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Neither a rising standard of living nor balanced trade, by

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Director
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Neither a rising standard of living nor balanced trade, by [#permalink] New post 19 Dec 2005, 15:19
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Neither a rising standard of living nor balanced trade, by itself establishes a country's ability to compete in the international marketplace. Both are requried simultaneously since standards of living can rise because of growing trade deficits and trade can be balanced by means of a decline in a country's standard of living.

If the facts stated in the passage above are true, a proper test of a country's ability to be competitive is its ablility to

a) balance its trade while its standard of living rises

b) balance its trade while its standard of living falls

c) increase trade deficits while its standard of living rises

d) decrease trade deficits while its standard of living falls

e) keep its standard of living constant while trade deficits rise

Last edited by joemama142000 on 19 Dec 2005, 18:34, edited 1 time in total.
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 [#permalink] New post 19 Dec 2005, 16:19
Answer is A...as stated in the first sentence.
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 [#permalink] New post 20 Dec 2005, 01:53
A too...
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 [#permalink] New post 20 Dec 2005, 06:27
oa is A
  [#permalink] 20 Dec 2005, 06:27
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