Consider the following excerpt from an economic history passage:
"While early twentieth-century econometricians largely attributed post-war agricultural price stabilization to federal price-floor interventions, modern archival analyses reveal that private grain cartel purchasing agreements had already capped market volatility prior to any legislative enactments."
Based on the passage excerpt, evaluate whether the following statement is True or False:
Modern archival findings imply that federal price-floor interventions were not the earliest factor to limit post-war agricultural price volatility.
Answer: Answer
Answer
True. The statement is fully supported by the sentence's explicit temporal sequence: private cartel agreements capped volatility prior to any legislative enactments (such as federal price floors).
The inference is valid because the target sentence explicitly places private cartel volatility capping prior to any legislative enactments. Since federal price floors were legislative interventions, they logically postdate the initial capping of market volatility by private cartels.
Step-by-Step Solution
Key Concept
Single-Sentence Inference: Deducing necessary logical conclusions from temporal modifiers and comparative contrast clauses within a single sentence.