Trade in Services Such as Information Technology

question 47

Multiple Choice

Trade in services such as information technology

• A)is like other trade; it creates winners and losers, but the gains for national economies likely outweigh the costs.
• B)creates gains for India's economy, but national welfare losses for the countries that import these services.
• C)make it highly likely that information technology jobs will ultimately disappear in the industrialized countries.
• D)is not perceived as threatening by industrialized countries so is unlikely to lead to any protectionist sentiment or pressures in the way the manufacturing does.

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Definitions:

Uric Acid

A chemical created when the body breaks down substances called purines, excreted in urine and associated with gout and kidney stones when present in high concentrations.

Urea

A nitrogenous waste compound produced by the breakdown of proteins in the liver and excreted in urine.

Vertebrate Kidney

Organs in vertebrates responsible for filtering blood, removing waste products, and balancing bodily fluids.

Habitats

The natural environments where organisms live, providing the necessary resources for their survival and reproduction.