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.
Meningocele. (a) A meningocele is a herniation of the meninges, usually associated with the spinal c
The approval of a new drug is a four-stage process: (1) preclinical investigation, (2) clinical inve
Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a
A ring link network reduces the number of wires it takes to interconnect all of the modules.
Decomposition of Productivity Gap Between India and the United States