Find all School-related info fast with the new School-Specific MBA Forum

It is currently 21 Oct 2014, 07:20

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Pardon me if the post is duplicate. I am a new user in this

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
avatar
Joined: 09 Jan 2007
Posts: 242
Followers: 1

Kudos [?]: 5 [0], given: 0

Pardon me if the post is duplicate. I am a new user in this [#permalink] New post 15 Feb 2007, 14:39
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
Pardon me if the post is duplicate. I am a new user in this forum.

Thanks for reading.


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


The answer is 'D'

Last edited by rdg on 16 Feb 2007, 09:50, edited 1 time in total.
Intern
Intern
User avatar
Joined: 22 Sep 2006
Posts: 37
Followers: 0

Kudos [?]: 1 [0], given: 0

 [#permalink] New post 15 Feb 2007, 14:55
D.

I believe I & II provides the support for " ... costs the taxpayer billions of dollars a year" ... although II doesn't necessary lead to billions ...
Director
Director
User avatar
Joined: 09 Aug 2006
Posts: 529
Followers: 2

Kudos [?]: 25 [0], given: 0

 [#permalink] New post 15 Feb 2007, 19:49
D. As in 1, The subsidies are higher than what is required thi=us increasing the tax burden.
As in 2, The cost of production is higher thus makes things costlier.

Hence 1 & 2.
Manager
Manager
avatar
Joined: 14 Apr 2003
Posts: 85
Followers: 1

Kudos [?]: 1 [0], given: 0

 [#permalink] New post 15 Feb 2007, 20:04
jpauksta wrote:
D.

I believe I & II provides the support for " ... costs the taxpayer billions of dollars a year" ... although II doesn't necessary lead to billions ...


But are all farmers using ethanol ?
Director
Director
User avatar
Joined: 09 Aug 2006
Posts: 529
Followers: 2

Kudos [?]: 25 [0], given: 0

 [#permalink] New post 15 Feb 2007, 20:11
JainVineet has rightly pointed. But I think since the question says that if true, which means, whatever number of farmers use ethanol, it certainly contribute to the loss, however minuscile the loss is.

rdg, what is the OA ?
Manager
Manager
avatar
Joined: 14 Oct 2005
Posts: 66
Followers: 1

Kudos [?]: 7 [0], given: 0

Re: CR - Farm Policy [#permalink] New post 16 Feb 2007, 09:38
rdg wrote:
Pardon me if the post is duplicate. I am a new user in this forum.

Thanks for reading.


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.
Only I address both highlighted concerns above.
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
Director
Director
User avatar
Affiliations: FRM Charter holder
Joined: 02 Dec 2006
Posts: 736
Schools: Stanford, Chicago Booth, Babson College
Followers: 7

Kudos [?]: 22 [0], given: 4

Re: CR - Farm Policy [#permalink] New post 16 Feb 2007, 19:26
arj_singh1976 wrote:
rdg wrote:
Pardon me if the post is duplicate. I am a new user in this forum.

Thanks for reading.


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.
Only I address both highlighted concerns above.
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


Arj, why do u think II is not valid?
Manager
Manager
avatar
Joined: 09 Jan 2007
Posts: 242
Followers: 1

Kudos [?]: 5 [0], given: 0

 [#permalink] New post 19 Feb 2007, 22:10
OA is 'D'
  [#permalink] 19 Feb 2007, 22:10
    Similar topics Author Replies Last post
Similar
Topics:
Experts publish their posts in the topic I am new to GMAT!! sennin kuzo 2 19 Oct 2014, 06:35
New User casestudy 5 05 Aug 2012, 21:49
Help! Am I on track for 700+ GMAT score? (Knewton User) tatham 2 21 Feb 2010, 10:36
Can someone direct me to a previous post on this? I am misterJJ2u 1 22 Jan 2007, 14:44
duplicate post.... nakib77 0 24 Dec 2005, 09:53
Display posts from previous: Sort by

Pardon me if the post is duplicate. I am a new user in this

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.