1) what did china create to allow more international trade? a) special economic
ID: 1218549 • Letter: 1
Question
1) what did china create to allow more international trade?
a) special economic zones
b) foreign exchange centers
c) more open and transparent government meetings
d) new educational efforts.
2) which of the following is false about services trade for india and china?
a) india has a trade surplus in services
b) india trades primarly information services and other business services
c) china has a trade surplus in services
d) china exports more services than india does.
3) Trade in services such as information technology ?
a) creates gains for indias economy but national welfare lossess for the countries that import these services
b) is not percived as theartening by industrialized countries so is unlikely to lead any protectionist sentiment or pressures in the way manufacturing does.
c) is like other trade it creates winners and lossers,but the gains for national economics likely outweigh the costs.
d) make it highly that information technology jobs will ultimately disappear in the induastralized countries.
4) what is the pattern of exports and imports in china and india?
a) many barriers to imports exist
b) exports are heavily subsidized through government policy.
c) imports are not important to either nations economy
d) exports and omports are tied together, with exports depending on imported inputs and technology.
please can you give correct answers thanks
Explanation / Answer
1.
Correct option: (a) Special economic zones
2.
Correct option: (a) India has a trade surplus in services
Reason: India is a net exporter of services to rest of the world, thereby making its trade in services have a surplus balance
3.
Correct option: (a) Creates gains for India’s economy but national welfare losses for the countries that import these services
Reason: India is a net exporter of services to rest of the world, thereby making its trade in services have a surplus balance while trade deficit for other importing countries
4.
Correct option: (b) exports are heavily subsidized through government policy
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