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FormosaMBA 傷心咖啡店 • 檢視主題 - [問題]GWD 21_Q7-Q9

[問題]GWD 21_Q7-Q9

GMAT 考的是閱讀....閱讀....還是閱讀....

版主: shpassion, Traver0818

[問題]GWD 21_Q7-Q9

文章suechi915 » 2005-11-10 18:21

Passage 1 (Q7-Q9)

Seventeenth-century
philosopher John Locke
stated that as much as
Line 99 percent of the value of
(5) any useful product can be
attributed to “the effects of
labor.” For Locke’s intellec-
tual heirs it was only a short
step to the “labor theory of
(10) value,” whose formulators
held that 100 percent of the
value of any product is gen-
erated by labor (the human
work needed to produce
(15) goods) and that therefore the
employer who appropriates
any part of the product’s
value as profit is practicing
theft.
(20) Although human effort is
required to produce goods
for the consumer market,
effort is also invested in
making capital goods (tools,
(25) machines, etc.), which are
used to facilitate the produc-
tion of consumer goods. In
modern economies about
one-third of the total output of
(30) consumer goods is attribut-
able to the use of capital
goods. Approximately two-
thirds of the income derived
from this total output is paid
(35) out to workers as wages and
salaries, the remaining third
serving as compensation
to the owners of the capital
goods. Moreover, part
(40) of this remaining third is
received by workers who
are shareholders, pension
beneficiaries, and the like.
The labor theory of value
(45) systematically disregards
the productive contribution of
capital goods-- a failing for
which Locke must bear part
of the blame.

請問紅色部分的this remaining third 指的是來自the use of capital goods.
還是paid out to workers as wages and salaries的部分阿?
是說分給員工以後剩下的1/3 嗎?
那就是來自the use of capital goods?
這一句話的目的為何 該如何定位呢?
感覺就是要回答第七題
但是我選成D mt03

GWD 21-7
According to the author of the passage, which of the following is true of the distribution of the income derived from the total output of consumer goods in a modern economy?
A. Workers receive a share of this income that is significantly smaller than the value of their labor as a contribution to total output.
B. Owners of capital goods receive a share of this income that is significantly greater than the contribution to total output attributable to the use of capital goods.
C. Owners of capital goods receive a share of this income that is no greater than the proportion of total output attributable to the use of capital goods.
D. Owners of capital goods are not fully compensated for their investment because they pay out most of their share of this income to workers as wages and benefits.
E. Workers receive a share of this income that is greater than the value of their labor because the labor theory of value overestimates their contribution to total output.
決不輕言放棄!!!
suechi915
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文章: 64
註冊時間: 2005-09-17 17:55

Re: [問題]GWD 21_Q7-Q9

文章shine822 » 2005-11-16 17:24

suechi915 \$m[1]:
請問紅色部分的this remaining third 指的是來自the use of capital goods.
還是paid out to workers as wages and salaries的部分阿?
是說分給員工以後剩下的1/3 嗎?
那就是來自the use of capital goods?
這一句話的目的為何 該如何定位呢?
感覺就是要回答第七題
但是我選成D mt03

GWD 21-7
C. Owners of capital goods receive a share of this income that is no greater than the proportion of total output attributable to the use of capital goods.


I think the sentence you point out is right.

That is to say, the remaining third is not only for the owners but also for shareholders, pension beneficiaries, etc.
Hence, we can infer that owners receive the income no greater (= less than or at most equal to) 1/3 of output they contribute.

Is that clear enough?
Open to discuss la~
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shine822
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文章: 99
註冊時間: 2005-02-16 10:03

文章stilalala » 2005-11-18 15:16

同意樓上的說法

我想問第八題
The author of the passage is primarily concerned with
A.criticizing Locke’s economic theories
B.discounting the contribution of labor in a modern economy
C.questioning the validity of the labor theory of value
D.arguing for a more equitable distribution of business profits
E.contending that employers are overcompensated for capital goods

答案是c

為什麼不是a呢
大家是怎麼做這題的
謝謝
stilalala
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文章: 185
註冊時間: 2005-03-08 22:54

文章shine822 » 2005-11-18 17:32

stilalala \$m[1]:同意樓上的說法

我想問第八題
The author of the passage is primarily concerned with
A.criticizing Locke’s economic theories
B.discounting the contribution of labor in a modern economy
C.questioning the validity of the labor theory of value
D.arguing for a more equitable distribution of business profits
E.contending that employers are overcompensated for capital goods

答案是c

為什麼不是a呢
大家是怎麼做這題的
謝謝


Maybe you can refer to line 44~49.

The labor theory of value
(45) systematically disregards
the productive contribution of
capital goods-- a failing for
which Locke must bear part
of the blame.

And we can conclude that the passage focuses only on the labor "theory" of value and does not mention some or most of the Locke's economic "theories."

However, I also took a wrong answer. Time is so limited that it is almost impossible for me to take care of such a tiny detail.

mt20 Just good luck to us!

BTW, other background information is as follows,

The labor theory of value is a theory in economics and political economy concerning a market-oriented or commodity-producing society: the theory equates the "value" of an exchangeable good or service (i.e., a commodity) with the amount of labor required to produce it.

Adam Smith, David Ricardo, and Karl Marx are most often associated with this theory. However, elements of the theory are older, going back to John Locke.
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http://shine822.spaces.live.com
頭像
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文章: 99
註冊時間: 2005-02-16 10:03

文章stilalala » 2005-11-19 01:07

shine822 \$m[1]:
stilalala \$m[1]:同意樓上的說法

我想問第八題
The author of the passage is primarily concerned with
A.criticizing Locke’s economic theories
B.discounting the contribution of labor in a modern economy
C.questioning the validity of the labor theory of value
D.arguing for a more equitable distribution of business profits
E.contending that employers are overcompensated for capital goods

答案是c

為什麼不是a呢
大家是怎麼做這題的
謝謝


Maybe you can refer to line 44~49.

The labor theory of value
(45) systematically disregards
the productive contribution of
capital goods-- a failing for
which Locke must bear part
of the blame.

And we can conclude that the passage focuses only on the labor "theory" of value and does not mention some or most of the Locke's economic "theories."

However, I also took a wrong answer. Time is so limited that it is almost impossible for me to take care of such a tiny detail.

mt20 Just good luck to us!

BTW, other background information is as follows,

The labor theory of value is a theory in economics and political economy concerning a market-oriented or commodity-producing society: the theory equates the "value" of an exchangeable good or service (i.e., a commodity) with the amount of labor required to produce it.

Adam Smith, David Ricardo, and Karl Marx are most often associated with this theory. However, elements of the theory are older, going back to John Locke.


;yes;
thank you very much

I got it

Good luck to you!!
stilalala
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文章: 185
註冊時間: 2005-03-08 22:54

文章lunar916 » 2005-11-24 09:49

Which of the following arguments would a proponent of the labor theory of value, as it is presented in the first paragraph, be most likely to use in response to the statement that “The labor theory of value systematically disregards the productive contribution of capital goods” (lines 44-47)?
A. The productive contributions of workers and capital goods cannot be compared because the productive life span of capital goods is longer than that of workers.
B. The author’s analysis of the distribution of income is misleading because only a small percentage of workers are also shareholders.
C. Capital goods are valuable only insofar as they contribute directly to the production of consumer goods.
D. The productive contribution of capital goods must be discounted because capital goods require maintenance.
E. The productive contribution of capital goods must be attributed to labor because capital goods are themselves products of labor.


ans: E
===

我想問問這提的思考邏輯
其實我想不太出來~ @@
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lunar916
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文章: 415
註冊時間: 2005-07-01 13:56

文章stilalala » 2005-11-24 21:51

[quote="lunar916"]Which of the following arguments would a proponent of the labor theory of value, as it is presented in the first paragraph, be most likely to use in response to the statement that “The labor theory of value systematically disregards the productive contribution of capital goods” (lines 44-47)?
A. The productive contributions of workers and capital goods cannot be compared because the productive life span of capital goods is longer than that of workers.
B. The author’s analysis of the distribution of income is misleading because only a small percentage of workers are also shareholders.
C. Capital goods are valuable only insofar as they contribute directly to the production of consumer goods.
D. The productive contribution of capital goods must be discounted because capital goods require maintenance.
E. The productive contribution of capital goods must be attributed to labor because capital goods are themselves products of labor.


ans: E
===


說說我的想法
希望有用
題目是要問支持labor value theory如何去反駁"capital goods其實也對生產有貢獻"這個說法
所以最直接的想法就是,不管怎樣,生產力都要歸功於labor(因為她們認為labor對生產力的貢獻是100%的優)
所以選e,capital goods的貢獻不能算是Capital goods的貢獻
因為還是要靠勞工才有這些Capital goods 的出現
總之一切規勞工就對了
stilalala
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文章: 185
註冊時間: 2005-03-08 22:54

Re: [問題]GWD 21_Q7-Q9

文章sean0825 » 2006-04-17 09:20

因為4月要考,JJ有出現這題,與大家討論一下
同意第9題的解釋,但第7題有不同想法

原文
第一段:提到Luke claim -labor應收到100% income
第二段:In modern economics 卻是2:1分帳 (表示labor只值2/3)
line 40又提到- 給capital的1/3部份是分給既是worker又是股東的人

所以作者先提出labor value 的argument,再用modern economic的分利結構狀況來反駁,重點應是在資本財分配的了解。至於勞動財是否應<2/3 or 資本財是否>1/3,都是「文章未提及」的部份, 屬於irrelevant

GWD 21-7
C.Owners of capital goods receive a share of this income that is no greater than the proportion of total output attributable to the use of capital goods. 資本財的擁有者收到的利益分配,是等於或小於它對Y的貢獻 => Correct
D.Owners of capital goods are not fully compensated for their investment because they pay out most of their share of this income to workers as wages and benefits. 資本財的擁有者收到的利益分配,是小於它對產出的貢獻, (表labor value要<2/3) =>文章未提及
E.Workers receive a share of this income that is greater than the value of their labor because the labor theory of value overestimates their contribution to total output. 題目並未說worker收到超出他們的貢獻的收入,只說現代經濟反應了labor value 只值1/3 => 超出文章範圍

參考看看
sean0825
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文章: 16
註冊時間: 2006-02-23 23:04

文章fsab00037748 » 2006-11-22 19:37

此題06年11月JJ又出現囉^^
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fsab00037748
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文章: 156
註冊時間: 2006-02-17 13:30

文章pimi » 2007-09-21 11:34

In modern economies about
one-third of the total output of
(30) consumer goods is attribut-
able to the use of capital
goods. Approximately two-
thirds of the income derived
from this total output is paid
(35) out to workers as wages and
salaries, the remaining third
serving as compensation
to the owners of the capital
goods. Moreover, part
(40) of this remaining third is
received by workers who
are shareholders, pension
beneficiaries, and the like.


這一段有點不了解
1/3 of the total output of consumer goods --->is attributable to the use of capital goods.

Approximately 2/3 of the income derived from this total output----> is paid out to workers as wages and salaries

1/3 the remaining third--> serving as compensation to the owners of the capital goods. Moreover, part of this remaining third is received by workers who are shareholders, pension beneficiaries, and the like.

這樣全部加在一起就已經4/3了 ^o)
是想說一開始的1/3是在講output(產能), 後面的2/3跟1/3在講income(收入)
等於前面的產能沒講完剩餘的2/3的用途(我猜可能就是拿去賣錢, 然後在產生後面的收入)

請問這樣的想法對嗎??~~~~ :^)
pimi
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文章: 388
註冊時間: 2005-01-21 14:50

文章dibert8 » 2007-09-25 23:31

total output of consumer goods 和 income derived from this total output 之間似乎沒有連結, i.e. 沒有交代 income 是怎麼從 output 推導出來.
所以這段話理解成兩節:前半節是 2/3 total output; 後半節是 2/3 income (wages) + 1/3 income (compensation)
dibert8
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文章: 2202
註冊時間: 2007-01-08 01:17

文章chris8888 » 2007-11-26 01:34

看不出彼此之間的關連性, 但就share而言, 確實可以比一比, 不過這種比法當考試有點瞎扯. 好像不太有意義的比較, 純為了玩弄文字的比較, 沒有比較根基可以思考.
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Re: [問題]GWD 21_Q7-Q9

文章carowill » 2008-03-06 10:36

sean0825 \$m[1]:因為4月要考,JJ有出現這題,與大家討論一下
同意第9題的解釋,但第7題有不同想法

原文
第一段:提到Luke claim -labor應收到100% income
第二段:In modern economics 卻是2:1分帳 (表示labor只值2/3)
line 40又提到- 給capital的1/3部份是分給既是worker又是股東的人

所以作者先提出labor value 的argument,再用modern economic的分利結構狀況來反駁,重點應是在資本財分配的了解。至於勞動財是否應<2/3 or 資本財是否>1/3,都是「文章未提及」的部份, 屬於irrelevant

GWD 21-7
C.Owners of capital goods receive a share of this income that is no greater than the proportion of total output attributable to the use of capital goods. 資本財的擁有者收到的利益分配,是等於或小於它對Y的貢獻 => Correct
D.Owners of capital goods are not fully compensated for their investment because they pay out most of their share of this income to workers as wages and benefits. 資本財的擁有者收到的利益分配,是小於它對產出的貢獻, (表labor value要<2/3) =>文章未提及
E.Workers receive a share of this income that is greater than the value of their labor because the labor theory of value overestimates their contribution to total output. 題目並未說worker收到超出他們的貢獻的收入,只說現代經濟反應了labor value 只值1/3 => 超出文章範圍

參考看看


關於以下這部分還是很模糊!!
D.Owners of capital goods are not fully compensated for their investment because they pay out most of their share of this income to workers as wages and benefits. 資本財的擁有者收到的利益分配,是小於它對產出的貢獻, (表labor value要<2/3) =>文章未提及

特別是 : 資本財的擁有者收到的利益分配,是小於它對產出的貢獻, (表labor value要<2/3) D選沒有提到 是小於它對產出的貢獻, (表labor value要<2/3) 吧
carowill
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註冊時間: 2007-08-16 16:57


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