Question
15 of 2015 of 20 Items
Question
Which statement best summarizes a major challenge in India's economy? (1 point)
Responses
Outsourcing leads to fewer jobs.
Outsourcing leads to fewer jobs.
Tariffs, quotas, and other protective regulations limit trade.
Tariffs, quotas, and other protective regulations limit trade.
The government does not invest in improvements to job training and machinery.
The government does not invest in improvements to job training and machinery.
High competition causes businesses to collapse.
High competition causes businesses to collapse.
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Answers
GPT-4o mini
The statement that best summarizes a major challenge in India's economy is:
**Tariffs, quotas, and other protective regulations limit trade.**
This reflects a significant issue that can restrict economic growth and hinder global competitiveness. While the other options address various aspects of the economy, the limitations on trade have broader implications for overall economic performance.
**Tariffs, quotas, and other protective regulations limit trade.**
This reflects a significant issue that can restrict economic growth and hinder global competitiveness. While the other options address various aspects of the economy, the limitations on trade have broader implications for overall economic performance.