Why are a large number of IT jobs being outsourced to China and India?
a. India and China experience large balance of payment deficits.
b. India and China are highly capital intensive economies.
c. India and China have abundant supply of cheap skilled labor.
d. India and China offers the best working conditions for the employees.
e. India and China experiences balance of payment surpluses.
Question 2
An inferior good or service is any good or service for which:
a. an increase in price causes an increase in the quantity demanded.
b. a decrease in price causes an increase in demand.
c. an increase in price causes a decrease in the quantity demanded.
d. an increase in the amount consumed causes a decrease in marginal utility.
e. an increase in income causes a decrease in demand.
Green bee eater,nagpur,India
Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent
Mogao Caves (Caves of a Thousand Buddhas) Dunhuang, China.
Flow Patterns and Large-Scale Weather
China has relied on cheap coal to meet its demand for energy