Statement–Argument — Should young entrepreneurs be encouraged? Arguments: I) Yes; they help drive industrial development. II) Yes; they reduce pressure on salaried employment markets by creating jobs. Choose the strong argument(s).
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Aif only argument I is strong
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Bif only argument II is strong
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Cif either I or II is strong
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Dif both I and II are strong
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ENone of these
Answer
Correct Answer: if both I and II are strong
Explanation
Introduction / Context:Entrepreneurship policy often seeks growth and employment. Both arguments speak to these canonical objectives.
Given Data / Assumptions:
- New firms introduce products, competition, and productivity gains.
- Startups and SMEs generate net job creation over time.
- Support can include credit, mentorship, and regulatory ease.
Concept / Approach:Argument I (industrial development) and II (job creation/less pressure on salaried jobs) are both directly policy-relevant. Hence both are strong.
Step-by-Step Solution:
I: Growth/productivity linkage → strong.II: Employment spillovers → strong.Verification / Alternative check:Many programs (incubators, credit guarantees) are built precisely on these two rationales.
Why Other Options Are Wrong:Any single-argument choice underweights the other valid dimension.
Common Pitfalls:Ignoring that quality of entrepreneurship support matters for outcomes.
Final Answer:if both I and II are strong.