What was the comparative advantage theory of David Ricacrdo?
- When a country can produce a good or service at a lower opportunity cost than another country.
- Pursuit of self-interest, division of labor, and freedom of trade.
- A theory of free-market capitalism directly opposed to government intervention.
- A theory centers on entrepreneurship, knowledge, innovation and technological advancement.
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Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.
Who is considered as the father of economics?
- Alfred Marshall
- Adam Smith
- David Ricardo
- Esther Duflo
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Adam Smith was an 18th-century Scottish philosopher. He is considered the father of modern economics. He published “The Wealth of Nations” in 1776.
Name the branch of astronomy that involves the origin and evolution of the universe.
- Cosmology
- Meteorology
- Petrology
- Orology
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Cosmology is "the scientific study of the large-scale properties of the universe as a whole."
How do we consider a Constitution rigid or flexible?
- Based upon the provisions made for its amendment
- Based upon Constitutional Supremacy
- Based upon Parliamentary Supremacy
- Based upon Judicial Review
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On the basis of amendments, a constitution can be classified into the categories of rigid and flexible. A rigid constitution is one that can't be amended easily, i.e., the US Constitution. A flexible constitution is one that can be amended easily, i.e., Britain.
Who prepared the manuscript of the Constitution of India?
- Shantiniketan
- Nandlal Bose
- Dr. B R Ambedkar
- Prem Behari Narain Raizada
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Prem Behari Narain Raizada was an Indian calligrapher. He is notable for being the calligrapher who hand-wrote the Constitution of India.
