To Focus on the Performance of the Stock Market Is

question 69

Multiple Choice

To focus on the performance of the stock market is to zero in on an economic indicator that can do well even as the country does poorly. In 2006, for instance, the Dow Jones industrial average hit highs. According to the just released census data, however, median earnings fell one percent, and millions more Americans entered the ranks of the uninsured. Indeed, from 2000 to 2007 the S&P 500 gained more than 500 points. Meanwhile, the median household income fell by more than $900. Ezra Klein, "Stock Split"

• A) Argument; conclusion: According to the just released ... ranks of the uninsured.
• B) Argument; conclusion: To focus on the performance ... the country does poorly.
• C) Argument; conclusion: In 2006, for instance, the Dow Jones ... hit highs.
• D) Argument; conclusion: Meanwhile ... fell by more than $900.
• E) Nonargument.

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Definitions:

Opposite Direction

Referring to a movement, orientation, or action that is directly contrary or reverse to another.

Creatine Phosphate

A high-energy reserve molecule in muscles and the brain that donates phosphate to ADP to regenerate ATP during the first seconds of intense work.

ATP

Adenosine triphosphate (ATP) is a complex organic chemical that provides energy to drive many processes in living cells.

Central Cavity

An internal space or chamber within a structure or organism, often referring specifically to the large, fluid-filled space in sponges.