neither a rising standard of living nor balanced trade, by it self, establishes a country's ability to compete in the international market place. Both are required simulaneously since standards of living can be balanced by means of a decline in a country's standard of living
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 rises
E. keep its standard of living constant while trade deficits rise
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