Magoosh GMAT - Critical Reasoning Question

Critical Reasoning

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This year Italy experienced extreme frost, which damaged thousands of olive trees throughout the country. This damage resulted in a smaller olive harvest, which reduced the availability of Italian olive oil, and, given the same demand for the product, raised the price of olive oil on the international market.

Consequently, experts say we should expect the consumer price for domestically produced olive oil in the United States to rise as well this year, assuming the United States does not import any olive oil from Italy over the next 12 months.

Assuming the statements above are true, and domestic demand remains constant, which of the following actions could best counter the experts’ prediction of an increase in olive oil prices this year for consumers in the United States?

support incentives encouraging the decrease of domestic olive oil production support incentives promoting an increase in olive oil production in the United States support policies suspending the importation of Italian olive oil for two years support the increased hiring of workers to harvest olives in the United States support the importation of Italian olive oil this year

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