Which of the following figures correctly represents labor costs in China compared to India?

The correct answer indicates that labor costs in China are $3.52 per hour, while in India they are $0.92 per hour. This reflects the general trend observed in the global market, where labor costs in China tend to be higher than those in India. Factors contributing to this include China's more developed industrial base, stronger infrastructure, and higher cost of living compared to India.

Additionally, while India has a large and growing workforce, its labor costs often remain lower due to a combination of different factors, such as overall lower living costs and differing economic conditions. The disparity in labor costs between these two countries is an important consideration for businesses looking to outsource or establish operations in Asia, as the choice can significantly impact overall operational costs and strategic positioning in the market.

This answer provides a clear understanding of how labor costs can vary significantly between countries, influenced by economic conditions and local market factors.