Which of the Following Is FALSE About Services Trade for India

question 23

Multiple Choice

Which of the following is FALSE about services trade for India and China?

• A)China exports more services than India does.
• B)India has a trade surplus in services.
• C)China has a trade surplus in services.
• D)India trades primarily information services and other business services.

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Definitions:

Value-based Pricing

A pricing strategy where the price is based on the perceived or estimated value of a product or service to the customer, rather than the cost of production.

Operating Costs

Expenses associated with the normal business operations, including cost of goods sold and operational overhead.

Operating Cost

Expenses associated with the day-to-day functions of a business, including costs for rent, utilities, and payroll.

Useful Life

The estimated period over which an asset is expected to be usable for its intended purpose, affecting depreciation calculations.