Exports and imports - Marvel EDU

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Practice Reading: Multiple Choice, Single Answer ID: #36739 Exports and imports

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Read the text and answer the multiple-choice question by selecting the correct response. Only one response is correct.

Exports 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:

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a country's balance of trade is the main criteria of determining its economic prosperity. a nation's economy strengthens with the increase in exports. english trade has continually increased since the Second World War. A country's economic standard can best be judged by its per capita income.

Result:

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Option 4: "A country's economic standard can best be judged by its per capita income."

Explanation: The passage emphasizes that the income of average English workers has increased, indicating that per capita income is a better measure of economic prosperity than trade balance. This aligns with the main idea of the text, making Option 4 the correct answer.

Option 1: "a country's balance of trade is the main criteria of determining its economic prosperity."

Explanation: The text argues that exports and imports, along with a favorable balance of trade, do not serve as indicators of national prosperity. This directly contradicts the statement in Option 1, as it suggests that balance of trade is the main criterion, which the text refutes.

Option 2: "a nation's economy strengthens with the increase in exports."

Explanation: The passage indicates that despite a decrease in exports since the Second World War, England's national prosperity has increased. Therefore, this option is incorrect as it implies a direct correlation between exports and economic strength, which the text does not support.

Option 3: "english trade has continually increased since the Second World War."

Explanation: The text states that English exports were greater before the Second World War and have not increased since then. This makes Option 3 incorrect, as it falsely claims that trade has continually increased.

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