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# Current farm policy is institutionalized penalization of

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Senior Manager
Joined: 14 Mar 2007
Posts: 295

Kudos [?]: 43 [0], given: 3

Location: Hungary
Current farm policy is institutionalized penalization of [#permalink]

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06 Jun 2007, 05:20
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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

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Senior Manager
Joined: 04 Jun 2007
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06 Jun 2007, 11:17
I would say D.

The avg. farmer's net worth seems irrelevant.

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Senior Manager
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06 Jun 2007, 11:19
D. Both clearly support the authors claim.

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Senior Manager
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06 Jun 2007, 19:43
Yes, it is D.

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Manager
Joined: 04 Jun 2003
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06 Jun 2007, 20:59
another vote for D. (I and II only)

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CEO
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06 Jun 2007, 23:48
D. Net worth is irrelevant.

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Manager
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07 Jun 2007, 02:33
Shouldn't it be B ? Statement I doesn't indicate that farm policy is penalizing consumers.

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Senior Manager
Joined: 14 Mar 2007
Posts: 295

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Location: Hungary

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07 Jun 2007, 06:23
OA is D. Thanks, now I clearly understand it.

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Re: Current farm policy is institutionalized penalization of [#permalink]

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29 Aug 2016, 05:18
Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

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Re: Current farm policy is institutionalized penalization of   [#permalink] 29 Aug 2016, 05:18
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