_______ is the study of the behavior of individuals and firms in making decisions such as consumers, resource owners, and firms.
- Macroeconomics
- Neo-classical economics
- Microeconomics
- Monetarist economics
Microeconomics is the study of the behavior of individuals and firms in making decisions such as consumers, resource owners, and firms.
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
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.
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.
Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.
Who was the first temporary chairman of the Constituent Assembly?
- BN Rau
- Harendra Coomar Mookerjee
- Dr. Sachchidananda Sinha
- Dr. Rajendra Prasad
Dr. Sachchidananda Sinha was appointed as the interim(temporary) chairman of the Constituent Assembly.
Where in the sky would the Pole Star appear to an observer situated on the North Pole?
- At a fixed point on the horizon
- Perpetually below the horizon and invisible
- It depends on the time of the year
- At the zenith (exactly overhead)
The North Star or Pole Star is famous for holding nearly still in our sky while the entire northern sky moves around it. That's because it's located nearly at the north celestial pole
