An argument states: 'Our city has a lower per capita income than the neighboring city, but it also has a lower cost of living. Therefore, residents of our city enjoy a higher quality of life overall.' The conclusion of the argument is flawed because it fails to consider that:
✓ Correct Answer: Option C
The argument assumes that the lower cost of living adequately compensates for lower income. Without comparing the magnitude of these differences, the conclusion about higher quality of life is unsubstantiated.