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# Current farm policy is institutionalized penalization of

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VP
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Current farm policy is institutionalized penalization of [#permalink]

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28 Feb 2009, 00:06
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Difficulty:

55% (hard)

Question Stats:

58% (02:25) correct 42% (01:21) wrong based on 914 sessions

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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. ---> Irrelevant. How does it show that the farm policy is penalizing consumers and taxpayers? (A) I only (B) II only (C) III only (D) I and II only (E) I, II, and III ---------------------- Clearly, option D. Hope that helps. Regards, Technext _________________ +++ Believe me, it doesn't take much of an effort to underline SC questions. Just try it out. +++ +++ Please tell me why other options are wrong. +++ ~~~ The only way to get smarter is to play a smarter opponent. ~~~ Manager Joined: 26 Nov 2009 Posts: 166 Followers: 3 Kudos [?]: 57 [1] , given: 5 Re: CR: Farm policy [#permalink] ### Show Tags 02 Feb 2010, 22:26 1 This post received KUDOS 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. affects consumer since food prices increases due to farm subsidies 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. benefits given to farmers affects taxpayers III. The average full-time farmers have an average net worth of over$300,000. networth of farmers doesn't affect tax payers and consumers so irrelavant

only option I and II support authors claim

so my choice is D
Manager
Joined: 20 Sep 2012
Posts: 51
Concentration: Finance, Entrepreneurship
GMAT 1: 750 Q50 V40
GPA: 3.37
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Kudos [?]: 52 [1] , given: 34

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

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12 Feb 2013, 09:28
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Got it wrong. This is a very weird question.
Senior Manager
Joined: 21 Apr 2008
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Schools: Kellogg, MIT, Michigan, Berkeley, Marshall, Mellon
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28 Feb 2009, 09:28
ritula wrote:
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 Hi mates, IMO A I've chosen A thanks to eliminating others. II out because it talks about ethanol production costs and the question is wider. III out because it talks about just full-time farmers and alse because the net worth doesn't add any special thing and because "None" is not among answers, I must be correct OA and Source? Cheers _________________ mates, please visit my profile and leave comments http://gmatclub.com/forum/johnlewis1980-s-profile-feedback-is-more-than-welcome-80538.html I'm not linked to GMAT questions anymore, so, if you need something, please PM me I'm already focused on my application package My experience in my second attempt http://gmatclub.com/forum/p544312#p544312 My experience in my third attempt http://gmatclub.com/forum/630-q-47-v-28-engineer-non-native-speaker-my-experience-78215.html#p588275 Director Joined: 04 Jan 2008 Posts: 900 Followers: 72 Kudos [?]: 622 [0], given: 17 Re: CR: Farm policy [#permalink] ### Show Tags 28 Feb 2009, 12:18 agreed I and II both +1 to you _________________ http://gmatclub.com/forum/math-polygons-87336.html http://gmatclub.com/forum/competition-for-the-best-gmat-error-log-template-86232.html SVP Joined: 17 Jun 2008 Posts: 1553 Followers: 11 Kudos [?]: 264 [0], given: 0 Re: CR: Farm policy [#permalink] ### Show Tags 28 Feb 2009, 17:39 Very confusing question. Initially, I thought options I and II are correct. But, I will go only with I because, II does not support the fact that each year, the policy costs billions of dollars to tax payers. VP Joined: 18 May 2008 Posts: 1265 Followers: 17 Kudos [?]: 447 [0], given: 0 Re: CR: Farm policy [#permalink] ### Show Tags 28 Feb 2009, 23:29 OA is D. thanks Technext for the explanation Senior Manager Joined: 06 Jul 2007 Posts: 277 Followers: 3 Kudos [?]: 51 [0], given: 0 Re: CR: Farm policy [#permalink] ### Show Tags 01 Mar 2009, 12:24 ritula wrote: OA is D. thanks Technext for the explanation What's the source of this question? consider the second given statement : According to a study by the Department of Agriculture, each$1 of benefits provided to farmers for ethanol production costs consumers and taxpayers $4. How would one deduce a multiple of billion for the costs? this statement only talks about the proportions. Intern Joined: 29 Dec 2009 Posts: 41 Location: India Concentration: Finance, Real Estate Schools: Duke (Fuqua) - Class of 2014 GMAT 1: 770 Q50 V44 GPA: 3.5 WE: General Management (Real Estate) Followers: 4 Kudos [?]: 16 [0], given: 1 Re: CR: Farm policy [#permalink] ### Show Tags 02 Feb 2010, 06:55 Quote: What's the source of this question? consider the second given statement : According to a study by the Department of Agriculture, each$1 of benefits provided to farmers for ethanol production costs consumers and taxpayers $4. How would one deduce a multiple of billion for the costs? this statement only talks about the proportions. ritula wrote: OA is D. thanks Technext for the explanation What's the source of this question? consider the second given statement : According to a study by the Department of Agriculture, each$1 of benefits provided to farmers for ethanol production costs consumers and taxpayers $4. How would one deduce a multiple of billion for the costs? this statement only talks about the proportions. I second that....the logic behind II being a supporting statement is not convincing. Manager Joined: 29 Nov 2009 Posts: 107 Location: United States Followers: 1 Kudos [?]: 33 [0], given: 5 Re: CR: Farm policy [#permalink] ### Show Tags 02 Feb 2010, 07:30 Without using outside knowledge that ethanol costs drive up food costs, I don't see how II increases food costs for low/middle income people. Manager Joined: 27 Aug 2009 Posts: 138 Followers: 2 Kudos [?]: 31 [0], given: 1 Re: CR: Farm policy [#permalink] ### Show Tags 02 Feb 2010, 12:31 I agree I and II so answer D is correct Manager Joined: 27 Aug 2009 Posts: 138 Followers: 2 Kudos [?]: 31 [0], given: 1 Re: CR: Farm policy [#permalink] ### Show Tags 02 Feb 2010, 23:50 Wow! that's a confusing one! Thanks for posting! Intern Joined: 12 Jul 2009 Posts: 12 Followers: 0 Kudos [?]: 3 [0], given: 2 Re: CR: Farm policy [#permalink] ### Show Tags 11 Feb 2010, 10:26 Clearly D as III is completely irrelevant. Manager Joined: 10 Feb 2010 Posts: 192 Followers: 2 Kudos [?]: 118 [0], given: 6 Re: CR: Farm policy [#permalink] ### Show Tags 11 Feb 2010, 14:00 D Intern Joined: 14 Sep 2010 Posts: 7 Followers: 0 Kudos [?]: 1 [0], given: 6 Re: CR: Farm policy [#permalink] ### Show Tags 07 Feb 2011, 08:52 silasaaa2 wrote: 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. affects consumer since food prices increases due to farm subsidies 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. benefits given to farmers affects taxpayers III. The average full-time farmers have an average net worth of over$300,000. networth of farmers doesn't affect tax payers and consumers so irrelavant

only option I and II support authors claim

so my choice is D

hw would farm subsidies increase food prices and tat too for middle- and low-income families and costs the taxpayer billions of dollars a year. It might cost taxpayers billions of dollars. bt fud price increase - i couldnt gt tat. plz explain?
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07 Feb 2011, 10:22
Easy D
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07 Feb 2011, 10:50
Thanks guys, but i still agree with sanjay_gmat. how can u know it will cost millions?

thanks.
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07 Feb 2011, 13:14
Intern
Joined: 16 Mar 2010
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07 Feb 2011, 14:18
can you please post the source of this question? i don't see anything in statement 2 that supports costing the taxpayer billions of dollars per year.
Re: CR: Farm policy   [#permalink] 07 Feb 2011, 14:18

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