Date: April 23rd, 2017 12:07 PM
Author: Slippery Market
Adjusted for inflation, the income earned from wool sales
by a certain family of Australian sheep farmers grew
substantially during the period from 1840 to 1860. This is
because the price for wool sold on the international market
was higher than the price paid on domestic markets and
the percentage and amount of its wool that this family sold
internationally increased dramatically during that period.
But even though the family generated more income from
selling their wool, they failed to enjoy a commensurate
increase in prosperity.
Which one of the following would, if true, help most to
resolve the apparent paradox described above?
(A)
At the end of the 1800s, prices in general in Australia
rose more rapidly than did the wholesale price of
wool sold domestically.
(B)
The prices of wool sold to domestic markets by
Australian sheep farmers decreased dramatically
during the period in question.
(C)
The international and domestic prices for mutton,
sheepskins, and certain other products produced by
all Australian sheep farmers fell sharply during the
period in question.
(D)
Competition in wool sales increased during the
period in question, leaving Australian wool
producers in a less favorable position than
previously.
(E)
Among Australian sheep farmers, the percentage
who made their living exclusively from international
wool sales increased significantly during the period
in question.
(http://www.autoadmit.com/thread.php?thread_id=3593026&forum_id=2#33141277)