veritas Prep GMAT class completely for FREE. Wondering if a GMAT course is right for you? Attend the first class session of an actual GMAT course, either in-person or live online, and see for yourself why so many students choose to work with Veritas Prep. Find a class now!
    a_new_start Junior | Next Rank: 30 Posts Default Avatar
    Joined
    11 Feb 2015
    Posted:
    16 messages
    Post Fri Aug 26, 2016 12:25 pm
    DavidG@VeritasPrep wrote:
    Neilsheth2 wrote:
    In OA E the ACTUAL LANGUAGE wouldnt the meaning of the world Actual be referring to the actual languages used. But in the passage it is used in a very generic way.

    It shall be great if some one could explain whats wrong with A too ? Since languages were used to articulate business relations and then - that language expressed credit , trust ,obligations and contracts rather than self interest .
    First, we're looking for what economic historians have failed to examine. The first line of the second paragraph: However, such a view fails to account for the language that people in early modern England used to articulate their understanding of business relations, language that stressed credit, trust, obligation and contracts...

    The "language that people in early modern England used" can be described as their actual language.

    As for A, the last line of paragraph 1 shows that these historians did consider the impact of business relations on moral values and beliefs.
    David

    I fumbled on this question because I could not find "economic historians" anywhere in the passage. Can you please help me here.

    Thanks

    Post Sun Aug 28, 2016 5:54 am
    a_new_start wrote:
    DavidG@VeritasPrep wrote:
    Neilsheth2 wrote:
    In OA E the ACTUAL LANGUAGE wouldnt the meaning of the world Actual be referring to the actual languages used. But in the passage it is used in a very generic way.

    It shall be great if some one could explain whats wrong with A too ? Since languages were used to articulate business relations and then - that language expressed credit , trust ,obligations and contracts rather than self interest .
    First, we're looking for what economic historians have failed to examine. The first line of the second paragraph: However, such a view fails to account for the language that people in early modern England used to articulate their understanding of business relations, language that stressed credit, trust, obligation and contracts...

    The "language that people in early modern England used" can be described as their actual language.

    As for A, the last line of paragraph 1 shows that these historians did consider the impact of business relations on moral values and beliefs.
    David

    I fumbled on this question because I could not find "economic historians" anywhere in the passage. Can you please help me here.

    Thanks
    Sometimes you have to read between the lines a little bit. The passage is about the influence of a work by the economist Adam Smith. It's fair to call the people who have written about the impact of Smith's work 'economic historians,' as they're writing about economic history. In essence the author is referring to the group of people who are responsible for the conventional theory regarding the legacy of Smith's work. (And it's not as though there are other groups in the passage that one might confuse with these economic historians. There's a brief discussion of The Wealth of Nations. There's a mention of the conventional wisdom supposedly espoused by economic historians. And then the author points out what these historians have overlooked.)

    _________________
    Veritas Prep | GMAT Instructor

    Veritas Prep Reviews
    Save $100 off any live Veritas Prep GMAT Course

    Enroll in a Veritas Prep GMAT class completely for FREE. Wondering if a GMAT course is right for you? Attend the first class session of an actual GMAT course, either in-person or live online, and see for yourself why so many students choose to work with Veritas Prep. Find a class now!
    conquistador Master | Next Rank: 500 Posts
    Joined
    19 Sep 2014
    Posted:
    266 messages
    Followed by:
    1 members
    Thanked:
    4 times
    Post Sun Oct 23, 2016 3:57 am
    Please explain why A or B is incorrect and D is the right answer.
    Attachments

    This post contains an attachment. You must be logged in to download/view this file. Please login or register as a user.

    Post Mon Oct 24, 2016 10:32 am
    Mechmeera wrote:
    Please explain why A or B is incorrect and D is the right answer.
    A) This passage isn't about a theory of human nature in general. It's a question of our understanding of business relations.

    Here's the first line of paragraph 2: However, such a view fails to account for the language that people in early modern England used to articulate their understanding of business relations.

    B) The passage isn't about the impact of Adam Smith. Adam Smith is mentioned to set up a contrast two theories of business relations: 1) that they're rooted in self-interest and 2) that, in actuality, they're about trust and commitment.

    D) In paragraph 1 we get our accepted idea about business relations. In paragraph 2, we get an analysis reconsidering this idea. So we have our answer. (And notice that paragraph 2 begins with the transition However, a good indication that something is going to be reconsidered or refuted.)

    _________________
    Veritas Prep | GMAT Instructor

    Veritas Prep Reviews
    Save $100 off any live Veritas Prep GMAT Course

    Enroll in a Veritas Prep GMAT class completely for FREE. Wondering if a GMAT course is right for you? Attend the first class session of an actual GMAT course, either in-person or live online, and see for yourself why so many students choose to work with Veritas Prep. Find a class now!

    Best Conversation Starters

    1 lheiannie07 111 topics
    2 ardz24 64 topics
    3 LUANDATO 62 topics
    4 swerve 60 topics
    5 AAPL 57 topics
    See More Top Beat The GMAT Members...

    Most Active Experts

    1 image description Brent@GMATPrepNow

    GMAT Prep Now Teacher

    160 posts
    2 image description EconomistGMATTutor

    The Economist GMAT Tutor

    130 posts
    3 image description Rich.C@EMPOWERgma...

    EMPOWERgmat

    122 posts
    4 image description GMATGuruNY

    The Princeton Review Teacher

    122 posts
    5 image description Scott@TargetTestPrep

    Target Test Prep

    118 posts
    See More Top Beat The GMAT Experts