Logical Reasoning: In 1980, global service exports totaled about $370 billion, approximately 20 percent of world trade. Still, no coherent system of rules, principles, and procedures exists to govern trade in services. Which of the following best summarizes the argument?

A Regulatory systems lag behind reality

B A regulatory system ought to reflect the importance of service exports.

C World trade totaled $1850 billion in 1980.

D Service trade legislation is a veritable wasteland.

Solution

Correct Answer: Option B

Solution

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