India Has a Comparative Advantage in Service Exports for All

question 126

Multiple Choice

India has a comparative advantage in service exports for all the following reasons, except:

• A) India has a large number people who are educated and conversant in English.
• B) India is 12 hours ahead of Eastern Standard Time, which makes it easier to offshore some jobs.
• C) service sector jobs do not require massive infrastructure investment.
• D) Indians are closer to Americans for historical reasons, and therefore the two countries like to trade with each other.

Prepare basic financial statements, including income statements, balance sheets, and statements of owner's equity.

Identify the types of transactions that influence owner's equity.

Calculate net income or loss based on changes in capital and withdrawals.

Understand how liabilities are related to the assets and owner’s equity of a company.

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Definitions:

Confidence Interval

A range of values, derived from the sample data, that is believed, with a certain degree of probability, to contain the true population parameter.

Margin Of Error

An estimate of the amount by which an observed sample result may differ from the true value, providing a confidence interval for the estimation.

Statistic

A numerical characteristic or measure of a sample extracted from a larger population.

Student T Distributed

A probability distribution used in statistical analysis when the sample size is small and the population variance is unknown.