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Current farm policy is institutionalized penalization of [#permalink]
30 May 2009, 20:05
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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