PrepTest 86, Section 2, Question 22
Economist: Gifts of cash or gift cards, which allow the recipient to choose the actual gift, are more highly valued by recipients than are gifts chosen for them by others. In a study, when people were asked how much they would have been willing to pay for gifts chosen for them by others, they responded by citing amounts that were on average only about two-thirds of the actual price of the gifts.
Economist: Gifts of cash or gift cards, which allow the recipient to choose the actual gift, are more highly valued by recipients than are gifts chosen for them by others. In a study, when people were asked how much they would have been willing to pay for gifts chosen for them by others, they responded by citing amounts that were on average only about two-thirds of the actual price of the gifts.
Economist: Gifts of cash or gift cards, which allow the recipient to choose the actual gift, are more highly valued by recipients than are gifts chosen for them by others. In a study, when people were asked how much they would have been willing to pay for gifts chosen for them by others, they responded by citing amounts that were on average only about two-thirds of the actual price of the gifts.
Economist: Gifts of cash or gift cards, which allow the recipient to choose the actual gift, are more highly valued by recipients than are gifts chosen for them by others. In a study, when people were asked how much they would have been willing to pay for gifts chosen for them by others, they responded by citing amounts that were on average only about two-thirds of the actual price of the gifts.
Which one of the following, if true, most seriously weakens the economist's argument?
The rate at which gifts are returned to retailers has been steadily increasing since the rate was first measured.
Gifts of cash and gift cards currently represent only about 14 percent of all gift giving.
People in the study would have been willing to pay more for gifts chosen for them by close friends and relatives than for gifts chosen for them by others.
People are unwilling to sell gifts chosen for them by others unless offered about one and a half times the gift's actual price.
Most retailers require receipts before people can return gifts for refund or exchange.
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