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Current farm policy is institutionalized penalization of

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Current farm policy is institutionalized penalization of [#permalink] New post 02 Sep 2005, 07:26
00:00
A
B
C
D
E

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Current farm policy is institutionalized penalization of consumers. It increases food prices for middle- and low-income families and costs the taxpayer billions of dollars a year.
Which of the following statements, if true, would provide support for the author’s claims above?

I. Farm subsidies amount to roughly $20 billion a year in federal payouts and $12 billion more in higher food prices.
II. According to a study by the Department of Agriculture, each $1 of benefits provided to farmers for ethanol production costs consumers and taxpayers $4.
III.The average full-time farmers have an average net worth of over $300,000.

(A) I only
(B) II only
(C) III only
(D) I and II only
(E) I, II, and III
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 [#permalink] New post 02 Sep 2005, 07:40
IMO B. I am so tempted to choose D. But to include (I) would involve a lot of assumptions - Federal earnings primarily come from taxes paid by consumers, and that the higher prices of $12B primarily effects the low and middle income consumers.

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 [#permalink] New post 02 Sep 2005, 12:26
I. Farm subsidies amount to roughly $20 billion a year in federal payouts and $12 billion more in higher food prices

I do not understand the sentence...can somebody explain...
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 [#permalink] New post 02 Sep 2005, 14:59
I echo ranga's sentiments..."more" than what??

I guess III is out so betwen I and II. II will certainly give support( as cost to consumers has gone up), so between B and D.
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 [#permalink] New post 03 Sep 2005, 00:46
OA is D.

I. Farm subsidies amount to roughly $20 billion a year in federal payouts and $12 billion more in higher food prices.
- All these payouts will come from taxpayers and the discounts off higher food prizes increases what middle and low income families have to pay

II. According to a study by the Department of Agriculture, each $1 of benefits provided to farmers for ethanol production costs consumers and taxpayers $4.
- payouts from taxpayers

III.The average full-time farmers have an average net worth of over $300,000.
- not important

So I and II are relevant.
  [#permalink] 03 Sep 2005, 00:46
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