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15 Aug 2022, 16:00
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The United States dairy industry argues that tariffs on imported milk should be increased to protect dairy farmers. They base the justification for an increased tariff on the high mortgages on farmland in the United States. However, cattle and hog ranches in the United States also pay mortgages on United States land, and yet they are not demanding increased tariffs.
Which of the following, if true, would best support the dairy industry's argument against the challenge made above?
A. Dairy farms are generally closer to urban and suburban areas, where the costs of land are greater and the mortgages higher, than are cattle and hog ranches.
B. The sectors of the economy most affected by the relatively high cost of land in the United States — manufacturing and commercial development — are not well protected by tariffs.
C. No industries other than the dairy industry have asked for an increase in tariffs in the past ten years.
D. There are many industries in which the proportion of revenues devoted to mortgages is much higher than in the dairy industry.
E. The costs of producing milk and dairy products in some countries are so low that no reasonable tariff could eliminate them as competitors.
Which of the following, if true, would best support the dairy industry's argument against the challenge made above?
A. Dairy farms are generally closer to urban and suburban areas, where the costs of land are greater and the mortgages higher, than are cattle and hog ranches.
B. The sectors of the economy most affected by the relatively high cost of land in the United States — manufacturing and commercial development — are not well protected by tariffs.
C. No industries other than the dairy industry have asked for an increase in tariffs in the past ten years.
D. There are many industries in which the proportion of revenues devoted to mortgages is much higher than in the dairy industry.
E. The costs of producing milk and dairy products in some countries are so low that no reasonable tariff could eliminate them as competitors.
wadhwakaran
Joined: 31 Mar 2022
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Schools: INSEAD Aug'24 intake Oxford Said'25 Judge '25 Imperial'25 HEC Sep'24 Intake LBS '26 ISB '27
GMAT 1: 700 Q50 V35
Posts: 263
15 Aug 2022, 18:19
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Premise: High Mortgages on the farmland in US.
Conclusion: Tariffs on imported milk should be increased to protect dairy farmers.
Challenge to Argument: Cattle and hog ranchers also pay mortgages on US land and yet they are not demanding tariff.
To counter the challenge the option A is the best because it clearly says dairy industry because of its location pay for mortgages in comparison with ranche industry.
Posted from my mobile device
Conclusion: Tariffs on imported milk should be increased to protect dairy farmers.
Challenge to Argument: Cattle and hog ranchers also pay mortgages on US land and yet they are not demanding tariff.
To counter the challenge the option A is the best because it clearly says dairy industry because of its location pay for mortgages in comparison with ranche industry.
Posted from my mobile device
15 Aug 2022, 23:37
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United States land, and yet they are not demanding increased tariffs.
Premise: tariffs on imported milk to increase in order to protect dairy farmers due to increased tariffs on high mortgages.
conclusion: cattle and hog ranches in the US also pay mortgages on land and yet they are not demanding increased tariffs
A. Dairy farms are generally closer to urban and suburban areas, where the costs of land are greater and the mortgages higher, than are cattle and hog ranches. dairy farms are paying higher mortgages as compared to cattle and hog ranches, hence they are demanding the increase- will hold on to this one
B. The sectors of the economy most affected by the relatively high cost of land in the United States — manufacturing and commercial development — are not well protected by tariffs.we are talking about dairy farms, cattle and hog ranches. Hence irrelevant
C. No industries other than the dairy industry have asked for an increase in tariffs in the past ten years. irrelevant. Doesn't support the argument in any way
D. There are many industries in which the proportion of revenues devoted to mortgages is much higher than in the dairy industry.same as B and C. irrelevant
E. The costs of producing milk and dairy products in some countries are so low that no reasonable tariff could eliminate them as competitors.we are not talking about competition here. Irrelevant
hence A is the answer.
Premise: tariffs on imported milk to increase in order to protect dairy farmers due to increased tariffs on high mortgages.
conclusion: cattle and hog ranches in the US also pay mortgages on land and yet they are not demanding increased tariffs
A. Dairy farms are generally closer to urban and suburban areas, where the costs of land are greater and the mortgages higher, than are cattle and hog ranches. dairy farms are paying higher mortgages as compared to cattle and hog ranches, hence they are demanding the increase- will hold on to this one
B. The sectors of the economy most affected by the relatively high cost of land in the United States — manufacturing and commercial development — are not well protected by tariffs.we are talking about dairy farms, cattle and hog ranches. Hence irrelevant
C. No industries other than the dairy industry have asked for an increase in tariffs in the past ten years. irrelevant. Doesn't support the argument in any way
D. There are many industries in which the proportion of revenues devoted to mortgages is much higher than in the dairy industry.same as B and C. irrelevant
E. The costs of producing milk and dairy products in some countries are so low that no reasonable tariff could eliminate them as competitors.we are not talking about competition here. Irrelevant
hence A is the answer.
