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 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 ability to

Question

Examsnet · Accepted Answer

Correct Answer is :  balance its trade while its standard of living rises

GMAT Verbal Reasoning Practice Test 4