[amp_mcq option1=”deficit” option2=”scarcity” option3=”default” option4=”No improvement” correct=”option1″]
The correct answer is A. deficit.
A deficit is a shortage of something, especially a financial shortfall. In this case, the speaker is saying that India has a shortage of cheap labor. This is because the cost of labor in India is relatively low compared to other countries. This makes India an attractive destination for businesses that are looking to reduce their costs.
The other options are incorrect because they do not accurately reflect the speaker’s meaning.
- B. scarcity: A scarcity is a lack of something that is needed or wanted. In this case, the speaker is not saying that India lacks cheap labor. In fact, the speaker is saying that India has a surplus of cheap labor.
- C. default: A default is a failure to meet an obligation, such as a loan payment. In this case, the speaker is not saying that India has failed to meet its obligations. In fact, the speaker is saying that India has a surplus of cheap labor that can be used to meet its obligations.
- D. No improvement: No improvement means that there has been no change in something. In this case, the speaker is not saying that there has been no change in the amount of cheap labor in India. In fact, the speaker is saying that the amount of cheap labor in India has increased.