Pardon me if the post is duplicate. I am a new user in this : GMAT Critical Reasoning (CR)
Check GMAT Club Decision Tracker for the Latest School Decision Releases http://gmatclub.com/AppTrack

 It is currently 23 Jan 2017, 17:17

### 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

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

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

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

Author Message
TAGS:

### Hide Tags

Manager
Joined: 09 Jan 2007
Posts: 240
Followers: 2

Kudos [?]: 27 [0], given: 0

Pardon me if the post is duplicate. I am a new user in this [#permalink]

### Show Tags

15 Feb 2007, 14:39
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

### HideShow timer Statistics

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

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 authorâ€™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. If you have any questions you can ask an expert New! Intern Joined: 22 Sep 2006 Posts: 37 Followers: 0 Kudos [?]: 1 [0], given: 0 ### Show Tags 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 Joined: 09 Aug 2006 Posts: 525 Followers: 2 Kudos [?]: 90 [0], given: 0 ### Show Tags 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 Joined: 14 Apr 2003 Posts: 84 Followers: 1 Kudos [?]: 22 [0], given: 0 ### Show Tags 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 Joined: 09 Aug 2006 Posts: 525 Followers: 2 Kudos [?]: 90 [0], given: 0 ### Show Tags 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 Joined: 14 Oct 2005 Posts: 65 Followers: 1 Kudos [?]: 56 [0], given: 0 Re: CR - Farm Policy [#permalink] ### Show Tags 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 authorâ€™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
Affiliations: FRM Charter holder
Joined: 02 Dec 2006
Posts: 734
Schools: Stanford, Chicago Booth, Babson College
Followers: 16

Kudos [?]: 79 [0], given: 4

Re: CR - Farm Policy [#permalink]

### Show Tags

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.

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 authorâ€™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
Joined: 09 Jan 2007
Posts: 240
Followers: 2

Kudos [?]: 27 [0], given: 0

### Show Tags

19 Feb 2007, 22:10
OA is 'D'
19 Feb 2007, 22:10
Similar topics Replies Last post
Similar
Topics:
9 The existing anti-duplication laws, restricting 8 26 Feb 2014, 09:01
Wondering if any *new* questions will be posted?? 0 02 Jul 2010, 12:20
I am not a native speeker of English. I am a chinese. When I 2 07 Oct 2009, 10:11
1 Attention - this forum has a new posting requirement - you 2 31 Aug 2009, 02:41
Display posts from previous: Sort by