The passage discusses how India’s advantage in lower labor costs may not be sustainable due to advancements in automation and shifts in industry towards countries with even cheaper labor. The blank in the last sentence should logically follow this reasoning and emphasize the need for additional competitive advantages to maintain relevance in export markets. Option (a) aligns with the passage’s logic that reliance on cheaper manpower is temporary. It suggests vigilance to create other competitive strengths, which is the most coherent and fitting choice to complete the passage.
Given x=2y+4 and y=kx+6 are the lines of regression of x on y and y on x respectively. Find the value of k if value of r is 0.5.
What is the slope of the Engel curve for a Giffen good?
___________ refers to the degree of correlation of the same variables between two successive time intervals
With reference to the governance of public sector banking in India, consider the following statements:
Law of diminishing returns only applies to cases where
P=400, MC= 200, Lerner index = ?
The Indirect Utility function is = 12M3/27PxPy, where M is the income, P(x) is the price of commodity X and P(y) is the price of commodity Y....
The Economic Survey 2023-24 highlights the performance of India's agriculture sector. What was the average annual growth rate of the agriculture sector ...
1) Calculate the standard error of the estimate of Y on X regression equation for the following data
N =50 , ∑y^2 = 150 , ∑xy = 180, &sum...
Revealed preference theory assumes