Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:
Current farm policy is institutionalized penalization of [#permalink]
03 May 2008, 02:03
0% (00:00) correct
0% (00:00) wrong based on 0 sessions
HideShow timer Statictics
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.
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.