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28 Feb 2009, 00:06
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
55%
(hard)
Question Stats:
57% (01:39) correct
43%
(01:45)
wrong
based on 3481
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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
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
28 Feb 2009, 11:35
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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?
Explanation:
----------------------
I. Farm subsidies amount to roughly $20 billion a year in federal payouts and $12 billion more in higher food prices. ---> Correct. This option just looks like a restatement of the premise (the only difference is that they have added numbers instead of words).
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. ---> Clearly provides support for author's claim. Benefit ($1) provided to the farmers is not going to come from money plant; it will come from the taxpayers. Also, increase in production cost will be reflected in increased food prices, which will affect consumers.
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
Which of the following statements, if true, would provide support for the author’s claims above?
Explanation:
----------------------
I. Farm subsidies amount to roughly $20 billion a year in federal payouts and $12 billion more in higher food prices. ---> Correct. This option just looks like a restatement of the premise (the only difference is that they have added numbers instead of words).
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. ---> Clearly provides support for author's claim. Benefit ($1) provided to the farmers is not going to come from money plant; it will come from the taxpayers. Also, increase in production cost will be reflected in increased food prices, which will affect consumers.
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
General Discussion
19 Aug 2009, 18:04
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Bookmarks
I. Farm subsidies amount to roughly $20 billion a year in federal payouts and $12 billion more in higher food prices.
> Extracted: "It increases food prices for middle- and low-income families and costs the taxpayer billions of dollars a year."
> Indeed billions of dollars are committed.
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.
> Extracted: "Current farm policy is institutionalized penalization of consumers."
> Indeed, this policy is lousy because costs associated with the implementation far exceeds the benefits, hence consumers are penalized in a way.
> Extracted: "It increases food prices for middle- and low-income families and costs the taxpayer billions of dollars a year."
> Indeed billions of dollars are committed.
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.
> Extracted: "Current farm policy is institutionalized penalization of consumers."
> Indeed, this policy is lousy because costs associated with the implementation far exceeds the benefits, hence consumers are penalized in a way.
