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The Figures Given Below Show the Demand (D)and Supply (S)

question 43

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The figures given below show the demand (D) and supply (S) curves of labor in two different markets.Figure 16.3
The figures given below show the demand (D) and supply (S)  curves of labor in two different markets.Figure 16.3    -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.
-Why are a large number of IT jobs being outsourced to China and India?


Definitions:

Endorsement

The act of signing one's name on the back of a check or other negotiable instrument or the addition of a provision to an insurance policy, altering its coverage.

Negotiable Instrument

A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer and payee usually named.

Proper Use

The appropriate, intended, or correct manner of utilizing something according to guidelines, laws, or specifications.

Chattel Mortgage

A loan arrangement where personal movable property is used as security for the loan.

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