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Recent moves to lower the tariff on Spring lamb imported

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Recent moves to lower the tariff on Spring lamb imported [#permalink] New post 31 Jul 2011, 12:00
00:00
A
B
C
D
E

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  5% (low)

Question Stats:

73% (02:26) correct 26% (01:05) wrong based on 42 sessions
Recent moves to lower the tariff on Spring lamb imported into the United States have met with protests from sheep ranchers in the United States. These ranchers complain that the United States' market would be flooded with cheap frozen Spring lamb imported from Argentina and New Zealand, and that they would be forced out of business.

Which of the following, if true, would be most damaging to the United States sheep ranchers' position?

Many economists believe that tariffs actually damage the industry which they are intended to protect.
There is a subtle difference in the tastes of frozen Spring lamb and fresh Spring lamb.
Sales of Spring lamb within the United States have been falling for many years as consumers look for lighter, less fatty meat.
The quality of Spring lamb produced by ranchers in the United States is as high as any in the world.
Almost all of the Spring lamb produced by ranchers in the United States is exported.
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Re: CR - 700 level - Lamb [#permalink] New post 31 Jul 2011, 20:05
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The OA should be (E).

(A): Even if economists believe so, there is no clear evidence to link this to the ranchers' position. Incorrect.
(B): There is no evidence for the difference in tastes does not translate into a definite advantage in the market. Incorrect.
(C): The move of allowing the import of Spring lamb has no relation to how the market is currently doing. What we need to compare is how the ranchers will do if the import is allowed v/s how they will do if it is disallowed. No evidence on this. Incorrect.
(D): Even if the quality of domestically produced Spring lamb and the imported variety is the same, the import could still hurt the ranchers economically and cause them to lose out. Incorrect.
(E): CORRECT. If most of the Spring lamb being produced by ranchers in the United States is anyway exported, then the import will not hurt the ranchers as the import affects the United States market, but the ranchers' produce is sold in foreign markets.
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Re: CR - 700 level - Lamb [#permalink] New post 31 Jul 2011, 21:39
+1 for E.

Agree with the explanation provided.

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Re: CR - 700 level - Lamb [#permalink] New post 01 Aug 2011, 04:37
I would go with E . Import of cheap frozen lamp will not affect the business of sheep ranchers if all of the Spring lamb produced by ranchers in the United States is exported !!!
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Re: CR - 700 level - Lamb [#permalink] New post 15 Aug 2011, 08:40
I completely agrees with the explaination provided. IMO E, OA Please?
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Re: CR - 700 level - Lamb [#permalink] New post 15 Aug 2011, 11:04
yes, I also think, that E is the correct answ
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Re: CR - 700 level - Lamb [#permalink] New post 30 Aug 2011, 16:42
Many economists believe that tariffs actually damage the industry which they are intended to protect. OUT OF SCOPE
There is a subtle difference in the tastes of frozen Spring lamb and fresh Spring lamb. OUT OF SCOPE
Sales of Spring lamb within the United States have been falling for many years as consumers look for lighter, less fatty meat. OUT OF SCOPE
The quality of Spring lamb produced by ranchers in the United States is as high as any in the world. IRRELEVANT
Almost all of the Spring lamb produced by ranchers in the United States is exported CORRECT
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Re: CR - 700 level - Lamb [#permalink] New post 30 Aug 2011, 18:06
+1 E

If the American meat is exported, it won't compete with the meat from Argentina in the US.
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Re: CR - 700 level - Lamb [#permalink] New post 30 Aug 2011, 20:51
+1 for E, but option C for me is strengthening the conclusion and is not out of scope...
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Re: CR - 700 level - Lamb [#permalink] New post 30 Aug 2011, 21:38
I Go For E.
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Re: CR - 700 level - Lamb [#permalink] New post 31 Aug 2011, 07:39
I go with C
C -ranchers' position would not be affected if c were true.
E actually states that the raunchers have no effect of the tariff change.
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Re: CR - 700 level - Lamb [#permalink] New post 31 Aug 2011, 10:33
+1 for E
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Re: CR - 700 level - Lamb [#permalink] New post 31 Aug 2011, 23:10
+1 for E !!
If the whole sheep lamb produced in United States is exported then whatever happens with in United states does not affect the Ranchers
So E says it all
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Re: CR - 700 level - Lamb [#permalink] New post 31 Aug 2011, 23:52
Yeah E straight..

A) This is sort of a strengthener,restating that tariffs(low or high) will actually affect the business.
B) Out of scope.
C) Again out of scope. Comparison needs to be provided between foreign lamb and local lamb.
D) Strengthener if anything. If quality is same and foreign lamb being cheaper than rancher's lamb,demand for local lamb will certainly go low.
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Re: Recent moves to lower the tariff on Spring lamb imported [#permalink] New post 02 Jun 2013, 06:58
bschool83 wrote:
Recent moves to lower the tariff on Spring lamb imported into the United States have met with protests from sheep ranchers in the United States. These ranchers complain that the United States' market would be flooded with cheap frozen Spring lamb imported from Argentina and New Zealand, and that they would be forced out of business.

Which of the following, if true, would be most damaging to the United States sheep ranchers' position?

Many economists believe that tariffs actually damage the industry which they are intended to protect.
There is a subtle difference in the tastes of frozen Spring lamb and fresh Spring lamb.
Sales of Spring lamb within the United States have been falling for many years as consumers look for lighter, less fatty meat.
The quality of Spring lamb produced by ranchers in the United States is as high as any in the world.
Almost all of the Spring lamb produced by ranchers in the United States is exported.

Which of the following, if true, would be most damaging to the United States sheep ranchers' position? --DOES this question mean weakening ? on the sheep rancher's position?
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Re: Recent moves to lower the tariff on Spring lamb imported [#permalink] New post 02 Jun 2013, 09:43
ruplun wrote:
bschool83 wrote:
Recent moves to lower the tariff on Spring lamb imported into the United States have met with protests from sheep ranchers in the United States. These ranchers complain that the United States' market would be flooded with cheap frozen Spring lamb imported from Argentina and New Zealand, and that they would be forced out of business.

Which of the following, if true, would be most damaging to the United States sheep ranchers' position?

Many economists believe that tariffs actually damage the industry which they are intended to protect.
There is a subtle difference in the tastes of frozen Spring lamb and fresh Spring lamb.
Sales of Spring lamb within the United States have been falling for many years as consumers look for lighter, less fatty meat.
The quality of Spring lamb produced by ranchers in the United States is as high as any in the world.
Almost all of the Spring lamb produced by ranchers in the United States is exported.

Which of the following, if true, would be most damaging to the United States sheep ranchers' position? --DOES this question mean weakening ? on the sheep rancher's position?


Yes. The sheep ranchers' position is opposition to import. We need to put that position in danger.
E does that. If everything is exported by US sheep ranchers' domestic demand will put their position in danger.
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Re: Recent moves to lower the tariff on Spring lamb imported   [#permalink] 02 Jun 2013, 09:43
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