Logical Reasoning - Statement and Argument - Discussion

Discussion Forum : Statement and Argument - Section 1 (Q.No. 1)
Directions to Solve

Each question given below consists of a statement, followed by two arguments numbered I and II. You have to decide which of the arguments is a 'strong' argument and which is a 'weak' argument.

• (A) If only argument I is strong
• (B) If only argument II is strong
• (C) If either I or II is strong
• (D) If neither I nor II is strong and
• (E) If both I and II are strong.

1.

Statement: Should India encourage exports, when most things are insufficient for internal use itself?

Arguments:

1. Yes. We have to earn foreign exchange to pay for our imports.
2. No. Even selective encouragement would lead to shortages.
Only argument I is strong
Only argument II is strong
Either I or II is strong
Neither I nor II is strong
Both I and II are strong
Explanation:
Clearly, India can export only the surplus and that which can be saved after fulfilling its own needs, to pay for its imports. Encouragement to export cannot lead to shortages as it shall provide the resources for imports. So, only argument I holds.
Discussion:
18 comments Page 1 of 2.

When most things are insufficient/shortage for internal use. Is the argument I holds strong only to earn foreign exchange ? How it is feasible to afford the internal shortage ? To my mind argument II is strong. Pl discuss.

Argument 2 is weak as exports of selective items which are not scarce will not harm India.["No. Even selective encouragement would lead to shortages." Doesnt hold]

Argument 1 is strong as it is basic economics.

For me none of the statements holds i.e both not strong

Salunke S.D. said:   1 decade ago
Answer is A because India can export only the surplus and the foreign exchange so earned can be utilized to pay for imports.

The question has been put with a sense where ay iuthor is not in favor of exchange as he augments his explanation with statement that we are falling short.

That is why I feel arg-2 strengthens.

MANISH KUMAR MISHRA said:   1 decade ago
Argument 1 is strong because it is completely co-related with statement(we should not thing beyond the main issue of statement at any account).

This conclusion is IDEOLOGICAL, and does not LOGICALLY follow. There are two opposing ETHICS -- One of them is to encourage self-sufficiency (Gandhi) which supports argument II. The other is the comparative advantage theory of economics, which supports argument I. It is not logically true that acquiring imports will prevent shortages, since exported goods might be foods/grains, while imports might be luxuries.

Author should have chosen option A because argument 1 gives a solution for shortage where as argument 2 doesn't tell a solution for shortage -it just tell have what you got. This is the only reason why argument 1 strengthens and argument 2 weakens. Hence option A.

Madhav Kakkar said:   9 years ago
Argument 1 doesn't seems to be strong because it is not totally related with Statement.

Andrew Kim said:   8 years ago
Argument C is correct in my opinion. A nation's wealth Is mostly accumulated by what is sold domestically and globally these days. India, on the other hand, has enough number of people to sustain its own economy, but it surely wouldn't care for it because global trade is the only way to stay competitive in this globalised era. So, yes, if India only encourages only for the export, they might not have sufficient resources in their hands to feed its over-billion population. And also yes, like the argument I said, if most of the money earned from export should be spent on buying foreign items, India can succeed. Even if you just look at the number of people you can see how tremendously much amount of goods they can produce with less money, you will say this country needs to export, forsake of the only advantage that India has, cheap and giant labour force.

So, both the arguments are strong given that if each one was to hold different account and situation, each of them can be proven with enough evidence. However, if the both account is to be in the same situation where they both are situated either in anti-import or in anti-export policies, then either argument I is true or argument II is true.
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