A Country’s Standard of Living The "standard of living" of any country means the average person’s share of the goods and services the country produces. A country’s standard of living, ____1____, depends first and _____2____ on its capacity to produce wealth. "Wealth" in this sense is not money, for we do not live on money ______3_____ on things that money can buy: "goods" such as food and clothing, and "services" such as transport and "entertainment"1.9 G _; W6 l3 W, z1 f" A
A country’s capacity to produce wealth depends upon many factors, most of ____4___ have an effect on one another. Wealth depends _____5_____ a great extent upon a country’s natural resources. Some regions of the world are well supplied with coal and minerals, and have fertile soil and a favorable climate; other regions possess none of them.4 D% p4 r. I7 L
Next to natural resources ____6____ the ability to turn them to use. China is perhaps as well-off ____7_____ the USA in natural resources, but suffered for many years from civil and external was, and _____8_____ this and other reasons was _____9____ to develop her resources. Sound and stable political conditions, and ____10____ from foreign invasions, enable a country to develop its natural resources peacefully and steadily, and to produce more wealth than another country equally well favoured by nature but less well ordered2.
+ ?7 b! [3 ^8 B A country’s standard of living does not only depend upon the wealth that is produced and consumed ______11_____ its own borders, but also upon what is directly produced through international trade. _____12______, Britain’s wealth in foodstuffs and other agricultural products would be much less if she had to depend only on ____13____ grown at home. Trade makes it possible for her surplus manufactured goods to be traded abroad for the agricultural products that would _____14_____ be lacking. A country’s wealth is, therefore, much influenced by its manufacturing capacity, _____15____ that other countries can be found ready to accept its manufactures.
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12. A. In short B. For example C. As a result D. On the other hand
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