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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] New post 03 May 2008, 01:03
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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 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
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Director
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Re: CR: Farm Subsidies [#permalink] New post 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.
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Re: CR: Farm Subsidies [#permalink] New post 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).
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Re: CR: Farm Subsidies [#permalink] New post 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.
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Re: CR: Farm Subsidies [#permalink] New post 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.
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Re: CR: Farm Subsidies [#permalink] New post 08 May 2008, 11:27
i think its D as well
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Re: CR: Farm Subsidies [#permalink] New post 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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Re: CR: Farm Subsidies [#permalink] New post 08 May 2008, 14:22
I will go with D.
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Re: CR: Farm Subsidies [#permalink] New post 08 May 2008, 14:25
D
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Re: CR: Farm Subsidies [#permalink] New post 08 May 2008, 17:32
A for me.
D seems to factor in ethanol which does not constitute food.
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Re: CR: Farm Subsidies [#permalink] New post 08 May 2008, 17:46
OA?
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Re: CR: Farm Subsidies   [#permalink] 08 May 2008, 17:46
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