Which One of the Following Is a Reason India Became

question 64

Multiple Choice

Which one of the following is a reason India became positioned as the global center of IT professional?

• A)India has the largest labor force in the world.
• B)India is the largest democracy in the world.
• C)The government of India invested in five elite engineering universities in the 1970s.
• D)U.S. immigration policies deterred workers from coming to the U.S.

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Definitions:

Output Level

The quantity of goods or services produced by a company, industry, or economic system at a given time.

Average Revenue

The amount of income generated per unit of sale or the total revenue divided by the quantity of products or services sold.

Marginal Revenue

The income boost obtained through the sale of one extra unit of a product or service.

Pure Competition

A market structure characterized by an extremely high level of competition, where no single buyer or seller can influence the market price.