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LoginExports and imports, a swelling favourable balance of trade, investments and bank-balances, are not an index or a balance sheet of national prosperity. Till the beginning of the Second World War, English exports were noticeably greater than what they are today. And yet England has greater national prosperity today than it ever had. Because the income of average Englishmen, working as field and factory labourers, clerks, policemen, petty shopkeepers and shop assistants, domestic workers and other low-paid workers, has gone up. The passage best supports the statement that:
Question Bank Competitive Reasoning 1 year ago
Option 1 : a country's economic standard can be best adjudged by per capital income.
Option 2 : a country's balance of trade is the main criteria of determining its economic prosperity.
Option 3 : a nation's economy strengthens with the increase in exports.
Option 4 : English trade has continually increased since the Second World War.
Option 5 : high performance is essential for organisational effectiveness.
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Best Answer
1 year ago
a country's balance of trade is the main criteria of determining its economic prosperity.Click Here For More