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Abhi077
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04 Oct 2020, 23:14
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If there is any obstacle to international food grains movement and international prices of food grains rise, domestic food grains prices in free market economies like India will rise as well whether or not such countries import food grains.
Which of the following conclusions is best supported by the statements above?
A. Obstacles to international food grain movements have little, if any, effect on the price of domestic food grains as long as a free market economy has domestic supplies capable of meeting domestic needs.
B. The food grain market in a free market economy is actually part of the international food grain market, even if most of that country's grain is usually sold to consumers within its borders.
C. Domestic producers of food grains in free market economies are unaffected by the international food grain market when there is an obstacle in the international food grain trade.
D. Free market economies that export little or none of their food grains can maintain stable domestic food grains prices even when international prices rise sharply.
E. If international food grains prices rise, domestic food grain producers in free market economies will begin to import more food grains then they export.
Which of the following conclusions is best supported by the statements above?
A. Obstacles to international food grain movements have little, if any, effect on the price of domestic food grains as long as a free market economy has domestic supplies capable of meeting domestic needs.
B. The food grain market in a free market economy is actually part of the international food grain market, even if most of that country's grain is usually sold to consumers within its borders.
C. Domestic producers of food grains in free market economies are unaffected by the international food grain market when there is an obstacle in the international food grain trade.
D. Free market economies that export little or none of their food grains can maintain stable domestic food grains prices even when international prices rise sharply.
E. If international food grains prices rise, domestic food grain producers in free market economies will begin to import more food grains then they export.
05 Oct 2020, 03:34
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If there is any obstacle to international food grains movement and international prices of food grains rise, domestic food grains prices in free market economies like India will rise as well whether or not such countries import food grains.
Which of the following conclusions is best supported by the statements above?
A. Obstacles to international food grain movements have little, if any, effect on the price of domestic food grains as long as a free market economy has domestic supplies capable of meeting domestic needs. Incorrect
oppose argument conclusion
B. The food grain market in a free market economy is actually part of the international food grain market, even if most of that country's grain is usually sold to consumers within its borders. Correct
C. Domestic producers of food grains in free market economies are unaffected by the international food grain market when there is an obstacle in the international food grain trade. Incorrect
our concern for food grains prices, not effect on Domestic producers
D. Free market economies that export little or none of their food grains can maintain stable domestic food grains prices even when international prices rise sharply. Incorrect
weakens argument
E. If international food grains prices rise, domestic food grain producers in free market economies will begin to import more food grains then they export. Incorrect
irrelevent, our concern for food grains prices, not import more food grains then they export
Which of the following conclusions is best supported by the statements above?
A. Obstacles to international food grain movements have little, if any, effect on the price of domestic food grains as long as a free market economy has domestic supplies capable of meeting domestic needs. Incorrect
oppose argument conclusion
B. The food grain market in a free market economy is actually part of the international food grain market, even if most of that country's grain is usually sold to consumers within its borders. Correct
C. Domestic producers of food grains in free market economies are unaffected by the international food grain market when there is an obstacle in the international food grain trade. Incorrect
our concern for food grains prices, not effect on Domestic producers
D. Free market economies that export little or none of their food grains can maintain stable domestic food grains prices even when international prices rise sharply. Incorrect
weakens argument
E. If international food grains prices rise, domestic food grain producers in free market economies will begin to import more food grains then they export. Incorrect
irrelevent, our concern for food grains prices, not import more food grains then they export
Abhi077
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06 Oct 2020, 23:07
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OFFICIAL EXPLANATION
The conclusion from the given para is that even if a free market economy does not import food grains. if the world food grain price rises, then domestic prices will also rise. In other words the domestic food grains market is actually pan of the international market in that it is affected by price movement in the latter. Hence choice B.
Choice A, C and D negates the given premises
Choice E is illogical
Hence the answer is Choice (B)
The conclusion from the given para is that even if a free market economy does not import food grains. if the world food grain price rises, then domestic prices will also rise. In other words the domestic food grains market is actually pan of the international market in that it is affected by price movement in the latter. Hence choice B.
Choice A, C and D negates the given premises
Choice E is illogical
Hence the answer is Choice (B)
