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anastassius [24]
4 years ago
14

Crops can be traded on the futures market before they are harvested. If a poor corn harvest is predicted, prices of corn futures

rise; if a bountiful corn harvest is predicted, prices of corn futures fall. This morning meteorologists are predicting much-needed rain for the corn-growing region starting tomorrow. Therefore, since adequate moisture is essential for the current crop’s survival, prices of corn futures will fall sharply today.
Which of the following, if true, most weakens the argument above?

(A) Corn that does not receive adequate moisture during its critical pollination stage will not produce a bountiful harvest.
(B) Futures prices for corn have been fluctuating more dramatically this season than last season.
(C) The rain that meteorologists predicted for tomorrow is expected to extend well beyond the corn-growing region.
(D) Agriculture experts announced today that a disease that has devastated some of the corn crop will spread widely before the end of the growing season.
(E) Most people who trade in corn futures rarely take physical possession of the corn they trade.
Business
1 answer:
r-ruslan [8.4K]4 years ago
8 0

Answer: From the comprehension , we can state the following two arguments:

<u><em>(a.) If a poor corn harvest is predicted, prices of corn futures rise.</em></u>

<u><em>(b.) If a bountiful corn harvest is predicted, prices of corn futures fall.</em></u>

Also, it has been predicted that much-needed rain for the corn-growing region will start tomorrow.

Now, if the following is true, then it weakens the above argument:<em><u> Agriculture experts announced today that a disease that has devastated some of the corn crop will spread widely before the end of the growing season.</u></em>

Since, it has already been predicted that it'll rain in requirements with the growth of the crop but if the crops are destroyed before the growing season , then there will be a decrease in cultivation and thus the prices will rise.

<u><em>Therefore, the correct option is (D)</em></u>

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