This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements is true about the trends in the flow of international trade ... (Read 91 times)

Metfan725

  • Hero Member
  • *****
  • Posts: 552
Which of the following statements is true about the trends in the flow of international trade witnessed in India since its independence?
 a. Trade liberalization was unable to boost India's economy in the first few decades of independence.
  b. Indian software exports now reflect an annual growth rate of an impressive 55 percent.
  c. The opening of trade and modern telecommunications allowed India's production set to expand and gain comparative advantage in software.
  d. Trade has enabled Indian engineers to command higher wages than most other nations specializing in software.

Question 2

If marginal physical product of labor is declining, then average physical product must also be declining.
 a. True
  b. False
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Viet Thy

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

C

Answer to Question 2

False




Metfan725

  • Member
  • Posts: 552
Reply 2 on: Jun 30, 2018
Wow, this really help


at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

For a complete list of videos, visit our video library