• Free Trial & Practice Exam
BEAT THE GMAT EXCLUSIVE

Available with Beat the GMAT members only code

• 5 Day FREE Trial
Study Smarter, Not Harder

Available with Beat the GMAT members only code

• 5-Day Free Trial
5-day free, full-access trial TTP Quant

Available with Beat the GMAT members only code

• 1 Hour Free
BEAT THE GMAT EXCLUSIVE

Available with Beat the GMAT members only code

• Magoosh
Study with Magoosh GMAT prep

Available with Beat the GMAT members only code

• Award-winning private GMAT tutoring
Register now and save up to $200 Available with Beat the GMAT members only code • Most awarded test prep in the world Now free for 30 days Available with Beat the GMAT members only code • Get 300+ Practice Questions 25 Video lessons and 6 Webinars for FREE Available with Beat the GMAT members only code • Free Practice Test & Review How would you score if you took the GMAT Available with Beat the GMAT members only code • Free Veritas GMAT Class Experience Lesson 1 Live Free Available with Beat the GMAT members only code ## 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 Upvotes: 1 #### In the wealth of nations --EP 2 Expert help needed Fri May 20, 2016 6:42 am 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. ### GMAT/MBA Expert DavidG@VeritasPrep Legendary Member Joined 14 Jan 2015 Posted: 2613 messages Followed by: 118 members Upvotes: 1153 GMAT Score: 770 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!
conquistador Master | Next Rank: 500 Posts
Joined
19 Sep 2014
Posted:
266 messages
Followed by:
1 members
4
Sun Oct 23, 2016 3:57 am
Please explain why A or B is incorrect and D is the right answer.
Attachments

### GMAT/MBA Expert

DavidG@VeritasPrep Legendary Member
Joined
14 Jan 2015
Posted:
2613 messages
Followed by:
118 members
1153
GMAT Score:
770
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 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 Joined 11 Feb 2015 Posted: 16 messages 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 ### GMAT/MBA Expert DavidG@VeritasPrep Legendary Member Joined 14 Jan 2015 Posted: 2613 messages Followed by: 118 members Upvotes: 1153 GMAT Score: 770 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!

### Best Conversation Starters

1 lheiannie07 108 topics
2 ardz24 67 topics
3 Roland2rule 63 topics
4 LUANDATO 50 topics
5 swerve 43 topics
See More Top Beat The GMAT Members...

### Most Active Experts

1 GMATGuruNY

The Princeton Review Teacher

152 posts
2 Jeff@TargetTestPrep

Target Test Prep

106 posts
3 Rich.C@EMPOWERgma...

EMPOWERgmat

103 posts
4 Scott@TargetTestPrep

Target Test Prep

96 posts
5 Max@Math Revolution

Math Revolution

86 posts
See More Top Beat The GMAT Experts