Need help answering these 5 problems. The first picture contains the information to the problems below
Nations and businesses engage in international trade to obtain raw materials and goods that are otherwise unavallable to them or available elsewhere at a lower price than that at which they themselves can produce. A nation, or individuals and organizations from a nation, sells surplus materials and goods to acquire funds to buy goods, services, and ideas its people need. Which goods and services a nation sells depends on what resources it has available Read the case below and answer the questions that follow Part I: India, with a population of 1.2 billion, has experienced incredible economic growth in the past 15 years and is currently the second fastest growing country in the world (China is first). For the past 15 years, the country has shown an average annual growth rate of 6 percent, and analysts beleve the country's annual growth rate may increase over the next 10 years. This growth is important to the country's population, which now exists in stark contrast between affluent cities and impoverished areas-on average, an Indian telephone operator earns less than $ 1 an hour, a medical transcriptionist about $ 2 an hour, and an accountant $ 10 an hour, and around 44 percent of the population live on under $1 a day Part lI: India's road to success has been and will be extremely different from the organized route China has taken to expand its economy. China's all-powerful government is responsible for the country's growth, while India has a large number of entrepreneurs who are determined and willing to do what it takes to make money. Indian companies are growing at remarkable annual rates of 15 to 25 percent. However, Indian consumers are also contributing to this growth. Personal consumption accounts for 67 percent of India's gross domestic product, only 3 percent behind the United States which has the highest personal consumption rate Part IlI: American companies have moved their operations to India to take advantage of inexpensive labor, but India boasts g number of its own successful blue-chip companies, such as Infosys, Tata Consultancy, and Wipro. Infosys, for global force. Once sluggish and inefficient, the manufacturing industry has benefited from recent economic and maintains software for almost 300 Fortune 500 companies. India's manufacturing sector has also example, designs become a forms as well as a plentiful supply of engineering talent and inexpensive labor. Above all, what appears to be drivin India's growth is an enthusiasm to succeed. This enthusiasm may be attibuted to India's emergence as an independent society ready for change- and what a change What is India's comparative advantage in global competition? Multiple Choice Low-cost labor es Access to natural resources Production of agricultural commodities Open land for building growth Innovation and expertise in manufacturing The strength of India's manufacturing sector gives it a in comparison with other countries. Multiple Choice Comparative Advantage Absolute Advantage Political barrier Economic barrier Technological Barrier A recent change in Indian law allows some foreign retallers to operate in Indla without partnering with an Indian company. This represents a lowering of to International Trade. Multiple Choice Legal Barriers Economic Barriers Ethical Barriers Technological Barriers Cultural Barriers Because the cost of labor is low, many countries havemanufacturing and call center functions to India. Multiple Choice Outsourced Exported Imported Traded Franchised Which of the following best represents a training that would need to occur in order to help someone doing business in India overcome cultural barriers? Multiple Choice A training on gender roles and taboos A debriefing on trade and employment law A training on financial exchange A training on legal issues surrounding selection and assessment A training on tarifts for exporting