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# Neither a rising standard of living nor balanced trade, by

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Director
Joined: 05 Jan 2008
Posts: 688
Neither a rising standard of living nor balanced trade, by [#permalink]

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11 Jun 2008, 21:23
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Neither a rising standard of living nor balanced trade, by itself, establishes a countrys ability to compete in the international marketplace. Both are required simultaneously since standards of living can rise because of growing trade deficits and trade can be balanced by means of a decline in a countrys standard of living.

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

this was between A&E for me. Please explain your choice and reasoning.
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Director
Joined: 05 Jan 2008
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11 Jun 2008, 21:46
I go with A on second look.
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Persistence+Patience+Persistence+Patience=G...O...A...L

Senior Manager
Joined: 23 May 2006
Posts: 324

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11 Jun 2008, 21:47
A
Director
Joined: 10 Sep 2007
Posts: 938

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11 Jun 2008, 21:47
Should be A.

As passage says in trade deficit increases then standard of living increases. So E (which says standard of living remain constant is not true).
SVP
Joined: 04 May 2006
Posts: 1893
Schools: CBS, Kellogg

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11 Jun 2008, 21:52
I think this reference may help you not confuse between A and E

Fact: A or B ---> Not C

Correct Inference: C ---> Both A and B
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Senior Manager
Joined: 29 Aug 2005
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11 Jun 2008, 23:23
A is the only plausible option here
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Manager
Joined: 04 Jun 2008
Posts: 157

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12 Jun 2008, 06:32
Neither a rising standard of living nor balanced trade, by itself, establishes a countrys ability to compete in the international marketplace. Both are required simultaneously since standards of living can rise because of growing trade deficits and trade can be balanced by means of a decline in a countrys standard of living.

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

(A) balance its trade while its standard of living rises
Correct..Country should see both rise in standard of living and trade
(B) balance its trade while its standard of living falls
for country to be compititive enough standard of living should not fall
(C) increase trade deficits while its standard of living rises
for country to be compititive enough trade deficit should not rise
(D) decrease trade deficits while its standard of living falls
for country to be compititive enough standard of living should not fall
(E) keep its standard of living constant while trade deficits rise
for country to be compititive enough standard of living should be rising

IMO A is the answer.

what is OA

Chandra
Manager
Joined: 06 Feb 2008
Posts: 85

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12 Jun 2008, 06:34
should be A..!!!
Manager
Joined: 01 May 2008
Posts: 110
Location: São Paulo

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12 Jun 2008, 17:43
I think it's A here
Manager
Joined: 14 Jun 2007
Posts: 168
Location: Vienna, Austria

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13 Jun 2008, 02:13
what about B ?
Director
Joined: 05 Jan 2008
Posts: 688

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13 Jun 2008, 02:21
OA is A
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Persistence+Patience+Persistence+Patience=G...O...A...L

Re: CR:270/1000   [#permalink] 13 Jun 2008, 02:21
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# Neither a rising standard of living nor balanced trade, by

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