Which of the Following Statements Is Not True

question 102

Multiple Choice

Which of the following statements is not true?

• A) Some observers have argued that American industry and the American economy as a whole will be strengthened by sending activities to workers in India or other foreign nations that have comparative advantages in areas such as labor costs.
• B) India, with relatively few resources but a large population, should have a comparative advantage in the production of goods or services that require large amounts of expensive labor.
• C) India may have a comparative advantage over some other developing countries because about 350 million of its people are able to read English, and 100 million of those also understand spoken English and can communicate in English sentences.
• D) The sophistication and skill levels required for jobs outsourced to India are rising rapidly, driven by the abundance of qualified and low-cost workers in India.
• E) An estimated 1.6 million U.S. individual and corporate tax returns are prepared annually in India.

---

Definitions:

Current Liabilities

Short-term financial obligations that are due to be paid within one fiscal year or the operating cycle, whichever is longer.

Non-current Liabilities

Non-current liabilities are obligations a company owes that are not expected to be paid within the next twelve months, including long-term loans, bond payables, and deferred tax liabilities.

Current Assets

Resources anticipated to be turned into cash, disposed of, or used up either within a year or over the course of the operating cycle, depending on which period extends further.