Federal agricultural programs aimed at benefiting one group whose livelihood depends on farming often end up harming another such group.
Which of the following statements provides support for the claim above?
Ⅰ. An effort to help feed-grain producers resulted in higher prices for their crops, but the higher prices decreased the profits of livestock producers.
Ⅱ. In order to reduce crop surpluses and increase prices, growers of certain crops were paid to leave a portion of their land idle, but the reduction was not achieved because improvements in efficiency resulted in higher production on the land in use.
Ⅲ.Many farm workers were put out of work when a program meant to raise the price of grain provided grain growers with an incentive to reduce production by giving them surplus grain from government reserves.
(A) Ⅰ, but not Ⅱ and not Ⅲ
(B) Ⅱ, but not Ⅰand not Ⅲ
(C) Ⅰand Ⅲ, but not Ⅱ
(D) Ⅱ and Ⅲ, but not Ⅰ
(E) Ⅰ,Ⅱand Ⅲ
Please also justify your answers.
SAID BUSINESS SCHOOL, OXFORD - MBA CLASS OF 2008