Current farm policy is institutionalized penalization of : GMAT Critical Reasoning (CR)
Check GMAT Club App Tracker for the Latest School Decision Releases http://gmatclub.com/AppTrack

 It is currently 09 Dec 2016, 12:06

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# Current farm policy is institutionalized penalization of

Author Message
TAGS:

### Hide Tags

GMAT Club Legend
Joined: 07 Jul 2004
Posts: 5062
Location: Singapore
Followers: 30

Kudos [?]: 348 [0], given: 0

Current farm policy is institutionalized penalization of [#permalink]

### Show Tags

02 Sep 2005, 07:26
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

### HideShow timer Statistics

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 authorâ€™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 If you have any questions you can ask an expert New! Senior Manager Joined: 13 Jan 2005 Posts: 331 Followers: 1 Kudos [?]: 2 [0], given: 12 [#permalink] ### Show Tags 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.

GA
Senior Manager
Joined: 29 Nov 2004
Posts: 484
Location: Chicago
Followers: 1

Kudos [?]: 25 [0], given: 0

### Show Tags

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...
_________________

Fear Mediocrity, Respect Ignorance

Manager
Joined: 07 Jun 2005
Posts: 90
Followers: 1

Kudos [?]: 0 [0], given: 0

### Show Tags

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.
GMAT Club Legend
Joined: 07 Jul 2004
Posts: 5062
Location: Singapore
Followers: 30

Kudos [?]: 348 [0], given: 0

### Show Tags

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.
Similar topics Replies Last post
Similar
Topics:
6 Current farm policy is institutionalized penalization of 39 27 Feb 2009, 23:06
Current farm policy is institutionalized penalization of 10 03 May 2008, 01:03
Current farm policy is institutionalized penalization of 3 26 Jun 2007, 11:34
1 Current farm policy is institutionalized penalization of 8 06 Jun 2007, 04:20
Current farm policy is institutionalized penalization of 6 15 May 2007, 04:23
Display posts from previous: Sort by