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NikhilThachil
Hey NikhilThachil,
There are some excellent expert responses for this question. That said, I can help with this one!
The key to solving this question lies in understanding the function played by the following portion of the stimulus.
“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.”
Here is a video I made that may help provide clarity. You can check out the step-by-step solution on Neuron by e-GMAT to see the complete framework for handling these paradox-based inference questions, including visualization techniques and alternative approaches. You can also explore other GMAT official questions with detailed solutions on Neuron for structured practice here - they have comprehensive explanations that really help you build pattern recognition for the test.
Hope this helps you!
Harsha
NikhilThachil
Joined: 17 Oct 2021
Last visit: 18 Jan 2023
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Given Kudos: 1
Location: India
Schools: Harvard '24 Stanford '24 Wharton '24 Yale '24
02 Dec 2022, 10:01
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Hi Harsha egmat thank you so much for the detailed explanation!
11 Apr 2023, 16:58
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NikhilThachil
Here's what the passage says.
Neither a rising standard of living nor balanced trade, by itself, establishes a country's ability to compete in the international marketplace. Both are required simultaneously ....
So, two things are required for a country's ability to compete to be established: a rising standard of living and balanced trade.
Now, let's consider (A).
If the facts stated in the passage above are true, a proper test of a country's ability to be competitive is its ability to
(A) balance its trade while its standard of living rises
We see that (A) follows from what the passage says. After all, if "a rising standard of living" and "balanced trade" are "required" for establishing a country's ability to compete, then it follows that, if we want to "test" a country's ability to competitive, then we should consider its ability to do the two things "required" for establishing a country's ability to compete, "balance its trade while its standard of living rises," which are just what (A) mentions.
