Current farm policy is institutionalized penalization of : GMAT Critical Reasoning (CR)
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# Current farm policy is institutionalized penalization of

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Director
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Current farm policy is institutionalized penalization of [#permalink]

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03 May 2008, 01:03
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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 authors 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 _________________ Persistence+Patience+Persistence+Patience=G...O...A...L If you have any questions you can ask an expert New! Director Joined: 01 Jan 2008 Posts: 513 Followers: 3 Kudos [?]: 52 [0], given: 0 Re: CR: Farm Subsidies [#permalink] ### Show Tags 03 May 2008, 01:35 Only three answers apply here A, B & D . D is better as its inclusive; both choices mentioned are linked to foreign policy .. Whats the OA Last edited by bhatiagp on 04 May 2008, 17:38, edited 1 time in total. CEO Joined: 17 May 2007 Posts: 2989 Followers: 60 Kudos [?]: 579 [0], given: 210 Re: CR: Farm Subsidies [#permalink] ### Show Tags 03 May 2008, 23:36 I'd say A - thats the only one that demonstrates that billions of dollars are being paid out in subsidies (and thereby costing the taxpayer). Intern Joined: 03 Oct 2007 Posts: 18 Followers: 0 Kudos [?]: 7 [0], given: 0 Re: CR: Farm Subsidies [#permalink] ### Show Tags 04 May 2008, 06:38 I'd say D. III - is out of scope I and II are both about higher prices and taxes. They seem good for me. Director Joined: 26 Jul 2007 Posts: 541 Schools: Stern, McCombs, Marshall, Wharton Followers: 7 Kudos [?]: 158 [0], given: 0 Re: CR: Farm Subsidies [#permalink] ### Show Tags 08 May 2008, 10:07 I say A The claims seem to be focused on food prices and II seems to be talking about ethanol. III seems way out of scope so I'm left with just I. SVP Joined: 28 Dec 2005 Posts: 1575 Followers: 3 Kudos [?]: 147 [0], given: 2 Re: CR: Farm Subsidies [#permalink] ### Show Tags 08 May 2008, 11:27 i think its D as well Manager Joined: 26 Mar 2008 Posts: 64 Schools: Duke '13 Followers: 1 Kudos [?]: 11 [0], given: 1 Re: CR: Farm Subsidies [#permalink] ### Show Tags 08 May 2008, 14:07 A Statement 1 notes the costs consumers$12B in higher food costs

Statement 2 does not clealry result in higher costs to consumers. It is plausible the $4 results in greater savings than the same amount. The statement only tells us the cost of the$1 of benefits provided to farmers and not whether the subsidy increases food prices.

Statement 3 is irrelevant.
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08 May 2008, 14:22
I will go with D.
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08 May 2008, 14:25
D
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08 May 2008, 17:32
A for me.
D seems to factor in ethanol which does not constitute food.
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08 May 2008, 17:46
OA?
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Re: CR: Farm Subsidies   [#permalink] 08 May 2008, 17:46
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