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Questions and Answers
Which country leads in terms of economic development?
Which country leads in terms of economic development?
- India
- Brazil
- China (correct)
- Japan
What are some advantages of India in the long run according to the text?
What are some advantages of India in the long run according to the text?
- Skilled labor force
- Lower unemployment rate
- English fluency and a younger demographic (correct)
- Higher GDP per capita
What is India's strength in terms of economic development?
What is India's strength in terms of economic development?
- Manufacturing
- Services (correct)
- Outsourcing
- Technology
What are China and India competing with each other for?
What are China and India competing with each other for?
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Which country has been the manufacturing powerhouse?
Which country has been the manufacturing powerhouse?
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Which classification refers to the world’s lower-income nations with less technically developed infrastructures and lower living standards?
Which classification refers to the world’s lower-income nations with less technically developed infrastructures and lower living standards?
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What is the total monetary value of all goods and services produced within a nation?
What is the total monetary value of all goods and services produced within a nation?
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What does Gross National Income (GNI) represent?
What does Gross National Income (GNI) represent?
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Which factor plays an important role in determining the economy's level of production and rate of growth?
Which factor plays an important role in determining the economy's level of production and rate of growth?
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What does the foreign environment include?
What does the foreign environment include?
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