gwd-7-37

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Q37:
Escalating worldwide demand for corn has led to a sharp increase in the market price of corn, and corn prices are likely to remain high.  Corn is extensive used as feed for livestock, and because profit margins are tight in the livestock business, many farmers are expected to leave the business.  With fewer suppliers, meat prices will surely rise.  Nonetheless, observers expect an immediate short-term decrease in meat prices.

Which of the following, if true, most helps to justify the observers’ expectation?

A. The increase in corn prices is due more to a decline in the supply of corn than to a growth in demand for it.
B. Generally, farmers who are squeezed out of the livestock business send their livestock to market much earlier than they otherwise would.
C. Some people who ate meat regularly in the past are converting to diets that include little or no meat.
D. As meat prices rise, the number of livestock producers is likely to rise again.
E. Livestock producers who stay in the business will start using feed other than corn more extensively than they did in the past.
   Answer: b

i choose d

xiruihuang

答案应该为B。

the observers’ expectation是：在短期内，肉的价格会下降。

B说：farmers要离开livestock business行业，会把更早地把livestock卖掉。这样在短期内就会造成肉的价格的下降了。
D的发生不可能是短期内的。

poorleafes

同意B.

piacia

这道题说了半天到底和corn有什么关系?

YINDAPENG

因为玉米价格居高不下， 导致农户养殖业的利润不大， 所以一些农户想放弃养殖业。

stucashS

Nonetheless, observers expect an immediate short-term decrease in meat prices.

注意结论中无端多出个immediate，这个其实才是考的重点，而不是为什么会有decrease 。GMAC经常这么来误导大家，结论看似是有前面推出来的，但实际上加了一些其他的词，而这些词往往就是考点。

B选项，说farmers会再被挤出市场之前就把livestock扔了。也就是当大家都认识到这一点的时候，已经晚了。所以猜测会immediate 有个short－term的decrease。

就好像中国的股票市场，庄家早就把出货了，当你意识到这一点的时候，已经或者马上就会大跌了。这么看来中国的庄家原来也只是国外的farmer水平