It is currently 09 Dec 2018, 11:03
My Tests

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Farmers in developing countries claim that the U.S. governme

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Moderator
Moderator
User avatar
Joined: 18 Apr 2015
Posts: 5112
Followers: 76

Kudos [?]: 1017 [0], given: 4624

CAT Tests
Farmers in developing countries claim that the U.S. governme [#permalink] New post 16 Jul 2018, 01:03
Expert's post
00:00

Question Stats:

60% (01:27) correct 39% (02:10) wrong based on 23 sessions
Farmers in developing countries claim that the U.S. government, through farm subsidies, is responsible for the artificially low global price of wheat. Because the U.S. government buys whatever wheat American farmers are unable to sell on the open market, American farmers have no incentive to modulate the size of their crops according to the needs of the global market. As a result, American farmers routinely produce more wheat than the global market can absorb and the global price of wheat is kept low. Without these subsidies, the farmers in developing economies claim, American farmers would produce only the amount of wheat that they could sell on the open market and the global price of wheat would rise.

Which of the following, if true, most weakens the claims of the farmers in developing countries regarding the price of wheat?

(A) Wheat that is not processed for consumption is often used for certain industrial applications.
(B) Non-governmental buyers of wheat and wheat products are able to predict how much wheat they will need several years in advance.
(C) The U.S. government offers similar subsidies to soybean farmers, though the global price of soybeans is significantly higher than that of wheat.
(D) Other countries, such as Canada and Russia, are likely to produce more wheat if the United States were to reduce its output.
(E) The price of sorghum, a crop for which the U.S. government offers no subsidies, is lower than that of wheat.
[Reveal] Spoiler: OA

_________________

Get the 2 FREE GREPrepclub Tests

1 KUDOS received
Intern
Intern
Joined: 14 Jul 2018
Posts: 33
Followers: 0

Kudos [?]: 14 [1] , given: 6

Re: Farmers in developing countries claim that the U.S. governme [#permalink] New post 11 Aug 2018, 01:12
1
This post received
KUDOS
To mostly weaken the argument, we should find reason to conclude that prices of wheat don't rise. D says that even if US sell less quantity, global output won't highly decrease, therefore there is a possibility that prices won't rise.
Re: Farmers in developing countries claim that the U.S. governme   [#permalink] 11 Aug 2018, 01:12
Display posts from previous: Sort by

Farmers in developing countries claim that the U.S. governme

  Question banks Downloads My Bookmarks Reviews Important topics  


cron

GRE Prep Club Forum Home| About| Terms and Conditions and Privacy Policy| GRE Prep Club Rules| Contact

Powered by phpBB © phpBB Group

Kindly note that the GRE® test is a registered trademark of the Educational Testing Service®, and this site has neither been reviewed nor endorsed by ETS®.