Which of the following statements is true about the trends in the flow of international trade witnessed in India since its independence?
A)Trade liberalization was unable to boost India's economy in the first few decades of independence.
B)Indian software exports now reflect an annual growth rate of an impressive 55 percent.
C)The opening of trade and modern telecommunications allowed India's production set to expand and gain comparative advantage in software.
D)Trade has enabled Indian engineers to command higher wages than most other nations specializing in software.

Question

Quizplus · Accepted Answer

The statement that the opening of trade and modern telecommunications allowed India's production set to expand and gain comparative advantage in software is true. This has resulted in India's software exports growing at a rapid rate. The other statements are either false or do not accurately reflect the trends in India's international trade.

Which of the Following Statements Is True About the Trends