Last year a global disturbance of weather patterns disrupted harvests in many of the world's important agricultural areas. World
wide production of soybeans, an important source of protein for people and livestock alike, was not adversely affected, however. Indeed, last year's soybean crop was actually slightly larger than average. Nevertheless, the weather phenomenon is probably responsible for a recent increase in the world price of soybeans. Which of the following, if true, provides the strongest justification for the attribution of the increase in soybean prices to the weather phenomenon?
(A) Last year's harvest of anchovies, which provide an important protein source for livestock, was disrupted by the effects of the weather phenomenon.
(B) Most countries that produce soybeans for export had above-average harvests of a number of food crops other than soybeans last year.
(C) The world price of soybeans also rose several years ago, immediately after an earlier occurrence of similar global weather disturbance.
(D) Heavy rains attributable to the weather phenomenon improved grazing pastures last year, allowing farmers in many parts of the world to reduce their dependence on supplemental feed.
(E) Prior to last year, soybean prices had been falling for several years.
(A) Last year's harvest of anchovies, which provide an important protein source for livestock, was disrupted by the effects of the weather phenomenon.
Explanation:
The only one that could provide justification for the attribution of the increase in the soybean despite the excess in offer because the abnormally large harvest in the countries that produce it would be that a similar product that took care of the same necesities had low harvest thus resulting on a low offer of that product, increasing the demand for similar products.
(A) Last year's harvest of anchovies, which provide an important protein source for livestock, was disrupted by the effects of the weather phenomenon.
Explanation:
The only one that could provide justification for the attribution of the increase in the soybean despite the excess in offer because the abnormally large harvest in the countries that produce it would be that a similar product that took care of the same necesities had low harvest thus resulting on a low offer of that product, increasing the demand for similar products.
Negligent misrepresentation occurs when a person, in this case the agent in the exercise, has made a statement about something or someone (in this case a property) without having any reason to believe it true. As the name says, negligent misrepresentation; the agent should've noticed a clearly visible and obvious problem (negligence) and then he said it was all ok (misrepresentation).
